The Go-Ahead Group plc
("Go-Ahead")
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons
As confirmed in the Annual Report and Accounts for the year ended 30 June 2018, the 2015 grant of awards to David Brown, Group Chief Executive, under The Go-Ahead Group plc Deferred Share Bonus Plan 2012 ("DSBP") became eligible for vesting from 29 October 2018, following the expiry of the three year deferral period. The table below summarises the number of shares exercised, retained and sold to meet tax liabilities on 26 March 2019.
| Name | Share Plan | Number of shares vested and exercised | Number of shares to be retained | Number of shares sold to meet Tax and NI liabilities | Sale date | Price |
| David Brown
| DSBP | 11,331 | 5,951 | 5,380 | 26/3/2019 | £20.0035 |
The notification set out below is made in accordance with the requirements of the EU Market Abuse Regulation and provides further detail of the number of shares exercised and sold on 26 March 2019 in respect of David Brown's 2015 DSBP Award.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | David Brown | |
| 2 | Reason for notification | ||
| a) | Position/status | Group Chief Executive | |
| b) | Initial notification/ Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name |
The Go-Ahead Group plc
| |
| b) | LEI |
2138009TF1SYOMQLBJ60
| |
| 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 10 pence each
GB0003753778 | |
| b) | Nature of the transaction | Exercise and subsequent sale of shares under The Go-Ahead Group plc Deferred Share Bonus Plan 2012. This relates specifically to the vesting of David Brown's 2015 DSBP Award.
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £20.0035
| 5,380 shares were sold to cover Tax and National Insurance liabilities and sale costs, while the balance of 5,951 shares were retained.
| ||
| d) | Aggregated information
- Aggregated volume
- Price |
11,331 shares For further details, see 'Section C - Volume(s)' above
£20.0035
| |
| e) | Date of the transaction |
2019-03-26
| |
| f) | Place of the transaction | London Stock Exchange XLON | |
For further information please contact:
Carolyn Ferguson, Group Company Secretary - 0191 232 3123