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GOG Go-ahead Group Plc

1,546.00
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Go-ahead Group Plc LSE:GOG London Ordinary Share GB0003753778 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,546.00 1,546.00 1,548.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Go-Ahead Group PLC Director/PDMR Shareholding (7276P)

21/11/2016 3:00pm

UK Regulatory


Go-ahead (LSE:GOG)
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TIDMGOG

RNS Number : 7276P

Go-Ahead Group PLC

21 November 2016

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility

On 16 November 2016, The Go-Ahead Group plc (the "Group") 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 
                                        16 November 2016 
------------------------------------  ----------------------- 
 David Brown, Group Chief Executive    39,698 
------------------------------------  ----------------------- 
 Patrick Butcher, Group Chief 
  Financial Officer                    18,073 
------------------------------------  ----------------------- 
 

Following a recent consultation with the Group's major shareholders and shareholder representative bodies, the targets of the long-term incentive award are set out below and will be measured over the a three-year performance period commencing with the start of the 2016/17 financial period and ending with the end of the 2018/19 financial period:

 
                 EPS payout   Compound       TSR payout   Relative     Customer         Rail customer   Bus customer 
                  (% of        annual         (% of        TSR vs       payout           service         service 
                  element)     growth         element)     FTSE         (% of            target          target 
                               in adjusted                 250          each element) 
                               EPS 
--------------  -----------  -------------  -----------  -----------  ---------------  --------------  ------------- 
 Weighting                    40%                         40%                           10%             10% 
--------------  -----------  -------------  -----------  -----------  ---------------  --------------  ------------- 
                              Less than 
 Below                         RPI +2%                    Below                         Less than       Less than 
  threshold      0%            p.a.          0%            median      0%                78%             90% 
--------------  -----------  -------------  -----------  -----------  ---------------  --------------  ------------- 
                              RPI + 2% 
 Threshold       10%           p.a.          25%          Median       10%              78%             90% 
--------------  -----------  -------------  -----------  -----------  ---------------  --------------  ------------- 
 Between         Between      Between        Between      Between      Between          Between         Between 
  threshold       10% and      RPI 2%         25% and      median       10% and          78% and         90% and 
  and maximum     100%         p.a. and       100%         and upper    100%             82%             93% 
                               RPI 10%                     quartile 
                               p.a. 
--------------  -----------  -------------  -----------  -----------  ---------------  --------------  ------------- 
                              RPI + 10%                   Upper 
 Maximum         100%          p.a.          100%          quartile    100%             82%             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 notification/         Initial 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 instrument 
                                      GB0003753778 
        Identification 
        code 
----  ----------------------------  ------------------------------------------------ 
 b)    Nature of                     Grant of conditional share awards under The 
        the transaction               Go-Ahead Group Long Term Incentive Plan 2015 
                                      subject to a three year deferral period and 
                                      continued employment 
----  ----------------------------  ------------------------------------------------ 
 c)    Price(s) and                  Price(s)       Volume(s) 
        volume(s) 
----  ----------------------------  -------------  --------------------------------- 
                                       GBP0.00       39,698 conditional share 
                                                      awards 
----  ----------------------------  -------------  --------------------------------- 
 
 d)    Aggregated 
        information 
 
        - Aggregated                   39,698 conditional share awards 
        volume 
 
 
        - Price                        GBP0.00 
----  ----------------------------  ------------------------------------------------ 
       Date of the 
 e)     transaction                    2016-11-16 
----  ----------------------------  ------------------------------------------------ 
 f)    Place of the                  N/A 
        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 notification/         Initial 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 instrument 
                                      GB0003753778 
        Identification 
        code 
----  ----------------------------  ------------------------------------------------ 
 b)    Nature of                     Grant of conditional share award under The 
        the transaction               Go-Ahead Group Long Term Incentive Plan 2015 
                                      subject to a three year deferral period and 
                                      continued employment. 
----  ----------------------------  ------------------------------------------------ 
 c)    Price(s) and                  Price(s)       Volume(s) 
        volume(s) 
----  ----------------------------  -------------  --------------------------------- 
                                       GBP0.00       18,073 conditional share 
                                                      awards 
----  ----------------------------  -------------  --------------------------------- 
 
 d)    Aggregated 
        information 
 
        - Aggregated                   18,073 conditional share awards 
        volume 
 
 
        - Price                        GBP0.00 
----  ----------------------------  ------------------------------------------------ 
       Date of the 
 e)     transaction                    2016-11-16 
----  ----------------------------  ------------------------------------------------ 
 f)    Place of the                  N/A 
        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

DSHLLFFVLSLLFIR

(END) Dow Jones Newswires

November 21, 2016 10:00 ET (15:00 GMT)

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