Go-Ahead Group PLC Director / PDMR Shareholding - Supplementary (1212Q)

TIDMGOG

RNS Number : 1212Q

Go-Ahead Group PLC

24 November 2016

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons

The following information is supplementary to The Go-Ahead Group plc's (the "Group") announcement released on 18 November 2016 at 14.00 with RNS number 5962P:

On 18 November 2016, the Group announced that 90% of the Group Chief Executive, David Brown's, 2013 Long-Term Incentive Plan ("LTIP") award had vested equating to 27,415 shares of which 11,652 shares were sold to cover Tax and NI liabilities. Upon crystallisation of this award, there was a subsequent sale of 1,299 shares required to meet the full Tax and NI liabilities due. Further to the sale on 21 November 2016, David Brown is the beneficial holder of 63,089 shares in the Group, which amounts to 0.15% of the Group's issued share capital.

 
 Date          Name      Share    Number           Number         Number             Sale date    Price 
                          Plan     of shares        of shares      of shares 
                                   vested           sold to        to be retained 
                                   and exercised    meet Tax       and transferred 
                                   on 30/11/2016    and NI         to spouse 
                                                    liabilities 
------------  --------  -------  ---------------  -------------  -----------------  -----------  ---------- 
               David 
 16/11/2016     Brown    LTIP     27,415           11,652         15,763             16/11/2016   GBP20.333 
  (First 
   sale) 
-------------------------------  ---------------  -------------  -----------------  -----------  ---------- 
               David 
 21/11/2016     Brown    LTIP     -                1,299          -1,299             21/11/2016   GBP20.33 
  (Second 
   sale) 
-------------------------------  ---------------  -------------  -----------------  -----------  ---------- 
 Revised       David 
  totals        Brown    LTIP     27,415           12,951         14,464 
------------  --------  -------  ---------------  -------------  -----------------  ----------------------- 
 

The attached notification, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail of the number of shares sold under the LTIP on 21 November 2016.

 
 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 
        of the financial           Ordinary shares of 10 pence each 
        instrument, 
        type of instrument 
 
        Identification             GB0003753778 
        code 
----  ------------------------  ----------------------------------------------------- 
 b)    Nature of                 Sale of shares, following the recent vesting 
        the transaction           and exercise of options under The Go-Ahead 
                                  Group Long-Term Incentive Plan 2005 
----  ------------------------  ----------------------------------------------------- 
 c)    Price(s) and               Price(s)                   Volume(s) 
        volume(s) 
----  ------------------------  ------------  --------------------------------------- 
                                   GBP20.33    Upon crystallisation of 
                                                the 2013 LTIP award, a subsequent 
                                                sale of 1,299 shares was 
                                                required to meet the full 
                                                Tax and NI liabilities due. 
----  ------------------------  ------------  --------------------------------------- 
 d)    Aggregated 
        information 
 
        - Aggregated               1,299 shares 
        volume                     For further details, see 'Section C - Volume(s)' 
                                   above 
 
 
        - Price 
                                   GBP20.33 
----  ------------------------  ----------------------------------------------------- 
       Date of the 
 e)     transaction                2016-11-21 
----  ------------------------  ----------------------------------------------------- 
 f)    Place of the              London Stock Exchange XLON 
        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

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November 24, 2016 12:09 ET (17:09 GMT)