30th Aug 2005 07:01
Stagecoach Group PLC30 August 2005 30 August 2005 Stagecoach Group plc Long Term Incentive Scheme Awards Stagecoach Group plc ("the Company") confirms that two directors were grantedawards under the Stagecoach Group plc 2005 Long Term Incentive Plan (the "2005LTIP"). The transactions have been notified in accordance with Disclosure Rule3.1.4R(1)(a). The 2005 LTIP was approved at the Company's Annual General Meeting held onFriday 26 August 2005 by shareholders. The first awards under the 2005 LTIP weremade following the market close on Friday 26 August 2005. The awards under the 2005 LTIP comprise conditional entitlements to a number ofIncentive Units. The notional cash value is equal to the market value of oneOrdinary Share in the Company from time to time. The awards are made subject toperformance conditions. It is anticipated that when the awards vest, they willbe settled in cash although the 2005 LTIP permits the awards to be settled inshares. The awards made were as follows: Name of Date of Normal Number of 2005 LTIP Total number of 2005 LTIPDirector Award date of incentive units incentive units held vesting granted following the award Brian 26 26 August 450,293 450,293Souter August 2008 2005MartinGriffiths 26 26 August 218,510 218,510 August 2008 2005 For further information, please contact: Stagecoach Group plc www.stagecoachgroup.com Ross Paterson, Company Secretary 01738 442111 Steven Stewart, Head of Media & Public Affairs 01738 442111 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SGC.L