1st Sep 2008 09:44
Grant of SAYE options
Stagecoach Group plc ("the Company") has invited its eligible UK employees to
apply for share options over Ordinary Shares in the Company under the terms of
the Stagecoach Sharesave Scheme ("the SAYE Scheme"). Based on the applications
received, share options have been granted today, 1 September, 2008.
The exercise price of the share options is £2.51775 per Ordinary Share, being a
10% discount to the closing mid share price on 4 August 2008 of £2.7975, being the last
dealing day prior to the invitation to employees. The options are exercisable
between 1 October 2011 and 31 March 2012, subject to the conditions of the
rules of the SAYE Scheme.
As part of the above arrangements, options over a total of 9,124,562 Ordinary Shares have today been granted, including the following share options granted to a director and other persons discharging management responsibility:
|
Persons Discharging Managerial Responsibility |
Number of shares under option |
Exercise Price £ |
Exercisable from: |
|
Martin Griffiths |
3,733 |
£2.51775 |
1 October 2011 |
|
Ross Paterson |
3,733 |
£2.51775 |
1 October 2011 |
|
Les Warneford |
3,733 |
£2.51775 |
1 October 2011 |
|
Ian Dobbs |
3,733 |
£2.51775 |
1 October 2011 |
The transactions have been notified in accordance with the Disclosure and Transparency Rules, DTR 3.1.4R(1)(a). Following these transactions, the individuals' 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 share options |
Number of deferred Ordinary shares held under the Executive Participation Plan |
|
Martin Griffiths |
19,350 |
< 0.01% |
3,733 |
234,275 |
|
Ross Paterson |
96,293 |
< 0.01% |
55,745 |
156,918 |
|
Les Warneford |
80,290 |
< 0.01% |
3,733 |
135,734 |
|
Ian Dobbs |
NIL |
NIL |
3,733 |
118,146 |
In addition, the individuals listed above are potential beneficiaries of the Stagecoach Group Employee Benefit Trust 2003 and the Stagecoach Group Qualifying Employee Share Trust, which together hold 4,412,943 Ordinary Shares of 56/57th pence each, representing 0.61% of the total Ordinary Shares in issue.
CONTACTS:
Telephone
Steven Stewart, Director of Corporate Communications 01738 442 111
1 September 2008
Related Shares:
SGC.L