3rd Jul 2008 12:04
Exercise of Executive Share Options
Stagecoach Group plc ("the Company") has been notified today, 3 July 2008, of the following transaction in the securities of the Company by a person discharging managerial responsibility. The transactions have been notified in accordance with Disclosure Rule 3.1.4R(1)(a).
The Company received notification that the undermentioned employee 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 |
Option Price Per Share £ |
Total Option Value £ |
|
Leslie Warneford |
10/12/2004 |
75,748 |
£1.115 |
£84,459 |
The 75,748 Ordinary Shares of 56/57th pence were sold at a price of £2.7846 per share, resulting in total proceeds of £210,928 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 |
|
Leslie Warneford |
89,464 |
0.01% |
Nil |
135,734 |
In addition, Les Warneford is a potential beneficiary of the Stagecoach Group Employee Benefit Trust 2003 and the Stagecoach Group Qualifying Employee Share Trust, which together hold 4,745,777 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
Related Shares:
SGC.L