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National Express (NEX)

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Tuesday 06 March, 2012

National Express

Replacement Director/PDMR Shareholding

RNS Number : 7883Y
National Express Group PLC
06 March 2012
 

The following replaces the Directors' Share dealing announcement released at 12.24pm under RNS number 7829Y.

 

The share price has been corrected from 2.39 pence to 239 pence.

 

NATIONAL EXPRESS GROUP PLC ("the Company")

Director's dealings in the Company's ordinary shares of 5p

 

On 25 February 2012 awards to the following Executive Directors under the National Express Group Executive Deferred Bonus Plan (the "Plan"), granted on 25 February 2011 automatically vested as summarised below:

 

Executive Director

Number of shares comprised within the Award

Dean Finch

49,427

Jez Maiden

39,541

 

The Company Announces that on 5 March 2012 Mr Finch sold 25,754 shares at a price of 239 pence per share and retained 23,673 shares.  The shares were sold to meet the tax liability arising on the vesting of the Plan shares. 

 

Mr Finch's total shareholding has increased from 114,579 to 138,252 (0.027% of the total voting rights in the Company).

 

On 5 March 2012 Mr Maiden sold 20,603 shares at a price of 239 pence per share and retained 18,938 shares.  The shares were sold to meet the tax liability arising on the vesting of the Plan shares. 

 

Mr Maiden's total shareholding has increased from 116,347 to 135,285 (0.026% of the total voting rights in the Company).

 

National Express Group PLC was informed by the Executive Directors of the above transaction on 5 March 2012.

 

This notification is made in accordance with DTR 3.1.4 (1)(a).

 

Name and telephone number for queries:

 

Michael Hampson, Company Secretary & General Counsel

 

020 7805 3807

 

For and on behalf of National Express Group PLC

 

Michael Hampson

 

Date: 6 March 2012

 

 


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