REG-FirstGroup Plc: Director/PDMR Shareholding

FirstgroupAnnouncement

16/06/2023 16:00

 

FirstGroup plc

LEI: 549300DEJZCPWA4HKM93

16 June 2023

 

 

 

Director/PDMR Shareholding

 

The FirstGroup Long-Term Incentive Plan (“LTIP”)

 

On 24 September 2020, in accordance with the rules of the LTIP, FirstGroup plc
(the “Company”) granted 1,962,274 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 2023 audit, the
Remuneration Committee  has confirmed that 1,734,057 nil-cost options (88.4%)
would vest and the remainder (228,217 nil-cost options) have lapsed.

 

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 1,734,057 nil-cost options on 15 June 2023. On 15 June
2023, 816,749 Ordinary Shares were sold at 139.2pence per share to cover
applicable tax and national insurance. Following exercise of the awards, the
balance, 917,308shares, were released to Mr Mangold in accordance with the
Plan Rules.  On 16 June 2023 Mr Mangold transferred 917,308 shares to his
wife, a connected person, 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

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 2020, sale of shares to cover tax and transfer of shares to spouse  
 c)                      Price(s) and volume(s)                                                                                                                                                                                                                          
 Price(s)                Volume(s)                                                                                          
 Nil  £1.392  Nil  Nil   Options exercised 1,734,057                                                                        
                          Shares sold to cover tax 816,749                                                                  
                           Number of shares released 917,308  Number of shares transferred to spouse 917,308                
 d)                      Aggregated Information  - Aggregated volume  - Price                                               See above £1.392                                                                                                                             
 e)                      Date of the transaction                                                                            15 June 2023                                                                                                                                 
 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       917,308                                                                                            
 d)        Aggregated Information  - Aggregated volume  - Price                                               917,308  £0.00                                                                                     
 e)        Date of the transaction                                                                            15 June 2023                                                                                       
 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) 2023 PR Newswire Association,LLC. All Rights Reserved