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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mobico Group Plc | LSE:MCG | London | Ordinary Share | GB0006215205 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.85 | 1.46% | 58.95 | 58.65 | 59.00 | 59.10 | 57.15 | 57.50 | 1,516,032 | 16:35:01 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Intercity,rural Bus Transprt | 2.81B | -221.8M | -0.3612 | -1.63 | 360.78M |
TIDMNEX
RNS Number : 2724V
National Express Group PLC
14 April 2016
NATIONAL EXPRESS GROUP PLC (the 'Company')
Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMRs')
The Company announces the following transactions.
On 11 April 2016 the Directors/PDMRs set out below exercised their Performance and Matching Share Awards granted on 10 April 2013 ('2013 Awards') under the Company's 2005 Long Term Incentive Plan ('LTIP') and subsequently acquired and sold on 13 April 2016 the number of Ordinary shares of 5 pence each ('Shares') set out below. The sale price was GBP3.397536 per Share. The personal tax and national insurance contribution liabilities for each Director/PDMR arising from the exercise will be paid out of the proceeds of their respective sales.
Name of Number of Number of Total interest Total person discharging Shares acquired Shares sold in Shares interest managerial under the (including in Shares responsibility 2013 Awards those held held under / director by connected long-term persons) incentives following (including transaction deferred Shares under the Executive Deferred Bonus Plan) --------------------- ----------------- ------------- --------------- --------------- Dean Finch, Group Chief Executive 453,283 453,283 294,598 2,296,936 --------------------- ----------------- ------------- --------------- --------------- Matthew Ashley, Group Finance Director 148,522 129,228 87,891 564,209 --------------------- ----------------- ------------- --------------- ---------------
The performance period relating to the Awards ended on 31 December 2015. Details of the performance conditions and the extent to which they have been satisfied are set out below and on page 87 of the Company's 2015 Annual Report:
Performance Weighting Threshold Maximum Actual % vesting Condition performance performance Performance required (30% required vesting) (100% vesting) ------------- ---------- --------------- ---------------- --------------- ---------- Between median and upper quintile Median of Upper quintile (7(th) TSR ((1) comparator of comparator out of ) 50% group group 15 companies) 46.7% ------------- ---------- --------------- ---------------- --------------- ---------- EPS ((2) 2015 EPS of 2015 EPS ) 50% 22.1p of 24.7p 24.8p 100% ------------- ---------- --------------- ---------------- --------------- ---------- Total 100% 73.4% ------------- ---------- --------------- ---------------- --------------- ----------
1 TSR was measured against a bespoke comparator group of transport companies taken predominantly from the FTSE Industrial Transportation and FTSE Travel & Leisure sectors.
2 The Remuneration Committee considered and agreed changes to the performance conditions for outstanding Awards made under the previous 2005 Long-Term Incentive Plan whereby the growth in EPS for outstanding Awards under this plan would be based on a consistent accounting basis to exclude actual bid costs incurred. This adjustment serves to ensure that the EPS element of the LTIP continues to incentivise and reward delivery of normalised EPS growth now that bid costs, with effect from 1 January 2015, are treated as a normalised expense which has the impact of reducing normalised EPS in 2015 and subsequent years. Bid costs of GBP9.2m for 2015 were added back to the normalised EPS of 23.4p to give an outcome of 24.8p for the LTIP awards tested at the end of the year.
Place of transaction: London
This notification is made in accordance with DTR 3.1.4 R(1).
Joy Baldry
Deputy Company Secretary
14 April 2016
Enquiries:
Maitland
Rebecca Mitchell 07951 057351
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHAKQDQPBKDOQD
(END) Dow Jones Newswires
April 14, 2016 11:48 ET (15:48 GMT)
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