TIDMNEX

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        Number of           Number of      Beneficial             Total other 
  of PDMR                  Shares Purchased    Shares over    interest held          interest 
                                               which the      in Shares following    held in 
                                               2022 LTIP      the transactions       Shares following 
                                               Award was      (3)                    the transactions 
                                               granted (2) 
 
   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.

Represents outstanding awards granted under the Company's LTIP.

 
     Details of PDMR / PCA 
 1. 
      Full Name                    Simon Callander 
     ---------------------------  --------------------------------------------------------- 
      Position / status            Group General Counsel & Company Secretary, PDMR 
     ---------------------------  --------------------------------------------------------- 
      Initial notification         Initial notification 
       / amendment 
---  ---------------------------  --------------------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
 2.    auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------------------- 
      Name                           National Express Group PLC 
---  -----------------------------  ------------------------------------------------------- 
      LEI                            213800A8IQEMY8PA5X34 
---  -----------------------------  ------------------------------------------------------- 
      Details of the transaction(s): section to be repeated for (i) 
 3.    each type of instrument; (ii) each type of transaction; (iii) 
       each date; and (iv) each place where transactions have been conducted 
     -------------------------------------------------------------------------------------- 
      Description of the          Ordinary shares of 5p each 
       financial instrument 
     ---------------------------  --------------------------------------------------------- 
      Identification code         GB0006215205 
     ---------------------------  --------------------------------------------------------- 
      Nature of the transaction    Purchase of shares 
     ---------------------------  --------------------------------------------------------- 
      Price (s) and volume(s)                    Price(s)       Volume(s)   Total 
                                     (i)          GBP 1.88467    25,000      GBP47,116.75 
                                                 -------------  ----------  ------------- 
                                     (ii)         GBP 1.886289   25,000      GBP47,157.23 
                                                 -------------  ----------  ------------- 
                                     Aggregated                  50,000      GBP94,273.98 
                                                 -------------  ----------  ------------- 
     ---------------------------  --------------------------------------------------------- 
      Date of the transaction      11 August 2022 
     ---------------------------  --------------------------------------------------------- 
      Place of the transaction     London Stock Exchange 
     ---------------------------  --------------------------------------------------------- 
 
 
 
     Details of PDMR / PCA 
 1. 
      Full Name                    Simon Callander 
     ---------------------------  -------------------------------------------------- 
      Position / status            Group General Counsel & Company Secretary, PDMR 
     ---------------------------  -------------------------------------------------- 
      Initial notification         Initial notification 
       / amendment 
---  ---------------------------  -------------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
 2.    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------- 
      Name                           National Express Group PLC 
---  -----------------------------  ------------------------------------------------ 
      LEI                            213800A8IQEMY8PA5X34 
---  -----------------------------  ------------------------------------------------ 
      Details of the transaction(s): section to be repeated for (i) 
 3.    each type of instrument; (ii) each type of transaction; (iii) 
       each date; and (iv) each place where transactions have been conducted 
     ------------------------------------------------------------------------------- 
      Description of the          Ordinary shares of 5p each 
       financial instrument 
     ---------------------------  -------------------------------------------------- 
      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 
                                      GBP 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

+44 (0) 7795 232 708

Gillian Saunderson, Deputy Company Secretary

+44 (0) 7506 642 348

Notes:

Legal Entity Identifier: 213800A8IQEMY8PA5X34

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

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END

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August 15, 2022 07:54 ET (11:54 GMT)

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