Director/PDMR Shareholding

RNS Number : 0566W

National Express Group PLC

15 August 2022

 

NATIONAL EXPRESS GROUP PLC

 ("Company")

Director/PDMR Share Dealing

The Company provides notification of the following transactions relating to the below named Person Discharging Managerial Responsibilities ("PDMR") and his interests in the ordinary shares of nominal value 5p each in the capital of the Company ("Shares") (ISIN: GB0006215205).

The transactions arise in respect of: (i) the purchase of 50,000 Shares by Simon Callander, the Group General Counsel & Company Secretary, on 11 August 2022; and (ii) the grant on 15 August 2022 under and in accordance with the rules of the Company's Long-Term Incentive Plan (" LTIP ") to Simon Callander of three-year performance conditioned nil-cost options over Shares (the "2022 LTIP Award").  

PDMR and transaction details are set out in the table below:

Name and position of PDMR	Number of Shares Purchased	Number of Shares over which the 2022 LTIP Award was granted ²	Beneficial interest held in Shares following the transactions ³	Total other interest held in Shares following the transactions ⁴
Simon Callander, Group General Counsel and Company Secretary	50,000 ¹	207,778	50,000	207,778

¹ 25,000 of the Shares were purchased at a share price of 188.467 pence per Share and 25,000 were purchased at a share price of 188.6289 pence per Share.

² The conversion of the 2022 LTIP Award value into the number of Shares over which it was granted is based on the middle market quotation of a Share on 18 March 2022 of 240.40 pence per Share. The 2022 LTIP Awards are shown over the maximum number of Shares which can vest

³ Including those held by connected persons.

⁴ Represents outstanding awards granted under the Company's LTIP.

1.	Details of PDMR / PCA
	Full Name	Simon Callander
	Position / status	Group General Counsel & Company Secretary, 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	Purchase of shares
	Price (s) and volume(s)	Price(s) Volume(s) Total (i) £ 1.88467 25,000 £47,116.75 (ii) £ 1.886289 25,000 £47,157.23 Aggregated 50,000 £94,273.98
	Date of the transaction	11 August 2022
	Place of the transaction	London Stock Exchange

1.	Details of PDMR / PCA
	Full Name	Simon Callander
	Position / status	Group General Counsel & Company Secretary, 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	Award of nil cost option over shares under the National Express Group PLC Long-Term Incentive Plan
	Price (s) and volume(s)	Price(s) Volume(s) Total £ n/a 207,778 0.00
	Date of the transaction	15 August 2022
	Place of the transaction	n/a

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:

Simon Callander, Group General Counsel & Company Secretary

[phone]

Gillian Saunderson, Deputy Company Secretary

[phone]

Notes:

Legal Entity Identifier: 213800A8IQEMY8PA5X34

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

 

END

 

 

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