21st Nov 2016 15:00
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility
On 16 November 2016, The Go-Ahead Group plc (the "Group") granted conditional share awards under The Go-Ahead Group Long Term Incentive Plan 2015 ("LTIP") in accordance with the LTIP rules to the executive directors as follows:
Name | Number of share awards granted under LTIP on 16 November 2016 |
David Brown, Group Chief Executive
| 39,698 |
Patrick Butcher, Group Chief Financial Officer | 18,073 |
Following a recent consultation with the Group's major shareholders and shareholder representative bodies, the targets of the long-term incentive award are set out below and will be measured over the a three-year performance period commencing with the start of the 2016/17 financial period and ending with the end of the 2018/19 financial period:
| EPS payout (% of element) | Compound annual growth in adjusted EPS | TSR payout (% of element) | Relative TSR vs FTSE 250 | Customer payout (% of each element) | Rail customer service target | Bus customer service target |
Weighting |
| 40% |
| 40% |
| 10% | 10% |
Below threshold | 0% | Less than RPI +2% p.a. | 0% | Below median | 0% | Less than 78% | Less than 90% |
Threshold | 10% | RPI + 2% p.a. | 25% | Median | 10% | 78% | 90% |
Between threshold and maximum | Between 10% and 100% | Between RPI 2% p.a. and RPI 10% p.a. | Between 25% and 100% | Between median and upper quartile | Between 10% and 100% | Between 78% and 82% | Between 90% and 93% |
Maximum | 100% | RPI + 10% p.a. | 100% | Upper quartile | 100% | 82% | 93% |
This LTIP award will be subject to recovery and withholding provisions for three years following vesting and an additional
two year holding period following the vesting of awards will also apply.
This notification is made in accordance with the requirement of the EU Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | David Brown | |
2 | Reason for notification | ||
a) | Position/status | Group Chief Executive | |
b) | Initial notification/ Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | The Go-Ahead Group plc
| |
b) | LEI | 2138009TF1SYOMQLBJ60
| |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 10 pence each
GB0003753778 | |
b) | Nature of the transaction | Grant of conditional share awards under The Go-Ahead Group Long Term Incentive Plan 2015 subject to a three year deferral period and continued employment | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£0.00
| 39,698 conditional share awards
| ||
| |||
d) | Aggregated information
- Aggregated volume
- Price |
39,698 conditional share awards
£0.00
| |
e) | Date of the transaction |
2016-11-16
| |
f) | Place of the transaction | N/A | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Patrick Butcher | |
2 | Reason for notification | ||
a) | Position/status | Group Chief Financial Officer | |
b) | Initial notification/ Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | The Go-Ahead Group plc
| |
b) | LEI | 2138009TF1SYOMQLBJ60
| |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 10 pence each
GB0003753778 | |
b) | Nature of the transaction | Grant of conditional share award under The Go-Ahead Group Long Term Incentive Plan 2015 subject to a three year deferral period and continued employment. | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£0.00
| 18,073 conditional share awards
| ||
| |||
d) | Aggregated information
- Aggregated volume
- Price |
18,073 conditional share awards
£0.00
| |
e) | Date of the transaction |
2016-11-16
| |
f) | Place of the transaction | N/A | |
For further information please contact:
Carolyn Ferguson, Group Company Secretary - 0191 232 3123
Related Shares:
GOG.L