Director/PDMR Shareholding
Stagecoach Group plc
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Persons Closely Associated with them
Stagecoach Group plc 2013 Executive Participation Plan (the “EPP”)
Granting of EPP Awards for 2019
On 27 June 2019, each of the directors/ persons discharging managerial responsibilities (“PDMR”s) set out below was granted new Deferred Share awards under the EPP. The transactions have been notified in accordance with the requirements of the EU Market Abuse Regulation.
The EPP awards are notional interests in Ordinary Shares of 125/228thp in the Company (“Deferred Shares”) together with an entitlement to receive a payment on vesting in respect of any dividends declared on the Deferred Shares throughout the vesting period. The awards were made on 27 June 2019 and are subject to a restricted period of three years from the date of grant. The awards will generally vest on the expiry of this three-year period and the normal date of vesting will be 27 June 2022.
The awards made were as follows:
| Name of director/ PDMR | Number of Deferred Shares awarded |
| Martin Griffiths (Director) | 350,247 |
| Ross Paterson (Director) | 233,516 |
| Mark Threapleton (PDMR) | 58,704 |
The announcement on the granting of EPP Awards, including the notifications below, are made in accordance with the requirements of the EU Market Abuse Regulation.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Martin Griffiths | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Executive | |||
| b) | Initial notification/ Amendment | This is an initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Stagecoach Group plc | |||
| b) | LEI | 4L663LRNTBQ008OK2N07 | |||
| 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 code | Ordinary Shares of 125/228p ISIN: GB00B6YTLS95 | |||
| b) | Nature of the transaction | Award by Stagecoach Group plc, for nil consideration, of 350,247 Deferred Shares, being notional interests in Ordinary Shares of 125/228thp in the Company under the Stagecoach Group plc 2013 Executive Participation Plan. The Award made on 27 June 2019, is subject to a restricted period of three years from the date of grant. The normal date of vesting of the Award will be 27 June 2022. | |||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| Deferred Share award | Nil consideration | 350,247 | |||
| d) | Aggregated information — Aggregated volume — Price | Not Applicable | |||
| e) | Date of the transaction | 2019-06-27 | |||
| f) | Place of the transaction | Outside a trading venue | |||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||
| a) | Name | Ross Paterson | ||
| 2 | Reason for the notification | |||
| a) | Position/status | Finance Director | ||
| b) | Initial notification/ Amendment | This is an initial notification | ||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
| a) | Name | Stagecoach Group plc | ||
| b) | LEI | 4L663LRNTBQ008OK2N07 | ||
| 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 code | Ordinary Shares of 125/228p ISIN: GB00B6YTLS95 | ||
| b) | Nature of the transaction | Award by Stagecoach Group plc, for nil consideration, of 233,516 Deferred Shares, being notional interests in Ordinary Shares of 125/228thp in the Company under the Stagecoach Group plc 2013 Executive Participation Plan. The Award made on 27 June 2019, is subject to a restricted period of three years from the date of grant. The normal date of vesting of the Award will be 27 June 2022. | ||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
| Deferred Share Award | Nil consideration | 233,516 | ||
| d) | Aggregated information — Aggregated volume — Price | Not Applicable | ||
| e) | Date of the transaction | 2019-06-27 | ||
| f) | Place of the transaction | Outside a trading venue | ||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||
| a) | Name | Mark Threapleton | ||
| 2 | Reason for the notification | |||
| a) | Position/status | Chief Operating Officer | ||
| b) | Initial notification/ Amendment | This is an initial notification | ||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
| a) | Name | Stagecoach Group plc | ||
| b) | LEI | 4L663LRNTBQ008OK2N07 | ||
| 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 code | Ordinary Shares of 125/228p ISIN: GB00B6YTLS95 | ||
| b) | Nature of the transaction | Award by Stagecoach Group plc, for nil consideration, of 58,704 Deferred Shares, being notional interests in Ordinary Shares of 125/228thp in the Company under the Stagecoach Group plc 2013 Executive Participation Plan. The Award made on 27 June 2019, is subject to a restricted period of three years from the date of grant. The normal date of vesting of the Award will be 27 June 2022. | ||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
| Deferred Share Award | Nil consideration | 58,704 | ||
| d) | Aggregated information — Aggregated volume — Price | Not Applicable | ||
| e) | Date of the transaction | 2019-06-27 | ||
| f) | Place of the transaction | Outside a trading venue | ||
For further information, please contact:
Analysts
Martin Griffiths, Chief Executive 01738 442111
Ross Paterson, Finance Director 01738 442111
Media
Steven Stewart, Director of Corporate Communications 07764 774680
28 June 2019
