National Express Group PLC Director/PDMR Shareholding (4366R)

TIDMNEX

RNS Number : 4366R

National Express Group PLC

29 June 2020

NATIONAL EXPRESS GROUP PLC

("Company")

Notification of transactions by Person Discharging Managerial Responsibilities ("PDMR")

The Company provides notification of transactions effected on 26 June 2020 and 29 June 2020 by the below-named PDMR and his resulting interests in ordinary shares of nominal value of 5 pence each in the capital of the Company ("Shares") (ISIN: GB0006215205):

 
 Name and        Aggregate    Sale price   Beneficial          Interest in        Total other 
  position        number       per Share    interest            Shares held        interest held 
  of PDMR         of Shares                 of PDMR in          under vested       in 
                  sold                      Shares following    but unexercised    Shares (including 
                                            the transaction     share options      under unvested 
                                                                following the      share options) 
                                                                transactions       following the 
                                                                (1)                transactions 
                                                                                   (2) 
                               117,686 
                                Shares 
                                sold at 
                                198.43 
                               pence per 
                                 Share 
 
                                272,891 
                                Shares 
                                sold at 
 Dean Finch,                    192.13 
  Group Chief                  pence per 
  Executive       390,577        Share             -               642,470          1,150,694 (3) 
                -----------  -----------  ------------------  -----------------  ------------------- 
 

(1) The deemed net of tax number of these Shares, assuming exercise of the vested Share options and satisfaction of income tax at a rate of 45% and employees NICs of 2% on such exercise, in which Mr Finch has a beneficial interest is 340,509

(2) These interests represent outstanding awards granted under the Company's Executive Deferred Bonus Plan (EDBP) and the Company's Long-Term Incentive Plan (LTIP)

(3) Approved CSOP awards are made alongside nil cost options awards made under the Company's LTIP where HMRC limits permit. The PDMR's interests in Shares under such approved CSOP awards are not included in these interests but, on their vesting and valid exercise, will have the effect of reducing the PDMR's interests in the vested Shares held under their corresponding nil cost options

 
1.    Details of PDMR / PCA 
       Full Name                        Dean Finch 
      -------------------------------  ------------------------------------------------------- 
       Position / status                Group Chief Executive, PDMR 
      -------------------------------  ------------------------------------------------------- 
       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 
      ---------------------------------------------------------------------------------------- 
       Description of the              Ordinary shares of 5p each 
        financial instrument 
      -------------------------------  ------------------------------------------------------- 
       Identification code             GB0006215205 
      -------------------------------  ------------------------------------------------------- 
       Nature of the transaction        Sale 
      -------------------------------  ------------------------------------------------------- 
       Price (s) and volume(s)                        Price(s)    Volume(s)   Total 
                                                       GBP1.9843   117,686     GBP233,524.33 
                                                      ----------  ----------  -------------- 
                                          Aggregated   GBP1.9843   117,686     GBP233,524.33 
                                                      ----------  ----------  -------------- 
      -------------------------------  ------------------------------------------------------- 
       Date of the transaction          26 June 2020 
      -------------------------------  ------------------------------------------------------- 
       Place of the transaction         London Stock Exchange 
      -------------------------------  ------------------------------------------------------- 
 
 
 
4.    Details of PDMR / PCA 
       Full Name                        Dean Finch 
      -------------------------------  ------------------------------------------------------- 
       Position / status                Group Chief Executive, PDMR 
      -------------------------------  ------------------------------------------------------- 
       Initial notification             Initial notification 
        / amendment 
----  -------------------------------  ------------------------------------------------------- 
5.     Details of the issuer, emission allowance market participant, auction platform, 
        auctioneer or auction monitor 
      ---------------------------------------------------------------------------------------- 
       Name                               National Express Group PLC 
----  ---------------------------------  ----------------------------------------------------- 
       LEI                                213800A8IQEMY8PA5X34 
----  ---------------------------------  ----------------------------------------------------- 
6.     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 
      ---------------------------------------------------------------------------------------- 
       Description of the              Ordinary shares of 5p each 
        financial instrument 
      -------------------------------  ------------------------------------------------------- 
       Identification code             GB0006215205 
      -------------------------------  ------------------------------------------------------- 
       Nature of the transaction        Sale 
      -------------------------------  ------------------------------------------------------- 
       Price (s) and volume(s)                        Price(s)    Volume(s)   Total 
                                                       GBP1.9213   272,891     GBP524,305.48 
                                                      ----------  ----------  -------------- 
                                          Aggregated   GBP1.9213   272,891     GBP524,305.48 
                                                      ----------  ----------  -------------- 
      -------------------------------  ------------------------------------------------------- 
       Date of the transaction          29 June 2020 
      -------------------------------  ------------------------------------------------------- 
       Place of the transaction         London Stock Exchange 
      -------------------------------  ------------------------------------------------------- 
 
 

This above notice is given in fulfilment of the Company's obligation under DTR 3.1 and Article 19 of the EU Market Abuse Regulation 596/2014.

   -     END    - 

National Express contact and telephone number for enquiries:

Jennifer Myram, Company Secretary

[phone]

Melanie Travis, Deputy Company Secretary

[phone]

Notes :

Legal Entity Identifier: 213800A8IQEMY8PA5X34

Classification: 3.1 (with reference to DTR6 Annex 1R)

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June 29, 2020 12:37 ET (16:37 GMT)