REG-FirstGroup PLC: Director/PDMR Shareholding

FirstgroupAnnouncement

20/08/2019 15:00

Director/PDMR Shareholding

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

FirstGroup plc (the “Company”) announces that on 19 August 2019, in
accordance with the rules of the LTIP, the Company granted nil-cost options
over Ordinary Shares of £0.05 each in the capital of the Company to the
following Executive Directors:

Director                                                                                 
Number of shares under option

Mathew Gregory (Chief
Executive)                                       
            1,079,748

Ryan Mangold (Chief Financial
Officer)                                             
765,175

LTIP awards will normally vest following the end of the three-year performance
period commencing on 1 April 2019, subject to the satisfaction of performance
conditions relating to earnings per share (“EPS”) growth, relative total
shareholder return (“TSR”) and road return on capital employed
(“ROCE”), and provided participants remain in their roles 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 awards granted to the Executive Directors are structured as nil-cost
options and may be exercised for up to 12 months following vesting. The awards
are subject to clawback and malus, and a two-year post vesting holding period,
as per the rules of the LTIP.

The information below is provided in accordance with the requirements of the
Disclosure Guidance and Transparency Rules (“DGTR”) 6.2.2AR:

Legal Entity Identifier:  549300DEJZCPWA4HKM93

Classification as per DGTR 6 Annex 1R: 2.2

In addition, the notifications below, made in accordance with the requirements
of the EU Market Abuse Regulation, provide further detail.

Enquiries:

Silvana Glibota-Vigo, Deputy Company Secretary

Tel: +44 (0) 20 7725 3354

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

 1   Details of the person discharging managerial responsibilities / person closely associated                         
 a)  Name                                                     Matthew Gregory                                          
 2   Reason for the notification                                                                                       
 a)  Position/status                                          Chief Executive                                          
 b)  Initial notification /Amendment                          Initial                                                  
 3   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor     
 a)  Name                                                     FirstGroup plc                                           
 b)  LEI                                                      549300DEJZCPWA4HKM93                                     

   

 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 5p each   GB0003452173                                                          
 b)        Nature of the transaction                                                                          Grant of nil-cost option to acquire shares under the LTIP                                          
 c)        Price(s) and volume(s)                                                                                                                                                                                
 Price(s)  Volume(s)                                                                                          
 Nil       1,079,748                                                                                          
 d)        Aggregated information  - Price                                                                    £0.00                                                                                              
 e)        Date of the transaction                                                                            19 August 2019                                                                                     
 f)        Place of the transaction                                                                           London Stock Exchange (XLON)                                                                       

   

 1   Details of the person discharging managerial responsibilities / person closely associated                         
 a)  Name                                                     Ryan Mangold                                             
 2   Reason for the notification                                                                                       
 a)  Position/status                                          Chief Financial Officer                                  
 b)  Initial notification /Amendment                          Initial                                                  
 3   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor     
 a)  Name                                                     FirstGroup plc                                           
 b)  LEI                                                      549300DEJZCPWA4HKM93                                     

   

 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 5p each   GB0003452173                                                          
 b)        Nature of the transaction                                                                          Grant of nil-cost option to acquire shares under the LTIP                                          
 c)        Price(s) and volume(s)                                                                                                                                                                                
 Price(s)  Volume(s)                                                                                          
 Nil       765,175                                                                                            
 d)        Aggregated information  - Price                                                                    £0.00                                                                                              
 e)        Date of the transaction                                                                            19 August 2019                                                                                     
 f)        Place of the transaction                                                                           London Stock Exchange (XLON)                                                                       



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