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.
Enquiries to National Express Group PLC:
Michael Arnaouti, Company Secretary 020 7805 3807
Legal Entity Identifier: 213800A8IQEMY8PA5X34
Classification: 2.4 (with reference to DTR6 Annex 1R)
This information is provided by RNS