20 Mar 2020 13:56
RNS Number:
National Express Group PLC
20 March 2020
NATIONAL EXPRESS GROUP PLC
("Company")
Notification of transactions by Persons Discharging Managerial Responsibilities ("PDMRs")
The Company has been notified by Mr Chris Davies, Mr Matt Ashley, Sir John Armitt and Ms Karen Geary, each a PDMR of the Company, of the below detailed transactions effected by them of by their Persons Closely Associated ('PCA') on 19 March 2020 relating to their interests in the ordinary shares of nominal value of 5 pence each in the capital of the Company ("Shares") (ISIN: GB0006215205).
Name and position of PDMR or their PCA | Number of Shares acquired | Purchase price per Share
| Beneficial interest held in Shares following the transactions 1
| Interest in Shares held under vested but unexercised share options following the transactions 2 | Total other interests held in Shares following the transactions 3 |
Chris Davies, Group Finance Director
| 50,000 | 97.60 penceper share | 81,769 | 61,366 | 632,772 |
Matt Ashley, Group Business Development Director | 50,000 | 97.59 penceper share | 205,455 | n/a | 604,384 |
PCA of Sir John Armitt, Chairman | 11,359 | 5,269 shares at 94.88 pence, 5,259 at 95.06 pence and831 shares at 108.17 penceper share | 21,859 | n/a | n/a |
Karen Geary, Non-Executive Director
| 10,000 | 97.29 pence per share | 10,000 | n/a | n/a |
1 Including those held by connected persons
2 Based on a Share price of 469.60p as at 31 December 2019, the deemed net of tax number of these Shares, assuming exercise of the vested Share options and satisfaction of income tax at a rate of 45% and employees NICs of 2% on such exercise, in which Mr Finch and Mr Davies have beneficial interests is 174,850 Shares and 32,524 Shares, respectively
3 Represent outstanding awards granted under the Company's Executive Deferred Bonus Plan and Long-Term Incentive Plan
This above notice is given in fulfilment of the Company's obligation under DTR 3.1 and Article 19 of the EU Market Abuse Regulation 596/2014.
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National Express contact and telephone number for enquiries:
Jennifer Myram, Company Secretary
+44 (0) 207 805 3807
Melanie Travis, Deputy Company Secretary
+44 (0) 207 805 3805
Notes:
Legal Entity Identifier: 213800A8IQEMY8PA5X34
Classification: 3.1 (with reference to DTR6 Annex 1R)