27th Jun 2008 13:18
Stagecoach Group Plc
27 June 2008
Exercise of Executive Share Options
27 June 2008
Stagecoach Group plc ("the Company") has been notified on 26 June 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 undermentioned director 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 |
10/12/2004 |
98,822 |
£1.1150 |
£110,186.53 |
All of the 98,822 Ordinary Shares of 56/57th pence each exercised were sold to market at an average price achieved of £2.7013.
Following these transactions, the individual's interests in the securities of the Company are as follows:
|
Name |
Interest in Ordinary Shares |
% of Ordinary Shares in Issue |
Number of Ordinary Shares subject to Options |
Number of Deferred Ordinary Shares Under Executive Participation |
|
Martin Griffiths |
19,350 |
|
381,067 |
166,108 |
In addition, Martin Griffiths is a potential beneficiary of the Stagecoach Group Employee Benefit Trust 2003 and the Stagecoach Group Qualifying Share Ownership Trust ("the QUEST") which together hold 5,397,403 Ordinary Shares of 56/57th pence each, representing 0.75% of the total Ordinary Shares in issue.
For further information, please contact:
Stagecoach Group plc www.stagecoachgroup.com
Steven Stewart, Director of Corporate Communications 01738 442111
27 June 2008
Related Shares:
SGC.L