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 |
Details of the person discharging managerial
responsibilities (“PDMR”) / person closely associated |
| a) |
Name |
1. Tim O’Toole
2. Matthew Gregory |
| 2 |
Reason for the notification |
| a) |
Position/status |
1. Executive Director
2. Executive Director |
| b) |
Initial
notification/Amendment |
Initial
notification |
| 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 |
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) |