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National Express (LON:NEX)

National Express (LON:NEX)


Share Price
394.40 p
Change
1.6 (0.41 %)
Market Cap
£2,018.30 m
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National Express RNS Release

Notification of Transactions by PDMRs


RNS Number : 4319I
National Express Group PLC
21 March 2018
 

National Express Group PLC

21 March 2018

 

NATIONAL EXPRESS GROUP PLC

 ("Company")

 

Notification of transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

 

The Company provides notification of the following sale transaction effected on 20 March 2018 on the London Stock Exchange by the below named PDMR relating to his interest in the ordinary shares of nominal value 5p each in the capital of the Company ("Shares") (ISIN: GB0006215205).

 

Name and position of PDMR

Number of beneficially owned Shares sold at 392.2p per Share

Total beneficial interest held in Shares following the transaction¹

 

Total other interest held in Shares following the transaction²

 

Dean Finch,     

Group Chief Executive³

 

 

84,598

 

249,483

 

1,266,549

                                                                                               

¹ Including those held by connected persons.

² Under the Company's Executive Deferred Bonus Plan ("EDBP") and Long-Term Incentive Plan.

³ Post the above transaction, Mr Finch has a residual shareholding value (comprising his 249,493 beneficially owned Shares and the 119,939 forfeitable Shares in which he has an interest under the EDBP) which is in excess of the 200% of salary value which he is required to attain by 2020 as Group Chief Executive under the Company's share ownership guidelines.

 

The Company can confirm that the PDMR has complied with his obligation to notify the Financial Conduct Authority in respect of the above transaction as is his requirement under the EU Market Abuse Regulation.

 

-     END    -

 

National Express contact and telephone number for enquiries:

 

Michael Arnaouti, Group Company Secretary

++44 (0) 207 805 3807

 

Notes

Legal Entity Identifier: 213800A8IQEMY8PA5X34

Classification: 3.1 (with reference to DTR6 Annex 1R)

 

 


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