29 Jun 2020 17:37
NATIONAL EXPRESS GROUP PLC
("Company")
Notification of transactions by Person Discharging Managerial Responsibilities ("PDMR")
The Company provides notification of transactions effected on 26 June 2020 and 29 June 2020 by the below-named PDMR and his resulting interests in ordinary shares of nominal value of 5 pence each in the capital of the Company ("Shares") (ISIN: GB0006215205):
Name and position of PDMR | Aggregate number of Shares sold | Sale price per Share
| Beneficial interest of PDMR in Shares following the transaction
| Interest in Shares held under vested but unexercised share options following the transactions 1 | Total other interest held in Shares (including under unvested share options) following the transactions 2 |
Dean Finch, Group Chief Executive | 390,577 | 117,686 Shares sold at 198.43 pence per Share
272,891 Shares sold at 192.13 pence per Share | - | 642,470 | 1,150,694 3 |
1 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 has a beneficial interest is 340,509
2 These interests represent outstanding awards granted under the Company's Executive Deferred Bonus Plan (EDBP) and the Company's Long-Term Incentive Plan (LTIP)
3 Approved CSOP awards are made alongside nil cost options awards made under the Company's LTIP where HMRC limits permit. The PDMR's interests in Shares under such approved CSOP awards are not included in these interests but, on their vesting and valid exercise, will have the effect of reducing the PDMR's interests in the vested Shares held under their corresponding nil cost options
1. | Details of PDMR / PCA | ||||||||||||||
Full Name | Dean Finch | ||||||||||||||
Position / status | Group Chief Executive, PDMR | ||||||||||||||
Initial notification / amendment | Initial notification | ||||||||||||||
2. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||||||
| Name | National Express Group PLC | |||||||||||||
LEI | 213800A8IQEMY8PA5X34 | ||||||||||||||
3. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||||||||||
Description of the financial instrument
| Ordinary shares of 5p each
| ||||||||||||||
Identification code | GB0006215205
| ||||||||||||||
Nature of the transaction | Sale | ||||||||||||||
Price(s) and volume(s) |
| ||||||||||||||
Date of the transaction | 26 June 2020 | ||||||||||||||
Place of the transaction | London Stock Exchange | ||||||||||||||
4. | Details of PDMR / PCA | ||||||||||||||
Full Name | Dean Finch | ||||||||||||||
Position / status | Group Chief Executive, PDMR | ||||||||||||||
Initial notification / amendment | Initial notification | ||||||||||||||
5. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||||||
| Name | National Express Group PLC | |||||||||||||
LEI | 213800A8IQEMY8PA5X34 | ||||||||||||||
6. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||||||||||
Description of the financial instrument
| Ordinary shares of 5p each
| ||||||||||||||
Identification code | GB0006215205
| ||||||||||||||
Nature of the transaction | Sale | ||||||||||||||
Price(s) and volume(s) |
| ||||||||||||||
Date of the transaction | 29 June 2020 | ||||||||||||||
Place of the transaction | London Stock Exchange | ||||||||||||||
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.
- END -
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)