RNS Number : 8883W
Go-Ahead Group PLC
17 November 2017

The Go-Ahead Group plc

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility

On 17 November 2017, The Go-Ahead Group plc granted conditional share awards under The Go-Ahead Group Long Term Incentive Plan 2015 ("LTIP") in accordance with the LTIP rules to the executive directors as follows:

Name

Number of share awards granted under LTIP on 17 November 2017

David Brown, Group Chief Executive

49,993

Patrick Butcher, Group Chief Financial Officer

22,762

The targets of the long-term incentive award are set out below and will be measured over the three-year performance period commencing with the start of the 2017/18 financial period and ending with the end of the 2019/20 financial period:

EPS payout (% of element)

Compound annual growth in EPS

Payout (% of TSR element)

Relative TSR vs FTSE 250 (excluding certain sectors)

Payout (% of each customer element)

Rail customer service target

Bus customer service target

Weighting

(% of total award)

-

40%

-

40%

-

10%

10%

Below threshold

0%

Less than RPI +2% p.a.

0%

Below median

0%

Less than 82%

Less than 90%

Threshold

10%

RPI + 2% p.a.

25%

Median

10%

82%

90%

Between threshold and maximum

Between 10% and 100%

Between RPI 2% p.a. and RPI 10% p.a.

Between 25% and 100%

Between median and upper quartile

Between 10% and 100%

Between 82% and 86%

Between 90% and 93%

Maximum

100%

RPI + 10% p.a.

100%

Upper quartile

100%

86%

93%

This LTIP award will be subject to recovery and withholding provisions for three years following vesting and an additional

two year holding period following the vesting of awards will also apply.

This notification is made in accordance with the requirement of the EU Market Abuse Regulation.

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

Grant of conditional share awards under The Go-Ahead Group Long Term Incentive Plan 2015 subject to a three year deferral period and continued employment

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.00

49,993 conditional share awards

d)

Aggregated information

- Aggregated volume

- Price

49,993 conditional share awards

0.00

e)

Date of the transaction

2017-11-17

f)

Place of the transaction

N/A

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Patrick Butcher

2

Reason for notification

a)

Position/status

Group Chief Financial Officer

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

Grant of conditional share award under The Go-Ahead Group Long Term Incentive Plan 2015 subject to a three year deferral period and continued employment.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.00

22,762 conditional share awards

d)

Aggregated information

- Aggregated volume

- Price

22,762 conditional share awards

0.00

e)

Date of the transaction

2017-11-17

f)

Place of the transaction

N/A

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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