30th Jun 2008 16:54
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 £190,161 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
30 June 2008
Related Shares:
SGC.L