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 : 7691C
National Express Group PLC
19 April 2017
National Express Group PLC
19 April 2017
NATIONAL EXPRESS GROUP PLC
("Company")
Notification of transactions by Persons Discharging Managerial Responsibilities ("PDMRs")
The Company provides notification of the following transactions effected on 18 April 2017 relating to the below named PDMRs and affecting their respective interests in the ordinary shares of nominal value 5p each in the capital of the Company ("Shares") (ISIN: GB0006215205).
The transactions arise from the annual award (pursuant to the Company's Remuneration Policy) of performance conditioned options over Shares under the rules of the Company's Long-Term Incentive Plan 2015 ("LTIP"), including, as applicable, the HMRC approved Company Share Option Plan attached thereto ("CSOP") (together, "Awards").
Name and Number of Total interest Total beneficial position Shares over in Shares interest in of PDMR which Award following Shares following granted the transaction the transaction under the under the (including LTIP and/or Company's those held CSOP, as deferred bonus by connected indicated and long-term persons) (max)(1) incentive plans --------------- ------------------- ----------------- ------------------ Dean Finch, Group Chief 341,476 Executive (LTIP)(2) 1,865,684 137,598 --------------- ------------------- ----------------- ------------------ Matthew 145,752 Ashley, (LTIP)(2) 470,282 111,785 Group 8,328 (CSOP)(3) Finance Director --------------- ------------------- ----------------- ------------------
(1) The conversion of the Award value (as a percentage of salary) into the number of Shares under option is based on the closing middle market quotation of a Share on 13 April 2017 (being the business trading day immediately preceding the date of grant) of GBP3.602 per share.
(2) Awards under the LTIP are granted in the form of conditional nil cost options.
(3) Awards under the CSOP are structured in the form of market value share options with an exercise price of GBP3.602 per Share (such price being derived as per note (1) above). These awards are aligned with the requirements of Schedule 4 to the Income Tax (Earnings and Pensions) Act 2003 and any vesting will be by way of set-off against any Shares vesting under the LTIP award.
The Awards will normally vest on the third anniversary of grant with the actual number of Shares vesting at that time based on the Company's achievement against stretching performance targets measured over the three-year financial period ending 31 December 2019. The targets (as more particularly set out in the Directors' Remuneration Report of the Company's 2016 Annual Report) relate to Earnings Per Share, Return On Capital Employed and, split equally between a comparison against the FTSE 250 and a bespoke index, Total Shareholder Return. Each target is weighted as to one-third of the Award. There is no ability to retest any of the performance conditions.
Additionally, the Awards are subject to malus and clawback provisions and a two-year holding period post vesting as per the LTIP rules. Dividends accrue during the performance period in respect of any Shares which ultimately vest and dividends will be paid in respect of any vested unexercised Shares during the holding period.
This above notice is given in fulfilment of the Company's obligation under DTR 3.1.
- 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
DSHOKCDQQBKDCQD
(END) Dow Jones Newswires
April 19, 2017 11:00 ET (15:00 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