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

FirstgroupAnnouncement

24/11/2017 16:10

 

FirstGroup plc

24 November 2017

Director/PDMR Shareholding

Grant of awards under the Long-Term Incentive Plan (“LTIP”)

FirstGroup plc (the “Company”) announces that the Company’s Executive
Directors were granted awards, for no consideration, on 24 November 2017 over
ordinary shares of £0.05 each in the capital of the Company under the LTIP.

The awards under the LTIP will normally vest following the end of the
three-year performance period commencing on 1 April 2017, subject to the
satisfaction of performance conditions relating to earnings per share, total
shareholder return and return on capital employed (“ROCE”), and provided
the Director remains in their role within FirstGroup. The Remuneration
Committee retains the discretion to alter the LTIP vesting outcome in light of
the underlying performance of the Company during the performance period.

The award granted to Tim O’Toole, Chief Executive, is structured as a
conditional award under which, following vesting, the shares are transferred
to the participant for nil payment. The award granted to Matthew Gregory,
Chief Financial Officer, is structured as a nil-cost option, which may be
exercised for up to 12 months following vesting. Both awards are subject to
clawback and malus, and a two-year post vesting holding period, as per the
rules of the LTIP.

As disclosed in the Annual Report and Accounts 2017, these LTIP awards have
been granted following a review of the performance conditions and subsequent
consultation with major shareholders. Award levels remained unchanged. Further
detail will be provided in the Annual Report and Accounts 2018.

The transaction listed above took place in London (XLON). 

In addition, the information below is provided in accordance with the
requirements of the Disclosure Guidance Transparency Rule (DGTR) 6.2.2AR:

Legal Entity Identifier (LEI):  549300DEJZCPWA4HKM93

Classification as per DGTR 6 Annex 1R:  2.2

Finally, information required under Article 19.3 of the Market Abuse
Regulation is provided below.

Enquiries:

Faisal Tabbah, Head of Investor Relations

Stuart Butchers, Group Head of Media

Silvana Glibota-Vigo, Deputy Company Secretary

Tel: +44 (0) 20 7291 0505

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 1         Deta ils of the person discharging managerial responsibilities (“PDMR”) / person closely associated                                                                                                                 
 a)        Name                                                                                                 1. Tim O’Toole 2. Matthew Gregory                                                                              
 2         Reaso n for the notification                                                                                                                                                                                        
 a)        Position/status                                                                                      1. Executive Director 2. Executive Director                                                                    
 b)        Initial notification/Amendment                                                                       Initial notification                                                                                           
 3         Deta ils of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor                                                                                                      
 a)        Name                                                                                                 FirstGroup plc                                                                                                 
 b)        LEI                                                                                                  549300DEJZCPWA4HKM93                                                                                           
 4         Deta ils 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 5p each -  - GB0003452173                                                                   
 b)        Nature of the transaction                                                                            1. Grant of a conditional award under the LTIP 2. Grant of a nil-cost option to acquire shares under the LTIP  
 c)        Price(s) and volume(s)                                                                                                                                                                                              
 Price(s)  Volume(s)                                                                                            
 1. Nil    969,197                                                                                              
 2. Nil    730,420                                                                                              
 d)        Aggregated information                                                                               1. £0.00                                                                                                       
           2. £0.00                                                                                             
 e)        Date of the transaction                                                                              24 November 2017                                                                                               
 f)        Place of the transaction                                                                             London Stock Exchange (XLON)                                                                                   



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