Director/PDMR Shareholding

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 position of PDMR	Aggregate number of Shares sold	Sale price per Share	Beneficial interest of PDMR in Shares following the transaction	Interest in Shares held under vested but unexercised share options following the transactions 1	Total other interest held in Shares (including under unvested share options) following the transactions 2
Dean Finch, Group Chief Executive	390,577	117,686 Shares sold at 198.43 pence per Share 272,891 Shares sold at 192.13 pence per 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 / amendment	Initial notification
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 financial instrument	Ordinary shares of 5p each
	Identification code	GB0006215205
	Nature of the transaction	Sale
	Price (s) and volume(s)	Price(s) Volume(s) Total £1.9843 117,686 £233,524.33 Aggregated £1.9843 117,686 £233,524.33
	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 / amendment	Initial notification
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 financial instrument	Ordinary shares of 5p each
	Identification code	GB0006215205
	Nature of the transaction	Sale
	Price (s) and volume(s)	Price(s) Volume(s) Total £1.9213 272,891 £524,305.48 Aggregated £1.9213 272,891 £524,305.48
	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)

 

END

 

 

DSHKKCBNABKDPAB