9th Nov 2015 14:30
The Go-Ahead Group plc
("The Company")
Director / PDMR Shareholding
The Go-Ahead Group plc Long Term Incentive Plan 2005 (the "LTIP")
Vesting of LTIP 2012 Award
The Go-Ahead Group plc announces that, following the expiry of the 3 year performance period in respect of the 2012 grant of awards under the LTIP on 27 June 2015, the Remuneration Committee resolved that the Executive Directors were entitled to receive the maximum award of 100%. These awards became eligible for vesting from 5 November 2015, the third anniversary of the date of grant.
Computershare Trustees (Jersey) Limited, Trustees of The Go-Ahead Group Employee Share Trust, were instructed to carry out the following transactions on behalf of David Brown and Keith Down:
Executive Director: | Number of shares awarded/vested in 2012 LTIP Award | Number of shares sold: | Number of shares to be retained and transferred into spouse's name: |
David Brown | 37,658 | 17,735 | 19,923 |
Keith Down | 24,101 | 24,101 | n/a |
The shares were sold at £25.016000 per share.
Following these transactions, the Executive Directors and their connected persons will 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 | 70,317 | 0.16% |
Keith Down | 31,711 | 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