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National Express (LON:NEX)

National Express (LON:NEX)


Share Price
392.80 p
Change
-1.2 (-0.30 %)
Market Cap
£2,010.11 m
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National Express RNS Release

Transaction in Own Shares


RNS Number : 9930G
National Express Group PLC
07 March 2018
 

National Express Group PLC

 

Market purchase of shares

to be held in the Company's employee benefit trust

 

National Express Group PLC ("Company") today confirms it has been notified that on 6 March 2018, First Names Corporate Services Limited, acting as Trustee of the National Express Group Employee Benefit Trust ("Trust"), purchased 550,000 (five hundred and fifty thousand) ordinary shares of nominal value 5 pence each in the capital of the Company ("Shares") at an average price of 383.9922 pence per share.

The Trust holds Shares for the benefit of the Company's employees, in particular for satisfying the future vesting of outstanding awards made under the Company's various employee share incentive plans. As such, Dean Finch, Chris Davies and Matt Ashley, as Executive Directors and PDMRs, are amongst the potential beneficiaries of the Shares held in Trust.

Immediately following the above transaction, the Trust holds 1,369,346 Shares for the above purpose, representing 0.27% of the Company's issued share capital with voting rights.

END

Enquiries to National Express Group PLC:

Michael Arnaouti, Company Secretary                                                                  020 7805 3807

Notes

Legal Entity Identifier: 213800A8IQEMY8PA5X34

Classification: 2.4 (with reference to DTR6 Annex 1R)

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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