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 2 July 2016, the 2013 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 30 October 2016, the third anniversary of the date of grant. The shares awarded to David Brown on 30 October 2013 under The Go-Ahead Group plc Deferred Share Bonus Plan 2012 ("DSBP") have also, following the expiry of the three year deferral period, became eligible to vest from 30 October 2016:
| Name | Share Plan | Number of shares vested and exercised | Number of shares to be retained and transferred to spouse
| Number of shares sold to meet tax liabilities | Sale date | Price | Beneficial holding in the Group | % of ISC |
| David Brown
| LTIP | 27,415 | 15,763 | 11,652 | 16/11/2016 | £20.333 | 64,388 |
0.15%
|
| David Brown
| DSBP | 4,432 | 2,326 | 2,106 | 16/11/2016 | £20.333 |
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 16 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 | 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) £20.333 2) £20.333
| 1) 11,652 shares were sold to cover Tax and National Insurance liabilities and sale costs, while the balance of 15,763 shares were retained in David Brown's name and will shortly be transferred to his spouse. 2) 2,106 shares were sold to cover Tax and National Insurance liabilities and sale costs, while the balance of 2,326 shares were retained in David Brown's name and will shortly be transferred to his spouse.
| ||
| d) | Aggregated information
- Aggregated volume
- Price |
1) 27,415 shares 2) 4,432 shares For further details, see 'Section C - Volume(s)' above
1) £20.333 2) £20.333 | |
| e) | Date of the transaction |
2016-11-16
| |
| f) | Place of the transaction | London Stock Exchange XLON | |
For further information please contact:
Carolyn Ferguson, Group Company Secretary - 0191 232 3123