18th Nov 2014 12:22
The Go-Ahead Group plc
("The Company")
Director / PDMR Shareholding
Vesting of 2011 Long Term Incentive Plan Award
The Go-Ahead Group plc announces that, following the expiry of the 3 year performance period in respect of the 2011 grant of awards under The Go-Ahead Group Plc's Long Term Incentive Plan 2005 ("LTIP") on 28 June 2014, the Remuneration Committee resolved that the Executive Directors should be awarded ordinary shares of 10p each in the Company equating to 80% of salary out of a maximum potential award of 100%. These awards became eligible for vesting from 31 October 2014, the third anniversary of the date of grant.
Following the awards, each recipient requested that Computershare Trustees (Jersey) Limited, Trustees of The Go-Ahead Group Employee Share Trust, sell sufficient shares to cover their tax and NI liabilities and that the Trustee transfer the balance into their spouses' name as indicated below:-
Executive Director: | Number of shares originally comprised in 2011 LTIP Award | Number of shares vesting (80% of 2011 LTIP Award): | Number of shares sold: | Number of shares retained and transferred into spouse's name: |
David Brown | 35,838 | 28,670 | 13,653 | 15,017 |
Keith Down | 22,936 | 18,348 | 8,726 | 9,622 |
The shares were sold at £24.2025 per share and the remaining balances transferred on 12 November 2014.
Following this announcement, the Executive Directors and their connected persons hold shares as follows:
Name of person discharging managerial responsibilities | Total holding following notification*
| Total percentage holding following notification (treasury shares have not be taken into account when calculating percentage) |
David Brown | 50,329 | 0.12% |
Keith Down | 31,656 | 0.07% |
*Total holding following notification includes unvested deferred shares awarded under the Company's Deferred Share Bonus Plan 2012, but still being held in the deferral period.
For further information please contact:
Carolyn Ferguson, Company Secretary - 0191 232 3123
Related Shares:
GOG.L