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Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Persons Closely Associated with them

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Stagecoach Group PLC
·4 min read
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Stagecoach Group plc

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Persons Closely Associated with them

Stagecoach Restricted Share Plan (the “RSP”)

Granting of RSP Awards for 2020

On 10 December 2020, each of the executive directors as set out below was granted Conditional Awards under the RSP. The transactions have been notified in accordance with the requirements of the EU Market Abuse Regulation.

The RSP Awards are conditional rights to acquire Ordinary Shares of 125/228thp in the Company (“Shares”) together with an entitlement to an additional number of Shares equivalent to any dividends that would have been paid on the Shares throughout the normal vesting period. The awards were made on 10 December 2020 and are capable of vesting in three equal tranches, the normal vesting dates for which shall be the fourth, fifth and sixth anniversaries of the date of grant respectively.

The Shares will be subject to a holding period which will commence on the normal vesting date and end on the fifth anniversary of the date of grant.

The awards made were as follows:



Name of director/ PDMR

Number of Shares subject to Award

Martin Griffiths (Director)

621,741

Ross Paterson (Director)

414,526

The announcement on the granting of RSP Awards, including the notifications below, is made in accordance with the requirements of the EU Market Abuse Regulation.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Martin Griffiths

2

Reason for the notification

a)

Position/status

Chief Executive

b)

Initial notification/ Amendment

This is an initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Stagecoach Group plc

b)

LEI

4L663LRNTBQ008OK2N07

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 125/228p
ISIN: GB00B6YTLS95

b)

Nature of the transaction

Award by Stagecoach Group plc, for nil consideration, of Conditional Awards over 621,741 Shares, being conditional rights to acquire Ordinary Shares of 125/228thp in the Company under the Stagecoach Restricted Share Plan, together with an entitlement to an additional number of Shares equivalent to any dividends that would have been paid on the Shares throughout the normal vesting period. The Award made on 10 December 2020, is capable of vesting in three equal tranches, the normal vesting dates for which shall be the fourth, fifth and sixth anniversaries of the date of grant respectively.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Conditional Share Awards

Nil consideration

621,741

d)

Aggregated information
— Aggregated volume
— Price



Not Applicable

e)

Date of the transaction

2020-12-10

f)

Place of the transaction

Outside a trading venue


1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Ross Paterson

2

Reason for the notification

a)

Position/status

Finance Director

b)

Initial notification/ Amendment

This is an initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Stagecoach Group plc

b)

LEI

4L663LRNTBQ008OK2N07

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 125/228p
ISIN: GB00B6YTLS95

b)

Nature of the transaction



Award by Stagecoach Group plc, for nil consideration, of Conditional Awards over 414,526 Shares, being conditional rights to acquire Ordinary Shares of 125/228thp in the Company under the Stagecoach Restricted Share Plan, together with an entitlement to an additional number of Shares equivalent to any dividends that would have been paid on the Shares throughout the normal vesting period. The Award made on 10 December 2020, is capable of vesting in three equal tranches, the normal vesting dates for which shall be the fourth, fifth and sixth anniversaries of the date of grant respectively.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Conditional Share Awards

Nil consideration

414,526

d)

Aggregated information
— Aggregated volume
— Price



Not Applicable

e)

Date of the transaction

2020-12-10

f)

Place of the transaction

Outside a trading venue

For further information, please contact:

Analysts
Martin Griffiths, Chief Executive 01738 442111
Ross Paterson, Finance Director 01738 442111

Media
Steven Stewart, Director of Corporate Communications 07764 774680


11 December 2020