We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mobico Group Plc | LSE:NEX | London | Ordinary Share | Ordinary Shares |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 108.30 | 108.50 | 108.90 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMNEX
RNS Number : 1508N
National Express Group PLC
04 August 2017
NATIONAL EXPRESS GROUP PLC
("Company")
Notification of transactions by Persons Discharging Managerial Responsibilities ("PDMRs")
Following receipt of notification today from Dean Finch, a PDMR, the Company provides onward notification of the following transactions effected by him on 3 August 2017 relating to his interests in the Ordinary shares of nominal value 5p each in the capital of the Company ("Shares") (ISIN: GB0006215205).
The transactions arise from: (i) the exercise of a nil cost option award over certain performance-conditioned Shares which vested on 3 August 2017 - the original awards having been granted on 3 August 2012 under the Company's 2005 Long-Term Incentive Plan, as amended ("LTIP"), and (ii) the immediate sale on the London Stock Exchange of all the Shares acquired under (i) above, both as shown below.
Name and Number Number Total beneficial Total remaining position of Shares of Shares interest interest of PDMR acquired immediately in Shares in Shares on exercise sold following following of LTIP in the the transaction the transaction option market (including under the (1) at 367.3368p those held Company's per Share by connected deferred persons) bonus and long-term incentive plans --------------- ------------- -------------- ----------------- ----------------- Dean Finch, Group Chief Executive 130,703 130,703(1) 137,598 1,604,277 --------------- ------------- -------------- ----------------- -----------------
(1) Malus and clawback provisions did not apply to the original awards. All Shares delivered to the PDMR on exercise of the option are satisfied through the transfer of market purchased Shares from the Company's Employee Benefit Trust.
The stretching performance targets which attached to the original award - comprising Earnings Per Share ("EPS") and Total Shareholder Return ("TSR"), each as applied to 50% of the award - were set at the time of grant and related to the five-year financial period ended 31 December 2016. These targets, and the Company's measured performance against them, are set out in the Directors' Remuneration Report of the Company's 2016 Annual Report and, as disclosed therein, resulted in the full vesting of the EPS element only (as above).
The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
1. Details of PDMR ---- ------------------------------------------------------ -------------------------------------------- Full Name Dean Finch ---- -------------------------------------------------- ------------------------------------------------ Position / Group Chief Executive status ---- -------------------------------------------------- ------------------------------------------------ Initial notification Initial notification / amendment ---- -------------------------------------------------- ------------------------------------------------ 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 ---- ---------------------------------------------------------------------------------------------------- (i) Description Ordinary shares of nominal value of the financial 5p each instrument Identification GB0006215205 code ---- -------------------------------------------------- ------------------------------------------------ Nature of Acquisition the transaction The exercise, post-performance conditioned vesting, of a nil cost option to acquire 130,703 Ordinary shares under the Company's Long-Term Incentive Plan 2005, as amended. ---- -------------------------------------------------- ------------------------------------------------ Price(s) and Price(s) Volume(s) volume(s) ----------------- ----------------- Nil per Ordinary 130,703 Ordinary share shares ----------------- ----------------- ---- -------------------------------------------------- ------------------------------------------------ Aggregated 130,703 Ordinary shares at GBP Nil information per Ordinary share Aggregated volume Price Total GBP Nil ---- -------------------------------------------------- ------------------------------------------------ Date of the 3 August 2017 transaction ---- -------------------------------------------------- ------------------------------------------------ Place of the N/A transaction ---- -------------------------------------------------- ------------------------------------------------ (ii) Description Ordinary shares of nominal value of the financial 5p each instrument Identification GB0006215205 code ---- -------------------------------------------------- ------------------------------------------------ Nature of Disposal the transaction The sale of 130,703 Ordinary shares in the market ---- -------------------------------------------------- ------------------------------------------------ Price(s) and Price(s) Volume(s) volume(s) ----------------- ---------- GBP3.673368 per Ordinary share 130,703 ----------------- ---------- ---- -------------------------------------------------- ------------------------------------------------ Aggregated 130,703 Ordinary shares at GBP3.6733.68 information per Ordinary share Aggregated volume Price Total GBP480,120.22 (gross) ---- -------------------------------------------------- ------------------------------------------------ Date of the 3 August 2017 transaction ---- -------------------------------------------------- ------------------------------------------------ Place of the London Stock Exchange transaction ---- -------------------------------------------------- ------------------------------------------------ - END -
National Express contact and telephone number for enquiries:
Michael Arnaouti, Company Secretary
++44 (0) 207 805 3807
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHOKQDDCBKKBFK
(END) Dow Jones Newswires
August 04, 2017 10:00 ET (14:00 GMT)
1 Year Mobico Chart |
1 Month Mobico Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions