National Express Group PLC
21 March 2018
NATIONAL EXPRESS GROUP PLC
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
Group Chief Executive³
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.
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National Express contact and telephone number for enquiries:
Michael Arnaouti, Group Company Secretary
++44 (0) 207 805 3807
Legal Entity Identifier: 213800A8IQEMY8PA5X34
Classification: 3.1 (with reference to DTR6 Annex 1R)
This information is provided by RNS