30th Oct 2009 15:05
The Go-Ahead Group plc
("The Company")
Director / PDMR Shareholding
Awards under LTIP
The Company announces that, under the terms of The Go-Ahead Group plc Long-Term Incentive Plan 2005 ("the Plan"), the following executive directors were granted awards on Friday 30 October 2009 by Lloyds TSB Offshore Trust Company Limited, Trustees of the Go-Ahead Group Employee Share Trust, to acquire ordinary shares of 10 pence in the Company as follows:-
Keith Ludeman - 52,722
Nicholas Swift - 28,997
The awards will vest only if the performance targets set out in the Plan rules (approved by shareholders at the Extraordinary General Meeting on 27 October 2005, amended by resolution of the members at the Annual General Meeting of the Company on 23 October 2008 and amended by resolution of the Board of Directors at a meeting on 25 August 2009) are achieved over a performance period commencing with the start of the 2009/10 financial period and ending with the end of the 2011/12 financial period.
The participating directors will, following the end of the performance period, be notified as to the extent to which the performance conditions have been met and their awards have vested. They will then, provided that they continue to remain directors or employees of the company, have up to six months following 30 October 2012 (the third anniversary of the date on which the awards were granted) in which to secure the release of the ordinary shares. Awards will be satisfied by the transfer of existing shares.
For further information please contact:
Carolyn Sephton, Company Secretary - 0191 232 3123
Related Shares:
GOG.L