Mobico Group PLC (formerly: National Express Group)

Transaction in Own Shares • Mar 8, 2019

National Storage Mechanism | Additional information

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RNS Number : 3449S

National Express Group PLC

08 March 2019

National Express Group PLC

8 March 2019

NATIONAL EXPRESS GROUP PLC

("Company")

Notification of transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

The Company provides notification of the following transactions, all effected on 8 March 2019 on the London Stock Exchange, relating to the three below named PDMRs and their respective 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 acquisition and immediate sale (in whole or in part) of the forfeitable Shares awarded to the PDMRs on 8 March 2018 under the rules of the Company's Executive Deferred Bonus Plan ("EDBP") and relating to the one-year deferred element of their 2017 annual bonus, and (ii) the forfeitable Shares awarded to the PDMRs on 8 March 2019 under the rules of the Company's EDBP and relating to the one-year deferred element of their 2018 annual bonus.

Individual PDMR details are set out in the table below:

Name and position of PDMR	Number of forfeitable Shares acquired and sold as per (i) above ¹ ²	Number of forfeitable Shares awarded as per (ii) above ¹ ³	Total beneficial interest held in Shares following the transactions ⁴	Total other interest held in Shares following the transactions ⁵
Dean Finch, Group Chief Executive	119,939 shares acquired and all sold at 431.4 pence per share	97,302	254,683	1,319,465
Chris Davies, Group Finance Director	24,708 shares acquired and 11,637 sold at 431.4 pence per share	29,673	16,071	384,055
Matthew Ashley, President and CEO, North America	37,021 shares acquired and all sold at 431.4 pence per share	18,263	124,278	453,190

¹ Malus and clawback apply to forfeitable Shares awarded under the EDBP for two-years from the date of award, including post termination of employment

² The Shares sold included those compulsorily sold to cover the immediate personal tax and social security liability arising on vesting. All Shares delivered to the individual are existing Shares through the Company's Employee Benefit Trust

³ The forfeitable Shares awarded were determined based on a share price of 429.2 pence, being the average mid-market price of a Company share for the five business days immediately preceding the date of award

⁴ Including those held by connected persons

⁵ Represents outstanding awards granted under the Company's EDBP and Long-Tern Incentive Plan

Each PDMR hold shares to a value in excess of their required level under the Company's shareholding guidelines (proportionate to service in the case of Chris Davies).

The Company can confirm that each of the PDMRs has complied with their respective obligation to notify the Financial Conduct Authority in respect of the above transactions as required under the EU Market Abuse Regulation.

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National Express contact and telephone number for enquiries:

Michael Arnaouti, Deputy Company Secretary

++44 (0) 207 805 3805

Notes:

Legal Entity Identifier: 213800A8IQEMY8PA5X34

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

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