REG-FirstGroup PLC: Director/PDMR Shareholding

FirstgroupAnnouncement

04/08/2021 16:50

FirstGroup plc

LEI: 549300DEJZCPWA4HKM93

4 August 2021

Director/PDMR Shareholding

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

FirstGroup plc (the “Company”) announces that on 2 August 2021, the
Company granted a nil-cost option over 934,274 Ordinary Shares of £0.05 each
in the capital of the Company to Chief Financial Officer, Ryan Mangold.

The LTIP award will normally vest on the third anniversary of the date of
award subject to satisfaction of performance conditions and continued
employment. 

In light of the continuing uncertainty regarding the duration of social
distancing measures in our major markets, the pace and shape of the broader
economic recovery and the impact of material portfolio changes, FirstGroup’s
Remuneration Committee (the “Committee”) will delay the setting of targets
for the 2021 LTIP awards until there is greater clarity regarding these
factors. The targets will be set no later than six months following the grant
date, and these will be fully disclosed in the 2022 Directors’ Remuneration
Report.

As is normal practice, the Committee will ensure that any vesting is
appropriate in the context of underlying financial performance and the
experience of the Group’s wider stakeholders.  The Committee retains the
ability to apply discretion when determining remuneration outcomes to ensure
that the value at vesting is fully reflective of the performance delivered. 

This notification is made in accordance with Article 19 of the Market Abuse
Regulation (EU) 596/2014.

Enquiries:

Seema Kamboj, Deputy Company Secretary

+44 (0) 7583 675724

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                                                     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       934,274                                                                                            
 d)        Aggregated Information  - Aggregated volume  - Price                                               934,274  £0.00                                                                                     
 e)        Date of the transaction                                                                            2 August 2021                                                                                      
 f)        Place of the transaction                                                                           London Stock Exchange (XLON)                                                                       
 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               



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