Go-Ahead Group PLC Director/PDMR Shareholding (8883W)

TIDMGOG

RNS Number : 8883W

Go-Ahead Group PLC

17 November 2017

The Go-Ahead Group plc

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility

On 17 November 2017, The Go-Ahead Group plc granted conditional share awards under The Go-Ahead Group Long Term Incentive Plan 2015 ("LTIP") in accordance with the LTIP rules to the executive directors as follows:

 
 Name                        Number of share awards 
                              granted under LTIP on 
                              17 November 2017 
--------------------------  ----------------------- 
 David Brown, Group Chief 
  Executive                   49,993 
--------------------------  ----------------------- 
 Patrick Butcher, Group 
  Chief Financial Officer     22,762 
--------------------------  ----------------------- 
 

The targets of the long-term incentive award are set out below and will be measured over the three-year performance period commencing with the start of the 2017/18 financial period and ending with the end of the 2019/20 financial period:

 
               EPS         Compound   Payout      Relative      Payout      Rail        Bus customer 
                payout      annual     (%          TSR           (% of       customer    service 
                (%          growth     of          vs            each        service     target 
                of          in EPS     TSR         FTSE          customer    target 
                element)               element)    250           element) 
                                                   (excluding 
                                                   certain 
                                                   sectors) 
------------  ----------  ---------  ----------  ------------  ----------  ----------  ------------- 
 Weighting 
  (% 
  of 
  total 
  award)               -        40%           -           40%           -         10%            10% 
------------  ----------  ---------  ----------  ------------  ----------  ----------  ------------- 
                               Less 
                               than 
                                RPI                                              Less 
 Below                          +2%                     Below                    than      Less than 
  threshold           0%       p.a.          0%        median          0%         82%            90% 
------------  ----------  ---------  ----------  ------------  ----------  ----------  ------------- 
                                RPI 
                               + 2% 
 Threshold           10%       p.a.         25%        Median         10%         82%            90% 
------------  ----------  ---------  ----------  ------------  ----------  ----------  ------------- 
 Between         Between    Between     Between       Between     Between     Between        Between 
  threshold          10%        RPI         25%        median         10%         82%        90% and 
  and                and    2% p.a.         and           and         and         and            93% 
  maximum           100%        and        100%         upper        100%         86% 
                                RPI                  quartile 
                                10% 
                               p.a. 
------------  ----------  ---------  ----------  ------------  ----------  ----------  ------------- 
                                RPI 
                              + 10%                     Upper 
 Maximum            100%       p.a.        100%      quartile        100%         86%            93% 
------------  ----------  ---------  ----------  ------------  ----------  ----------  ------------- 
 

This LTIP award will be subject to recovery and withholding provisions for three years following vesting and an additional

two year holding period following the vesting of awards will also apply.

This notification is made in accordance with the requirement of the EU Market Abuse Regulation.

 
 1     Details of the person discharging managerial 
        responsibilities/person closely associated 
----  ------------------------------------------------------------ 
 a)    Name                  David Brown 
----  --------------------  -------------------------------------- 
 2     Reason for notification 
----  ------------------------------------------------------------ 
 a)    Position/status       Group Chief Executive 
----  --------------------  -------------------------------------- 
 b)    Initial               Initial notification 
        notification/ 
        Amendment 
----  --------------------  -------------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ------------------------------------------------------------ 
 a)    Name                  The Go-Ahead Group plc 
----  --------------------  -------------------------------------- 
 b)    LEI                   2138009TF1SYOMQLBJ60 
----  --------------------  -------------------------------------- 
 4     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 
----  ------------------------------------------------------------ 
 a)    Description           Ordinary shares of 10 pence each 
        of the 
        financial 
        instrument, 
        type of               GB0003753778 
        instrument 
 
        Identification 
        code 
----  --------------------  -------------------------------------- 
 b)    Nature                Grant of conditional share awards 
        of the                under The Go-Ahead Group Long Term 
        transaction           Incentive Plan 2015 subject to 
                              a three year deferral period and 
                              continued employment 
----  --------------------  -------------------------------------- 
 c)    Price(s)              Price(s)      Volume(s) 
        and volume(s) 
----  --------------------  ------------  ------------------------ 
                               GBP0.00     49,993 conditional 
                                            share awards 
----  --------------------  ------------  ------------------------ 
 
 d)    Aggregated 
        information 
 
        - Aggregated           49,993 conditional share awards 
        volume 
 
 
        - Price                GBP0.00 
----  --------------------  -------------------------------------- 
       Date of 
 e)     the transaction        2017-11-17 
----  --------------------  -------------------------------------- 
 f)    Place                 N/A 
        of the 
        transaction 
----  --------------------  -------------------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities/person closely associated 
----  ---------------------------------------------------------------- 
 a)    Name                Patrick Butcher 
----  ------------------  -------------------------------------------- 
 2     Reason for notification 
----  ---------------------------------------------------------------- 
 a)    Position/status     Group Chief Financial Officer 
----  ------------------  -------------------------------------------- 
 b)    Initial             Initial notification 
        notification/ 
        Amendment 
----  ------------------  -------------------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ---------------------------------------------------------------- 
 a)    Name                The Go-Ahead Group plc 
----  ------------------  -------------------------------------------- 
 b)    LEI                 2138009TF1SYOMQLBJ60 
----  ------------------  -------------------------------------------- 
 4     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 
----  ---------------------------------------------------------------- 
 a)    Description         Ordinary shares of 10 pence each 
        of the 
        financial 
        instrument, 
        type of             GB0003753778 
        instrument 
 
        Identification 
        code 
----  ------------------  -------------------------------------------- 
 b)    Nature              Grant of conditional share award 
        of the              under The Go-Ahead Group Long Term 
        transaction         Incentive Plan 2015 subject to a 
                            three year deferral period and continued 
                            employment. 
----  ------------------  -------------------------------------------- 
 c)    Price(s)            Price(s)      Volume(s) 
        and volume(s) 
----  ------------------  ------------  ------------------------------ 
                             GBP0.00     22,762 conditional share 
                                          awards 
----  ------------------  ------------  ------------------------------ 
 
 d)    Aggregated 
        information 
 
        - Aggregated         22,762 conditional share awards 
        volume 
 
 
        - Price              GBP0.00 
----  ------------------  -------------------------------------------- 
       Date of 
 e)     the transaction      2017-11-17 
----  ------------------  -------------------------------------------- 
 f)    Place               N/A 
        of the 
        transaction 
----  ------------------  -------------------------------------------- 
 

For further information please contact:

Carolyn Ferguson, Group Company Secretary - 0191 232 3123

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHLLFSRLLLDLID

(END) Dow Jones Newswires

November 17, 2017 11:44 ET (16:44 GMT)