30th Jun 2006 14:46
Stagecoach Group PLC30 June 2006 Long Term Incentive Scheme Awards Stagecoach Group plc ("the Company") confirms today, 30 June 2006, that twodirectors were granted awards under the Stagecoach Group plc 2005 Long TermIncentive Plan (the "2005 LTIP"). The transactions have been notified inaccordance with Disclosure Rule 3.1.4R(1)(a). The 2005 LTIP was approved at the Company's Annual General Meeting held onFriday 26 August 2005 by shareholders. The awards under the 2005 LTIP comprise conditional entitlements to a number ofIncentive Units. The notional cash value of each incentive unit is equal to themarket value of one Ordinary Share in the Company from time to time. The awardsare made subject to performance conditions. It is anticipated that when theawards vest, they will be settled in cash although the 2005 LTIP permits theawards to be settled in shares. The awards made were as follows: Name of Date of Award Normal date of Number of Total number Director vesting 2005 LTIP of 2005 LTIP incentive incentive units units held granted following the award Brian Souter 30 June 2006 30 June 2009 453,563 917,731 Martin Griffiths 30 June 2006 30 June 2009 226,507 451,749 For further information, please contact: Stagecoach Group plc www.stagecoachgroup.comRoss Paterson, Company Secretary 01738 442111 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SGC.L