REG-FirstGroup PLC: Director/PDMR Shareholding <Origin Href="QuoteRef">FGP.L</Origin>

FirstgroupAnnouncement

28/06/2016 16:20

FIRSTGROUP PLC 
 
 NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY 
 
 FirstGroup plc (the Company) announces that the following Directors and other
persons discharging managerial responsibilities (PDMRs) were granted an award,
for no consideration, on 28 June 2016 over ordinary shares of £0.05 each in
the capital of the Company (Shares) under the FirstGroup Long Term Incentive
Plan (“LTIP”) and the FirstGroup plc Executive Annual Bonus Plan
(“EABP”). 
 
 Grant of awards under the LTIP 
 
  Name                  Position         Number of shares subject to award   
  Tim O'Toole           Director/PDMR                1,042,694               
  Matthew Gregory       Director/PDMR                 764,231                
  Constance Baroudel    PDMR                           72,441                
  Rachael Borthwick     PDMR                           84,771                
  Giles Fearnley        PDMR                           98,619                
  Dave Leach            PDMR                          105,604                
  Dennis Maple          PDMR                          110,807                
  Steve Montgomery      PDMR                          339,087                
  Brad Thomas           PDMR                          105,375                
 
 The awards under the LTIP will normally vest following the end of the three
year performance period commencing on 1 April 2016, subject to the
satisfaction of performance conditions relating to the growth in the Company's
return on capital employed (ROCE) and relative total shareholder return (TSR)
compared to a group of comparator companies, and provided the Director/PDMR
remains a director or is employed within FirstGroup. The Committee has
discretion to vary the proportion of awards vesting if it considers the
outcome would otherwise not be a fair and complete reflection of the
underlying performance of the Group over the performance period. 
 
 Awards granted to US participants are structured as conditional awards under
which, following vesting, the shares are transferred to the participants for
nil payment. Awards granted to UK participants are structured as nil-cost
options, which may be exercised for up to 12 months following vesting. 
 
 Grant of awards under the EABP 
 
  Name                  Position         Number of shares subject to award   
  Tim O'Toole           Director/PDMR    83,126                              
  Matthew Gregory       Director/PDMR    81,399                              
  Constance Baroudel    PDMR             21,666                              
  Rachael Borthwick     PDMR             25,353                              
  Giles Fearnley        PDMR             21,844                              
  Dave Leach            PDMR             36,117                              
  Dennis Maple          PDMR             20,322                              
  Steve Montgomery      PDMR             46,022                              
  Brad Thomas           PDMR             35,095                              
 
 The awards under the EABP were made after set performance conditions were
achieved during the financial year 2015/16: The awards will vest at the end of
a three year deferral period on 27 June 2019. 
 
 Awards granted to US participants are structured as conditional awards under
which, following vesting, the shares are transferred to the participants for
nil payment. Awards granted to UK participants are structured as nil-cost
options, which may be exercised up to the day preceding the tenth anniversary
of the grant date. 
 
 The transaction took place in London. This notification is being made in
accordance with DTR 3.1.4(R)(1)(a). 
 
 Further information, FirstGroup plc: 
 
 Faisal Tabbah, Head of Investor Relations 
 
 Tel: +44 7590 412262 / 020 7725 3357 
 
 Stuart Butchers, Group Head of Media 
 
 Tel: +44 7713 317979 / 020 7291 0507 
 


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