8th Jul 2008 14:42
Transactions by person discharging managerial responsibilities
Exercise of Executive Share Options and sale of Shares
Stagecoach Group plc ("the Company") has been notified of the following transactions in the securities of the Company by a person discharging managerial responsibilities. The transactions have been notified in accordance with the Disclosure and Transparency Rules, DTR 3.1.4R(1)(a).
The Company received notification today (8 July 2008) that the undermentioned employee today exercised Executive Share Options over Ordinary Shares of 56/57th pence each in the Company and subsequently sold those shares.
The Executive Share Options exercised were as follows:
|
Name |
Original date of grant |
Number of Ordinary Shares under option |
Exercise Price per share £ |
Total exercise price £ |
|
Martin Griffiths |
26 June 2003 |
254,132 |
0.6050 |
153,750 |
The 254,132 Ordinary Shares of 56/57th pence each were sold at an average price of £2.9786 per share, resulting in total proceeds of £756,958, 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 Deferred Ordinary Shares under Executive Participation Plan |
|
Martin Griffiths |
19,350 |
|
234,275 |
In addition, the employee is a potential beneficiary of the Stagecoach Group Employee Benefit Trust 2003 and the Stagecoach Group Qualifying Employee Share Trust, which together hold 4,541,879 Ordinary Shares of 56/57th pence each, representing 0.6% of the total Ordinary Shares in issue.
For further information, please contact:
Stagecoach Group plc www.stagecoachgroup.com
Ross Paterson, Company Secretary 01738 442111
Steven Stewart, Director of Corporate Communications 01738 442111
Related Shares:
SGC.L