15 Mar 2016 17:52
15 March 2016
NATIONAL EXPRESS GROUP PLC
Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMRs')
National Express Group PLC (the 'Company') announces that the following awards of forfeitable Ordinary shares of 5 pence each in the capital of the Company ('Shares') were made to the under-mentioned PDMRs, both being Executive Directors, on 15 March 2016 pursuant to the rules of the National Express Group Executive Deferred Bonus Plan:
Executive Director | Number of Shares comprised within the award |
Dean Finch Group Chief Executive
|
129,550 |
Matthew Ashley Group Finance Director
|
40,278 |
No consideration was paid for the grant of the awards and no consideration is due on the vesting of the awards. The awards will normally vest on the first anniversary of the date of grant subject to continued employment. In accordance with our current Remuneration Policy, provisions exist that require the deferred shares to be forfeited or repaid should it be necessary for the Company to restate materially the financial results upon which the bonus was awarded within a two-year period following the deferred bonus being awarded.
This notification is made in accordance with DTR 3.1.4R(1)(a).
Name of contact and telephone number for queries:
Joy Baldry
Deputy Company Secretary
0207 805 3801
NEX.L (NEX)