7th Jun 2017 14:16
FIRSTGROUP PLC - Director/PDMR ShareholdingFIRSTGROUP PLC - Director/PDMR Shareholding
PR Newswire
London, June 7
FirstGroup plc
7 June 2017
Exercise and Sale under the Long Term Incentive Plan 2014 (“LTIP 2014”)
FirstGroup plc (the "Company") has been notified that the Executive Director and Persons Discharging Managerial Responsibilities (“PDMRs”) detailed below, exercised conditional awards over 297,022 ordinary shares of 5 pence each under the LTIP 2014. Following the release, 226,485 were sold at a price of £1.414
| Participant | Reason for notification | LTIP 2014 award | Transaction |
| Tim O’Toole | Executive Director | 128,002 | Sell sufficient to cover tax |
| David Leach | PDMR | 42,090 | Sell all |
| Bradley Thomas | PDMR | 38,604 | Sell all |
| Dennis Maple | PDMR | 88,326 | Sell all |
The transactions took place in London (XLON) on 6 June 2017 and the Company was notified on 7 June 2017.
This notification is made under Article 19.3 of the Market Abuse Regulation.
Enquiries:
Sarah Steadman
Share Schemes & Company Secretarial Assistant 0207 725 2731
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Tim O’Toole Dave Leach Brad Thomas Dennis Maple | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Executive Director PDMR PDMR PDMR | ||||
| b) | Initial notification /Amendment | Initial | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | FirstGroup plc | ||||
| b) | LEI | 549300DEJZCPWA4HKM93 | ||||
| 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 5p each GB0003452173 | ||||
| b) | Nature of the transaction | Release of awards under the LTIP 2014 | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Tim O’Toole – 128,002 David Leach- 42,090 Dennis Maple- 88,326 Bradley Thomas - 38,604 NIL | ||||
| e) | Date of the transaction | 06/06/2017 | ||||
| f) | Place of the transaction | London Stock Exchange (XLON) | ||||
| 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 | ||||||
| 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 5p each GB0003452173 | ||||
| b) | Nature of the transaction | Subsequent sale to cover for tax and social security liabilities – Tim O’Toole Sale of all shares – David Leach, Dennis Maple and Bradley Thomas | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Tim O’Toole – 57,465 David Leach- 42,090 Dennis Maple- 88,326 Bradley Thomas - 38,604 Tim O’Toole – £81,225 David Leach- £59,515 Dennis Maple- £124,893 Bradley Thomas - £54,586 | ||||
| e) | Date of the transaction | 06/06/2017 | ||||
| f) | Place of the transaction | London Stock Exchange (XLON) | ||||
| 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 | ||||||
Related Shares:
Firstgroup