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National Express - Director/PDMR Shareholding

RNS Number : 4366R
National Express Group PLC
29 June 2020
 

 

NATIONAL EXPRESS GROUP PLC

 ("Company")

 

Notification of transactions by Person Discharging Managerial Responsibilities ("PDMR")

 

The Company provides notification of transactions effected on 26 June 2020 and 29 June 2020 by the below-named PDMR and his resulting interests in ordinary shares of nominal value of 5 pence each in the capital of the Company ("Shares") (ISIN: GB0006215205):

 

Name and position of PDMR

Aggregate number of Shares sold

Sale price per Share

 

Beneficial interest of PDMR in Shares following the transaction

 

Interest in Shares held under vested but unexercised share options following the transactions 1

Total other

interest held in

Shares (including under unvested share options) following the transactions 2

Dean Finch, Group Chief Executive

390,577

117,686 Shares sold at 198.43 pence per Share

 

272,891 Shares sold at 192.13 pence per Share

-

642,470

1,150,694 3

1 The deemed net of tax number of these Shares, assuming exercise of the vested Share options and satisfaction of income tax at a rate of 45% and employees NICs of 2% on such exercise, in which Mr Finch has a beneficial interest is 340,509

2 These interests represent outstanding awards granted under the Company's Executive Deferred Bonus Plan (EDBP) and the Company's Long-Term Incentive Plan (LTIP)

3 Approved CSOP awards are made alongside nil cost options awards made under the Company's LTIP where HMRC limits permit. The PDMR's interests in Shares under such approved CSOP awards are not included in these interests but, on their vesting and valid exercise, will have the effect of reducing the PDMR's interests in the vested Shares held under their corresponding nil cost options

 

 

1.           

Details of PDMR / PCA


Full Name

Dean Finch


Position / status

Group Chief Executive, PDMR


Initial notification / amendment

Initial notification

2.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

 

 

 

 

Name

National Express Group PLC

LEI

213800A8IQEMY8PA5X34

3.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted


Description of the financial instrument

 

Ordinary shares of 5p each

 

 

 

 


Identification code

GB0006215205

 


Nature of the transaction

Sale


Price(s) and volume(s)


Price(s)

Volume(s)

Total


£1.9843

117,686

£233,524.33

Aggregated

£1.9843

117,686

£233,524.33


Date of the transaction

26 June 2020


Place of the transaction

London Stock Exchange

 

4.           

Details of PDMR / PCA


Full Name

Dean Finch


Position / status

Group Chief Executive, PDMR


Initial notification / amendment

Initial notification

5.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

 

 

 

 

Name

National Express Group PLC

LEI

213800A8IQEMY8PA5X34

6.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted


Description of the financial instrument

 

Ordinary shares of 5p each

 

 

 

 


Identification code

GB0006215205

 


Nature of the transaction

Sale


Price(s) and volume(s)


Price(s)

Volume(s)

Total


£1.9213

272,891

£524,305.48

Aggregated

£1.9213

272,891

£524,305.48


Date of the transaction

29 June 2020


Place of the transaction

London Stock Exchange

 

This above notice is given in fulfilment of the Company's obligation under DTR 3.1 and Article 19 of the EU Market Abuse Regulation 596/2014.

 

-     END    -

 

National Express contact and telephone number for enquiries:

Jennifer Myram, Company Secretary

+44 (0) 207 805 3807

 

Melanie Travis, Deputy Company Secretary

+44 (0) 207 805 3805

 

Notes:

Legal Entity Identifier: 213800A8IQEMY8PA5X34

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


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: National Express

Price: 149.3

Market: LSE
Market Cap: £916.83 m
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