RNS Number : 2852X
Go-Ahead Group PLC
22 November 2017
 

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 1 July 2017, the 2014 grant of awards to David Brown, Group Chief Executive, under The Go-Ahead Group Long-Term Incentive Plan 2005 ("LTIP") became eligible for vesting from 5 November 2017, the third anniversary of the date of grant.  The shares awarded to David Brown on 5 November 2014 under The Go-Ahead Group plc Deferred Share Bonus Plan 2012 ("DSBP") also became eligible to vest from 5 November 2017, following the expiry of the three year deferral period: 

Name

Share Plan

Number of shares

vested and exercised

Number of shares to be retained and transferred immediately to spouse

 

Number of shares sold to meet tax liabilities

Sale date

Price

David Brown

 

LTIP

11,520

6,076

5,444

22/11/2017

£16.23

David Brown

 

DSBP

15,601

8,229

7,372

22/11/2017

£16.23

 

The attached notification, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail of the number of shares exercised and sold under the DSBP and LTIP on 22 November 2017.

 

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 options under the following plans:

1) The Go-Ahead Group Long-Term Incentive Plan 2005

2) The Go-Ahead Group plc Deferred Share Bonus Plan 2012

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1) £16.23

2) £16.23

 

1)     5,444 shares were sold to cover Tax and National Insurance liabilities and sale costs, while the balance of 6,076 shares were retained and immediately transferred in into the name of David Brown's spouse, Gretchen Fisher.

2)     7,372 shares were sold to cover Tax and National Insurance liabilities and sale costs, while the balance of 8,229 shares were retained and immediately transferred in into the name of David Brown's spouse, Gretchen Fisher.

 

d)

Aggregated information

 

 - Aggregated volume

 

 

 

 

- Price

 

 

 

1) 11,520 shares

2) 15,601 shares

For further details, see 'Section C - Volume(s)' above

 

 

 

1) £16.23

2) £16.23

e)

Date of the transaction

 

2017-11-22

 

f)

Place of the transaction

London Stock Exchange XLON

 

For further information please contact:

Carolyn Ferguson, Group Company Secretary - 0191 232 3123

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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