2nd Jul 2008 15:34
Exercise of Executive Share Options
Stagecoach Group plc ("the Company") has been notified today, 2 July 2008, of the following director transaction in the securities of the Company. The transaction has 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 £ |
|
Martin Griffiths |
12/12/2003 |
126,935 |
0.8075 |
102,500 |
The 126,935 Ordinary Shares of 56/57th pence each exercised were then sold at an price of £2.81 per share, resulting in total proceeds of £356,687 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 |
|
Martin Griffiths |
19,350 |
|
254,132 |
234,276 |
In addition, Martin Griffiths is a potential beneficiary of the Stagecoach Group Employee Benefit Trust 2003 and the Stagecoach Group Qualifying Employee Share Trust, which together hold 4,821,525 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
Ross Paterson, Company Secretary 01738 442111
Steven Stewart, Director of Corporate Communications 01738 442111
2 July 2008
Related Shares:
SGC.L