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Stagecoach Group PLC (SGC)

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Monday 21 October, 2019

Stagecoach Group PLC

Director/PDMR Shareholding

Director/PDMR Shareholding

21 October 2019

Stagecoach Group plc (the "Company") has today been notified of transactions in the holding structure by which Sir Brian Souter (a director of the Company) holds his and his families' interests in the Company's ordinary shares of 125/228th pence each ("Ordinary Shares").

There has been no change to either (a) the aggregate number of Ordinary Shares in which Sir Brian Souter and persons closely associated with him have an interest; or (b) the number of voting rights exercisable by Sir Brian Souter (as determined in accordance with the Disclosure Guidance and Transparency Rules).

On 21 October 2019, Sir Brian Souter transferred a number of shares in Souter Investments Limited ("SIL") to the trustees of The Souter Charitable Trust ("SCT").  SIL is the ultimate holding company of HGT Finance B Limited which, itself, holds Ordinary Shares.  As a result of these steps, the ultimate economic interests of Sir Brian Souter and SCT in the Ordinary Shares have changed. The table set out below shows such changes in ultimate economic interests in Ordinary Shares and further details are set out in the notifications set out at the end of this announcement (which are made in accordance with the EU Market Abuse Regulation).

The number of Ordinary Shares held by HGT Finance B Limited (as more particularly described in the Company's announcement of 5 March 2015) has not changed and Sir Brian Souter will continue to exercise the voting rights in connection with the Ordinary Shares held by HGT Finance B Limited as a result of his shareholding in, and membership of the board of, SIL.

For further information, please contact:

Stagecoach Group plc
www.stagecoach.com
Mike Vaux, Company Secretary
01783 442111

Change in ultimate economic interests in Ordinary Shares

NameChange in ultimate economic interests in Ordinary Shares
Sir Brian SouterDecrease from 73,580,566 to 49,053,711
The Souter Charitable TrustIncrease from NIL to 24,526,855



Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons

1.   Details of the person discharging managerial responsibilities/person closely associated
(a)   NameSir Brian Souter
2.   Reason for the notification
(a)   Position/statusSir Brian Souter is the Chairman of the Company
(b)   Initial notification/ AmendmentThis is an initial notification
3.   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)   NameStagecoach Group plc
(b)   LEI4L663LRNTBQ008OK2N07
4.   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
(a)   Description of the financial instrument, type of instrument Identification codeOrdinary shares of 125/228p
ISIN: GB00B6YTLS95
(b)   Nature of the transactionThe gift by the person making this notification of shares in the ultimate holding company of HGT Finance B Limited, which itself holds Ordinary Shares, and through which the person making this notification has an interest in those Ordinary Shares. No Ordinary Shares have been transferred as a result of the transaction. However, the ultimate economic interest in the Ordinary Shares of the person subject to this notification has decreased from 73,580,566 Ordinary Shares to 49,053,711 Ordinary Shares.
(c)   Price(s) and volume(s)Price(s)Volume(s)
 Ordinary SharesN/A24,526,855
(d)   Aggregated information
- Aggregated volume
- Price
N/A
(e)   Date of the transaction21 October 2019
(f)   Place of the transactionXLON




1.   Details of the person discharging managerial responsibilities/person closely associated
(a)   NameThe Souter Charitable Trust (being a person closely associated with Sir Brian Souter) 
2.   Reason for the notification
(a)   Position/statusSir Brian Souter is the Chairman of the Company
(b)   Initial notification/ AmendmentThis is an initial notification
3.   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)   NameStagecoach Group plc
(b)   LEI4L663LRNTBQ008OK2N07
4.   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
(a)   Description of the financial instrument, type of instrument Identification codeOrdinary shares of 125/228p
ISIN: GB00B6YTLS95
(b)   Nature of the transactionThe gift to the person making this notification of shares in the ultimate holding company of HGT Finance B Limited, which itself holds Ordinary Shares. No Ordinary Shares have been transferred as a result of the transactions. However, the ultimate economic interest in the Ordinary Shares of the person subject to this notification has increased from NIL Ordinary Shares to 24,526,855 Ordinary Shares.
(c)   Price(s) and volume(s)Price(s)Volume(s)
 Ordinary SharesN/A24,526,855
(d)   Aggregated information
- Aggregated volume
- Price
N/A
(e)   Date of the transaction21 October 2019
(f)   Place of the transactionXLON


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