1st Jul 2008 17:39
The following amendment has been made to the 'Director/PDMR Shareholding' announcement released on June 30, 2008 at 16:54 under RNS No 9316X.
All other details remain unchanged.
The full amended text is shown below.
CORRECTION
Exercise of Executive Share Options
Stagecoach Group plc ("the Company") has been notified today, 30 June 2008, of the following transactions in the securities of the Company by a person discharging managerial responsibility. The transactions have been notified in accordance with Disclosure Rule 3.1.4R(1)(a).
The undermentioned employee exercised Executive Share Options over Ordinary Shares of 56/57th pence each in the Company.
The Executive Share Options exercised were as follows:
|
Name |
Original Date of Grant |
Number of Ordinary Shares Under Option |
Option Price Per Share £ |
Total Option Value £ |
|
Ross Paterson |
25/06/2004 |
78,717 |
0.8575 |
67,500 |
|
10/12/2004 |
22,421 |
1.1150 |
24,999 |
The 101,138 Ordinary Shares of 56/57th pence each exercised were then sold at an average price of £2.7948 per share, resulting in total proceeds of £282,660 before deducting transaction costs and taxes.
Following these transactions, the individual's interests in the securities of the Company are as follows:
|
Name |
Number of Ordinary Shares held |
% of Ordinary Shares in issue |
Number of Ordinary Shares Held Under Options |
Number of Deferred Ordinary Shares Under Executive Participation Plan |
|
Ross Paterson |
96,293 |
0.01% |
52,012 |
156,918 |
In addition, Ross Paterson is a potential beneficiary of the Stagecoach Group Employee Benefit Trust 2003 and the Stagecoach Group Qualifying Employee Share Trust, which together hold 5,272,992 Ordinary Shares of 56/57th pence each, representing 0.7% of the total Ordinary Shares in issue.
For further information, please contact:
Stagecoach Group plc www.stagecoachgroup.com
Steven Stewart, Director of Corporate Communications 01738 442111
1 July 2008
Related Shares:
SGC.L