Director/PDMR Shareholding

RNS Number : 2554E

National Express Group PLC

16 December 2009

 



THIS ANNOUNCEMENT (AND THE INFORMATION CONTAINED HEREIN) IS NOT FOR FORWARDING, RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

16 December 2009

NATIONAL EXPRESS GROUP PLC

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS

In accordance with DTR 3.1.4R (1)(a) National Express Group PLC (the 'Company') announces the following transactions in respect of its ordinary share capital of 5 pence each by directors and persons discharging managerial responsibility ('PDMRs') of the Company or their connected persons, who took up their rights following the recent rights issue.

Name of director or PDMR	John Devaney	Jez Maiden	Ray O'Toole	Jorge Cosmen		Roger Devlin
Name of director or PDMR	John Devaney	Jez Maiden	Ray O'Toole	Jorge Cosmen		Roger Devlin
Holding in respect of shareholder or non-beneficial interest of spouse or children	Holding in respect of director	Holding in respect of director	Holding in respect of director	Holding in respect of connected persons	Holding in respect of connected persons	Holding in respect of director
Name(s) of registered holder(s)	HSBC Direct	Barclays Stockbrokers Nominees	Ray O'Toole and Susan Ellen O'Toole	European Express Enterprises Ltd ("EEEL") BNP Paribas Securities Services and Lynchwood Nominees on behalf of EEEL	BNP Paribas Securities Services and HSBC Client Holdings Nominees on behalf of Northern Express Enterprises Ltd ("NEEL")	Roger Devlin
Connected person(s)	No	No	No	EEEL	NEEL	No
Nature of transaction	Subscription for ordinary shares	Subscription for ordinary shares	Subscription for ordinary shares	Subscription for ordinary shares	Subscription for ordinary shares	Subscription for ordinary shares
Number of shares acquired	46,666	37,333	73,180	65,930,743	4,493,895	14,641
Percentage of issued class	0.009%	0.007%	0.014%	12.926%	0.881%	0.003%
Class of security	Ordinary shares of 5p each	Ordinary shares of 5p each	Ordinary shares of 5p each	Ordinary shares of 5p each	Ordinary shares of 5p each	Ordinary shares of 5p each
Price per share acquired	105p	105p	105p	105p	105p	105p
Date and place of transaction	15 December 2009, London	15 December 2009, London	15 December 2009, London	15 December 2009, London	15 December 2009, London	15 December 2009, London
Date company informed	15 December 2009	15 December 2009	15 December 2009	15 December 2009	15 December 2009	15 December 2009

On 15 December 2009, the Company was notified of the following disposals of shares by persons connected to Jorge Cosmen: 

Date of Sale	Sale Price	Number of Shares	Name of Registered Shareholder
11 December 2009	£1.8456	2,340,752	BNP Paribas Securities Services on behalf of EEEL
14 December 2009	£1.8260	1,664,226	BNP Paribas Securities Services on behalf of NEEL
14 December 2009	£1.8538	760,977	Lynchwood Nominees on behalf of EEEL
15 December 2009	£1.8189	3,248,700	EEEL

As a result of the above transactions, the interests of the above named directors and their connected persons, as notified to the Company on 15 December 2009, were as follows: 

Name of director or PDMR	John Devaney	Jez Maiden	Ray O'Toole	EEEL and NEEL as connected persons of Jorge Cosmen	Roger Devlin
Total shareholding following this notification	66,666	77,255	146,757	92,591,971	20,916
Total percentage holding of issued class following this notification	0.013%	0.015%	0.029%	18.153%	0.004%

Name of contact and telephone number for queries:

Tony McDonald, Company Secretary & Group Legal Director

020 7506 4325

For and on behalf of National Express Group PLC

A J McDonald

IMPORTANT NOTICE:

This announcement is for information purposes only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell, issue, or subscribe for any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Persons into whose possession this announcement or any such document comes should inform themselves about and observe any relevant legal restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

The information contained herein is not for forwarding, publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). These materials do not contain or constitute an offer for sale or the solicitation of an offer to purchase securities in the United States. The securities referred to herein (the "Securities") have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") or with any securities regulatory authority of any state or jurisdiction of the United States, and may not be offered or sold in the United States absent registration under the Securities Act or an available exemption from, or transaction not subject to, the registration requirements of the Securities Act. There will be no public offer of the Securities in the United States.

This announcement has been prepared for the purposes of complying with applicable law and regulation in the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of the United Kingdom.

 

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