Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons
The following information is supplementary to The Go-Ahead Group plc's (the "Group") announcement released on 18 November 2016 at 14.00 with RNS number 5962P:
On 18 November 2016, the Group announced that 90% of the Group Chief Executive, David Brown's, 2013 Long-Term Incentive Plan ("LTIP") award had vested equating to 27,415 shares of which 11,652 shares were sold to cover Tax and NI liabilities. Upon crystallisation of this award, there was a subsequent sale of 1,299 shares required to meet the full Tax and NI liabilities due. Further to the sale on 21 November 2016, David Brown is the beneficial holder of 63,089 shares in the Group, which amounts to 0.15% of the Group's issued share capital.
| Date | Name | Share Plan | Number of shares vested and exercised on 30/11/2016 | Number of shares sold to meet Tax and NI liabilities | Number of shares to be retained and transferred to spouse
| Sale date | Price |
| 16/11/2016 (First sale) | David Brown
| LTIP | 27,415 | 11,652 | 15,763 | 16/11/2016 | £20.333 |
| 21/11/2016 (Second sale) | David Brown | LTIP | - | 1,299 | -1,299 | 21/11/2016 | £20.33 |
| Revised totals | David Brown | LTIP | 27,415 | 12,951 | 14,464 |
| |
The attached notification, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail of the number of shares sold under the LTIP on 21 November 2016.
| 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 | Sale of shares, following the recent vesting and exercise of options under The Go-Ahead Group Long-Term Incentive Plan 2005
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £20.33
| Upon crystallisation of the 2013 LTIP award, a subsequent sale of 1,299 shares was required to meet the full Tax and NI liabilities due. | ||
| d) | Aggregated information
- Aggregated volume
- Price |
1,299 shares For further details, see 'Section C - Volume(s)' above
£20.33
| |
| e) | Date of the transaction |
2016-11-21
| |
| f) | Place of the transaction | London Stock Exchange XLON | |
For further information please contact:
Carolyn Ferguson, Group Company Secretary - 0191 232 3123