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National Express (NEX)

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Wednesday 31 December, 2008

National Express

Director/PDMR Shareholding

RNS Number : 9488K
National Express Group PLC
31 December 2008
 




COMPANY ANNOUNCEMENT


NATIONAL EXPRESS GROUP PLC

(the 'Company')



The Company was advised on 30 December 2008 of certain dealings in its share capital by European Express Enterprises Limited ('EEEL'), a company which is a connected person (as defined in section 96(B)(2) of the Financial Services and Markets Act 2000) of Jorge Cosmen, a Director of the Company.


On the dates set out below EEEL purchased the following ordinary shares of 5p each in the Company at the stated average prices:


Date of Acquisition


Average Price

Number of Shares

24 December 2008

450.79p

10,371

29 December 2008

475.36p

1,076,545

30 December 2008

474.71p

172,944



 As a result Jorge Cosmen now has an interest in 28,340,119 ordinary shares of the Company amounting to 18.54% of the issued share capital of the Company.


Additionally, EEEL on 22 December created security over a total of 11,650,000 ordinary shares of 5 pence each in the Company against loans made to EEEL. The secured shares, which represent approximately 7.5% of the Company's issued share capital, are charged pursuant to a loan facility agreement dated 22 December, 2008 between EEEL and BNP Paribas Bank. 


No security exists over the balance of EEEL's shareholding in the Company.


The Company's close period will start tomorrow, 1 January 2009.


Enquiries:


National Express Group PLC

Nicole Lander, Communications Director: 0121 460 8419

Tony McDonald, Group Company Secretary: 020 7506 4325 







This information is provided by RNS
The company news service from the London Stock Exchange
 
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