25 Jul 2019 16:46
National Express Group PLC
25 July 2019
NATIONAL EXPRESS GROUP PLC
("Company")
Notification of a transaction by a Persons Discharging Managerial Responsibilities ("PDMR")
The Company has been notified by Mr Matt Ashley, a PDMR of the Company, of the below transaction effected by him on 25 July 2019 in the ordinary shares of nominal value 5 pence each in the capital of the Company ("Shares") (ISIN: GB0006215205).
The transaction is a sale by Matt Ashley of certain Shares beneficially held by him to satisfy additional tax liabilities arising in connection with the vesting on 12 April 2019 of a three year performance conditioned nil cost option over 136,526 Shares under the Company's Long-Term Incentive Plan 2015 and the exercise on 16 April 2019 of such option. Following the sale, Mr Ashley has a residual shareholding which is in excess of that required under the Company's shareholding guidelines.
Name and position of PDMR | Number of beneficially held Shares sold at 436 pence per Share
| Total beneficial interest held in Shares following the transaction (including those held by persons closely associated)
| Total other interest held in Shares following the transaction under the Company's deferred bonus and long-term incentive plans |
Matt Ashley, President and CEO, North America
|
5,048 |
145,794
|
445,017
|
The Company can confirm that Matt Ashley has complied with his obligation to notify the Financial Conduct Authority of the above transaction as required under the EU Market Abuse Regulation.
- END -
National Express contact and telephone number for enquiries:
Jennifer Myram, Company Secretary
++44 (0) 207 805 3807
Notes:
Legal Entity Identifier: 213800A8IQEMY8PA5X34
Classification: 3.1 (with reference to DTR6 Annex 1R)
NEX.L (NEX)