REG-FirstGroup PLC: Director/PDMR Shareholding
23/08/2022 11:15
FirstGroup plc LEI: 549300DEJZCPWA4HKM93 23 August 2022 Director/PDMR Shareholding The FirstGroup Long-Term Incentive Plan (“LTIP”) On 19 August 2019, in accordance with the rules of the LTIP, FirstGroup plc (the “Company”) granted 765,175 nil-cost options over Ordinary Shares of 5 pence each in the capital of the Company to Ryan Mangold, an Executive Director. Following the testing of the performance conditions attached to these nil-cost options, which were reviewed as part of the FY 2022 audit, the Remuneration Committee has confirmed that 677,179 nil-cost options (88.5%) would vest and the remainder (87,996 nil-cost options) would lapse on 19 August 2022. The awards granted to Mr Mangold were structured as nil-cost options and may be exercised for up to 12 months following vesting. The awards were subject to clawback and malus, and a two-year post vesting holding period, as per the rules of the LTIP. Mr Mangold exercised 677,179 nil-cost options on 19 August 2022. On 22 August 2022, 327,533 Ordinary Shares were sold at 109.019 pence per share to cover applicable tax and national insurance. Following exercise of the awards, the balance, 349,646 shares, were released to Mr Mangold in accordance with the Plan Rules. Upon release of these shares Mr Mangold immediately transferred 349,646 shares to his wife, Mrs Nicole Mangold, at nil cost. This notification is made in accordance with Article 19 of the UK Market Abuse Regulation (EU) 596/2014. Enquiries: David Blizzard, Company Secretary Stuart Butchers, Group Head of Communications Faisal Tabbah, Head of Investor Relations 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 Ryan Mangold 2 Reason for the notification a) Position/status Chief Financial Officer and Executive Director 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 Exercise of nil-cost options to acquire shares under the LTIP granted in 2019, sale of shares to cover tax and transfer of shares to spouse c) Price(s) and volume(s) Price(s) Volume(s) Nil £1.09019 Nil Nil Options exercised 677,179 Shares sold to cover tax 327,533 Number of shares released 349,646 Number of shares transferred to spouse 349,646 d) Aggregated Information See above £1.09019 e) Date of the transaction 22 August 2022 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 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 Nicole Mangold 2 Reason for the notification a) Position/status Wife of Ryan Mangold, 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 Transfer of shares from Ryan Mangold c) Price(s) and volume(s) Price(s) Volume(s) Nil 349,646 d) Aggregated Information 349,646 £0.00 e) Date of the transaction 22 August 2022 f) Place of the transaction Off market gift 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 Copyright (c) 2022 PR Newswire Association,LLC. All Rights Reserved
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