Mobico Group PLC (formerly: National Express Group)

Director's Dealing • Jun 29, 2020

National Storage Mechanism | Additional information

RNS Number : 4366R

National Express Group PLC

29 June 2020

NATIONAL EXPRESS GROUP PLC

("Company")

Notification of transactions by Person Discharging Managerial Responsibilities ("PDMR")

The Company provides notification of transactions effected on 26 June 2020 and 29 June 2020 by the below-named PDMR and his resulting interests in ordinary shares of nominal value of 5 pence each in the capital of the Company ("Shares") (ISIN: GB0006215205):

Name and position of PDMR	Aggregate number of Shares sold	Sale price per Share	Beneficial interest of PDMR in Shares following the transaction	Interest in Shares held under vested but unexercised share options following the transactions 1	Total other interest held in Shares (including under unvested share options) following the transactions 2
Dean Finch, Group Chief Executive	390,577	117,686 Shares sold at 198.43 pence per Share 272,891 Shares sold at 192.13 pence per Share	-	642,470	1,150,694 3

1 The deemed net of tax number of these Shares, assuming exercise of the vested Share options and satisfaction of income tax at a rate of 45% and employees NICs of 2% on such exercise, in which Mr Finch has a beneficial interest is 340,509

2 These interests represent outstanding awards granted under the Company's Executive Deferred Bonus Plan (EDBP) and the Company's Long-Term Incentive Plan (LTIP)

3 Approved CSOP awards are made alongside nil cost options awards made under the Company's LTIP where HMRC limits permit. The PDMR's interests in Shares under such approved CSOP awards are not included in these interests but, on their vesting and valid exercise, will have the effect of reducing the PDMR's interests in the vested Shares held under their corresponding nil cost options

1.           

Details of PDMR / PCA

Full Name

Dean Finch

Position / status

Group Chief Executive, PDMR

Initial notification / amendment

Initial notification

2.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

National Express Group PLC

LEI

213800A8IQEMY8PA5X34

3.

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

Description of the financial instrument

Ordinary shares of 5p each

Identification code

GB0006215205

Nature of the transaction

Sale

Price(s) and volume(s)

	Price(s)	Volume(s)	Total
	£1.9843	117,686	£233,524.33
Aggregated	£1.9843	117,686	£233,524.33

Date of the transaction

26 June 2020

Place of the transaction

London Stock Exchange

4.           

Details of PDMR / PCA

Full Name

Dean Finch

Position / status

Group Chief Executive, PDMR

Initial notification / amendment

Initial notification

5.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

National Express Group PLC

LEI

213800A8IQEMY8PA5X34

6.

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

Description of the financial instrument

Ordinary shares of 5p each

Identification code

GB0006215205

Nature of the transaction

Sale

Price(s) and volume(s)

	Price(s)	Volume(s)	Total
	£1.9213	272,891	£524,305.48
Aggregated	£1.9213	272,891	£524,305.48

Date of the transaction

29 June 2020

Place of the transaction

London Stock Exchange

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:

Jennifer Myram, Company Secretary

+44 (0) 207 805 3807

Melanie Travis, 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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