TIDMSGC
Stagecoach Group plc ("Stagecoach" or the "Company")
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibility
Vesting of awards under the Stagecoach 2013 Executive
Participation Plan (the "EPP") and Stagecoach Restricted Share Plan
(the "RSP")
Acceptance of recommended all cash offer made by Inframobility
UK Bidco Limited ("Bidco" or "the Offeror")
On 9 March 2022, the board of directors of Bidco announced that
they had reached agreement on the terms of a recommended all cash
offer to be made by Bidco to acquire the entire issued and to be
issued ordinary share capital of Stagecoach (the "Offer"). On 20
May 2022, Bidco announced that the Offer had become unconditional
in all respects (the "Unconditional Announcement").
Certain awards made under the EPP and RSP vest if a person
obtains control of the Company as a result of a general offer to
acquire the capital of the Company, which becomes unconditional.
Following the Unconditional Announcement, these awards have
vested.
The Stagecoach Directors who hold shares in the Company gave
irrevocable undertakings in favour of an earlier proposed all-share
combination with National Express Group plc. However, now that the
proposal from National Express Group plc has lapsed, those
undertakings cease to have any effect and the Directors have
submitted Offer acceptances in respect of the shares transferred to
them following the vesting of awards under the EPP and the RSP
referred to above, in respect of shares held under the HM Revenue
and Customs tax-advantaged Stagecoach Group plc 2011 Share
Incentive Plan ("BAYE Scheme") and have submitted, or will shortly
submit, Offer acceptances in respect of shares already held.
Vesting of EPP awards
EPP Deferred Share Awards are conditional awards over Ordinary
Shares of 125/228(th) p in the Company ("Deferred Shares") together
with an entitlement to an additional number of Deferred Shares
equivalent to any dividends that would have been paid on the shares
throughout the vesting period. Awards made to the following
Directors and for the following numbers of Deferred Share Awards
accordingly vested on 23 May 2022 pursuant to which an equivalent
number of Ordinary Shares of 125/228(th) p ("Ordinary Shares") were
transferred to each of the below Directors. Each Director has
accepted the Offer in respect of the Ordinary Shares transferred to
him. The Offer consideration for the shares to be transferred will
be paid to him by the Offeror, with such amounts being subject to
taxes deducted through payroll.
Name of director Role Number of Deferred Shares vesting
----------------- ----------------- ---------------------------------
Martin Griffiths Chief Executive 888,425
----------------- ----------------- ---------------------------------
Ross Paterson Finance Director 592,328
----------------- ----------------- ---------------------------------
Vesting of RSP awards
RSP Awards are a conditional entitlement to Ordinary Shares
together with an entitlement to an additional number of Ordinary
Shares equivalent to any dividends that would have been paid on the
Ordinary Shares throughout the vesting period of the RSP Awards.
RSP Awards vest in an amount pro rata to the proportion of the
elapsed vesting period up to the date on which a person obtains
control of the Company as a result of a general offer to acquire
the Ordinary Shares. RSP Awards made to the following Directors and
for the following numbers of Ordinary Shares accordingly vested on
23 May 2022 and a number of Ordinary Shares were transferred to
each of the Directors as indicated in the table below. Each
Director has accepted the Offer in respect of the Ordinary Shares
transferred to him. The Offer consideration for the shares to be
transferred will be paid to him by the Offeror, with such amounts
being subject to taxes deducted through payroll.
Number of RSP Awards/ Ordinary Shares
Name of director Role vesting
----------------- ----------------- ----------------------------------------
Martin Griffiths Chief Executive 294,405
----------------- ----------------- ----------------------------------------
Ross Paterson Finance Director 196,285
----------------- ----------------- ----------------------------------------
Ordinary Shares held under the BAYE Scheme
The BAYE Scheme allows the purchase of Ordinary Shares to be
held as "Partnership Shares" by, and provides for the award of
"Matching Shares" and "Dividend Shares" to, executive directors and
employees of Stagecoach ("BAYE Shares"). Following the
Unconditional Announcement, each of the following Directors has
elected that the BAYE Scheme trustee should accept the Offer in
respect of the BAYE Shares held by him, following which the Offer
consideration for the shares will be transferred to him.
Name of director Role Number of BAYE Shares to be transferred
----------------- ----------------- ---------------------------------------
Martin Griffiths Chief Executive 9,042
----------------- ----------------- ---------------------------------------
Ross Paterson Finance Director 9,042
----------------- ----------------- ---------------------------------------
Acceptance of Offer in respect of shares currently held
The following Directors and their connected persons have
accepted the Offer, or will shortly accept the Offer, and will be
paid the Offer consideration in respect of the number of Ordinary
Shares set out below currently held by them:
Name of Director Role Shares held
------------------ ---------------------------- -----------
Ray O'Toole Chairman 18,000
------------------ ---------------------------- -----------
Martin Griffiths Chief Executive 684,387
------------------ ---------------------------- -----------
Ross Paterson Finance Director 450,555
------------------ ---------------------------- -----------
Gregor Alexander Senior Independent Director 10,406
------------------ ---------------------------- -----------
Sir Brian Souter Non-Executive Director 80,167,713
------------------ ---------------------------- -----------
Karen Thomson Non-Executive Director 11,071
------------------ ---------------------------- -----------
Lynne Weedall Non-Executive Director 12,000
------------------ ---------------------------- -----------
The information set out below is provided in accordance with the
requirements of the Market Abuse Regulation 596/2014 as it forms
part of United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018.
Details of the person discharging managerial responsibilities/person
1 closely associated
----------------- -------------------------------------------------------------------------------------------------------------------------
a) Name Martin Griffiths
----------------- ------------------------------------------------------------- ----------------------------------------------------------
2 Reason for the notification
----------------- -------------------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive
----------------- ------------------------------------------------------------- ----------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
----------------- ------------------------------------------------------------- ----------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------- -------------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
----------------- ------------------------------------------------------------- ----------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
----------------- ------------------------------------------------------------- ----------------------------------------------------------
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
4 where transactions have been conducted
----------------- -------------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary Shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
----------------- -------------------------------------------------------------- ---------------------------------------------------------
Receipt, for nil consideration, of 888,425 Ordinary
shares on the vesting of Deferred Share awards under
the Stagecoach Group plc 2013 Executive Participation
b) Nature of the transaction Plan.
----------------- -------------------------------------------------------------- ---------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------- -------------------------------------------------------------- --------------------------- ----------------------------
Deferred Shares received Nil consideration 888,425
--------------------------------------------------------------------------------- --------------------------- ----------------------------
d) Aggregated information
-- Aggregated volume Not Applicable
-- Price
------------------ ------------------------------------------------------------- ---------------------------------------------------------
e) Date of the transaction 23 May 2022
------------------ ------------------------------------------------------------- ---------------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------ ------------------------------------------------------------- ---------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
------------- ----------------------------------------------------------------------------------------------------------------------------
a) Name Martin Griffiths
------------- ------------------------------------------------------------- -------------------------------------------------------------
2 Reason for the notification
------------- ----------------------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive
------------- ------------------------------------------------------------- -------------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
------------- ------------------------------------------------------------- -------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------- ----------------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
------------- ------------------------------------------------------------- -------------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
------------- ------------------------------------------------------------- -------------------------------------------------------------
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
4 where transactions have been conducted
------------- ----------------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary Shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
------------- -------------------------------------------------------------- ------------------------------------------------------------
Acceptance of recommended all cash offer by Inframobility
UK Bidco Limited for shares allotted under vesting
b) Nature of the transaction of Executive Participation Plan Deferred Award
------------- -------------------------------------------------------------- ------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------- -------------------------------------------------------------- ------------------- ---------------------------------------
Deferred Shares sold 105p 888,425
----------------------------------------------------------------------------- ------------------- ---------------------------------------
d) Aggregated information
-- Aggregated volume 888,425
-- Price 105p
-------------- ------------------------------------------------------------- ------------------------------------------------------------
e) Date of the transaction 23 May 2022
-------------- ------------------------------------------------------------- ------------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------- ------------------------------------------------------------- ------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
----------------- -------------------------------------------------------------------------------------------------------------------------
a) Name Ross Paterson
----------------- ------------------------------------------------------------- ----------------------------------------------------------
2 Reason for the notification
----------------- -------------------------------------------------------------------------------------------------------------------------
a) Position/status Finance Director
----------------- ------------------------------------------------------------- ----------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
----------------- ------------------------------------------------------------- ----------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------- -------------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
----------------- ------------------------------------------------------------- ----------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
----------------- ------------------------------------------------------------- ----------------------------------------------------------
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
4 where transactions have been conducted
----------------- -------------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary Shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
----------------- -------------------------------------------------------------- ---------------------------------------------------------
Receipt, for nil consideration, of 592,328 Ordinary
shares on the vesting of Deferred Share awards under
the Stagecoach Group plc 2013 Executive Participation
b) Nature of the transaction Plan.
----------------- -------------------------------------------------------------- ---------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------- -------------------------------------------------------------- --------------------------- ----------------------------
Deferred Shares received Nil consideration 592,328
--------------------------------------------------------------------------------- --------------------------- ----------------------------
d) Aggregated information
-- Aggregated volume Not Applicable
-- Price
------------------ ------------------------------------------------------------- ---------------------------------------------------------
e) Date of the transaction 23 May 2022
------------------ ------------------------------------------------------------- ---------------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------ ------------------------------------------------------------- ---------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
------------- ----------------------------------------------------------------------------------------------------------------------------
a) Name Ross Paterson
------------- ------------------------------------------------------------- -------------------------------------------------------------
2 Reason for the notification
------------- ----------------------------------------------------------------------------------------------------------------------------
a) Position/status Finance Director
------------- ------------------------------------------------------------- -------------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
------------- ------------------------------------------------------------- -------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------- ----------------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
------------- ------------------------------------------------------------- -------------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
------------- ------------------------------------------------------------- -------------------------------------------------------------
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
4 where transactions have been conducted
------------- ----------------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary Shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
------------- -------------------------------------------------------------- ------------------------------------------------------------
Acceptance of recommended all cash offer by Inframobility
UK Bidco Limited for shares allotted under vesting
b) Nature of the transaction of Executive Participation Plan Deferred Award
------------- -------------------------------------------------------------- ------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------- -------------------------------------------------------------- ------------------- ---------------------------------------
Deferred Shares sold 105p 592,328
----------------------------------------------------------------------------- ------------------- ---------------------------------------
d) Aggregated information
-- Aggregated volume 592,328
-- Price 105p
-------------- ------------------------------------------------------------- ------------------------------------------------------------
e) Date of the transaction 23 May 2022
-------------- ------------------------------------------------------------- ------------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------- ------------------------------------------------------------- ------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
---------------- ------------------------------------------------------------------------------------------------------------------------
a) Name Martin Griffiths
---------------- ------------------------------------------------------------- ---------------------------------------------------------
2 Reason for the notification
---------------- ------------------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive
---------------- ------------------------------------------------------------- ---------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
---------------- ------------------------------------------------------------- ---------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------- ------------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
---------------- ------------------------------------------------------------- ---------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
---------------- ------------------------------------------------------------- ---------------------------------------------------------
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
4 where transactions have been conducted
---------------- ------------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary Shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
---------------- -------------------------------------------------------------- --------------------------------------------------------
Receipt, for nil consideration, of 294,405 Ordinary
shares on the vesting of awards under the Restricted
b) Nature of the transaction Share Plan.
---------------- -------------------------------------------------------------- --------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------------- -------------------------------------------------------------- -------------------------- ----------------------------
Shares received Nil consideration 294,405
-------------------------------------------------------------------------------- -------------------------- ----------------------------
d) Aggregated information
-- Aggregated volume Not Applicable
-- Price
----------------- ------------------------------------------------------------- --------------------------------------------------------
e) Date of the transaction 23 May 2022
----------------- ------------------------------------------------------------- --------------------------------------------------------
f) Place of the transaction Outside a trading venue
----------------- ------------------------------------------------------------- --------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
------------ ----------------------------------------------------------------------------------------------------------------------------
a) Name Martin Griffiths
------------ ------------------------------------------------------------- -------------------------------------------------------------
2 Reason for the notification
------------ ----------------------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive
------------ ------------------------------------------------------------- -------------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
------------ ------------------------------------------------------------- -------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------ ----------------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
------------ ------------------------------------------------------------- -------------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
------------ ------------------------------------------------------------- -------------------------------------------------------------
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
4 where transactions have been conducted
------------ ----------------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary Shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
------------ -------------------------------------------------------------- ------------------------------------------------------------
Acceptance of recommended all cash offer by Inframobility
UK Bidco Limited for shares allotted under vesting
b) Nature of the transaction of Restricted Share Plan
------------ -------------------------------------------------------------- ------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ -------------------------------------------------------------- -------------------- --------------------------------------
Shares transferred to Director sold under offer 105p 294,405
---------------------------------------------------------------------------- -------------------- --------------------------------------
d) Aggregated information
-- Aggregated volume 294,405
-- Price 105p
------------- ------------------------------------------------------------- ------------------------------------------------------------
e) Date of the transaction 23 May 2022
------------- ------------------------------------------------------------- ------------------------------------------------------------
f) Place of the transaction Outside a trading venue
------------- ------------------------------------------------------------- ------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
---------------- ------------------------------------------------------------------------------------------------------------------------
a) Name Ross Paterson
---------------- ------------------------------------------------------------- ---------------------------------------------------------
2 Reason for the notification
---------------- ------------------------------------------------------------------------------------------------------------------------
a) Position/status Finance Director
---------------- ------------------------------------------------------------- ---------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
---------------- ------------------------------------------------------------- ---------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------- ------------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
---------------- ------------------------------------------------------------- ---------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
---------------- ------------------------------------------------------------- ---------------------------------------------------------
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
4 where transactions have been conducted
---------------- ------------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary Shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
---------------- -------------------------------------------------------------- --------------------------------------------------------
Receipt, for nil consideration, of 196,285 Ordinary
shares on the vesting of awards under the Restricted
b) Nature of the transaction Share Plan.
---------------- -------------------------------------------------------------- --------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------------- -------------------------------------------------------------- -------------------------- ----------------------------
Shares received Nil consideration 196,285
-------------------------------------------------------------------------------- -------------------------- ----------------------------
d) Aggregated information
-- Aggregated volume Not Applicable
-- Price
----------------- ------------------------------------------------------------- --------------------------------------------------------
e) Date of the transaction 23 May 2022
----------------- ------------------------------------------------------------- --------------------------------------------------------
f) Place of the transaction Outside a trading venue
----------------- ------------------------------------------------------------- --------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
------------ ----------------------------------------------------------------------------------------------------------------------------
a) Name Ross Paterson
------------ ------------------------------------------------------------- -------------------------------------------------------------
2 Reason for the notification
------------ ----------------------------------------------------------------------------------------------------------------------------
a) Position/status Finance Director
------------ ------------------------------------------------------------- -------------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
------------ ------------------------------------------------------------- -------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------ ----------------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
------------ ------------------------------------------------------------- -------------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
------------ ------------------------------------------------------------- -------------------------------------------------------------
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
4 where transactions have been conducted
------------ ----------------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary Shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
------------ -------------------------------------------------------------- ------------------------------------------------------------
Acceptance of recommended all cash offer by Inframobility
UK Bidco Limited for shares allotted under vesting
b) Nature of the transaction of Restricted Share Plan
------------ -------------------------------------------------------------- ------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ -------------------------------------------------------------- -------------------- --------------------------------------
Shares transferred to Director sold under offer 105p 196,285
---------------------------------------------------------------------------- -------------------- --------------------------------------
d) Aggregated information
-- Aggregated volume 196,285
-- Price 105p
------------- ------------------------------------------------------------- ------------------------------------------------------------
e) Date of the transaction 23 May 2022
------------- ------------------------------------------------------------- ------------------------------------------------------------
f) Place of the transaction Outside a trading venue
------------- ------------------------------------------------------------- ------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Name Martin Griffiths
------------ ------------------------------------------------------------- ---------------------------------------------------------------
2 Reason for the notification
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive
------------ ------------------------------------------------------------- ---------------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
------------ ------------------------------------------------------------- ---------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
------------ ------------------------------------------------------------- ---------------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
------------ ------------------------------------------------------------- ---------------------------------------------------------------
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
4 where transactions have been conducted
------------ ------------------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary Shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
------------ -------------------------------------------------------------- --------------------------------------------------------------
Acceptance of recommended all cash offer from Inframobility
UK Bidco Limited in respect of shares held under the
b) Nature of the transaction Stagecoach 2011 Share Incentive Plan
------------ -------------------------------------------------------------- --------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ -------------------------------------------------------------- -------------------- ----------------------------------------
Shares sold 105p 9,042
---------------------------------------------------------------------------- -------------------- ----------------------------------------
d) Aggregated information
-- Aggregated volume 9,042
-- Price 105p
------------- ------------------------------------------------------------- --------------------------------------------------------------
e) Date of the transaction 23 May 2022
------------- ------------------------------------------------------------- --------------------------------------------------------------
f) Place of the transaction Outside a trading venue
------------- ------------------------------------------------------------- --------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Name Ross Paterson
------------ ------------------------------------------------------------- ---------------------------------------------------------------
2 Reason for the notification
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Position/status Finance Director
------------ ------------------------------------------------------------- ---------------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
------------ ------------------------------------------------------------- ---------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
------------ ------------------------------------------------------------- ---------------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
------------ ------------------------------------------------------------- ---------------------------------------------------------------
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
4 where transactions have been conducted
------------ ------------------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary Shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
------------ -------------------------------------------------------------- --------------------------------------------------------------
Acceptance of recommended all cash offer from Inframobility
UK Bidco Limited in respect of shares held under the
b) Nature of the transaction Stagecoach 2011 Share Incentive Plan
------------ -------------------------------------------------------------- --------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ -------------------------------------------------------------- -------------------- ----------------------------------------
Shares sold 105p 9,042
---------------------------------------------------------------------------- -------------------- ----------------------------------------
d) Aggregated information
-- Aggregated volume 9,042
-- Price 105p
------------- ------------------------------------------------------------- --------------------------------------------------------------
e) Date of the transaction 23 May 2022
------------- ------------------------------------------------------------- --------------------------------------------------------------
f) Place of the transaction Outside a trading venue
------------- ------------------------------------------------------------- --------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Name Ray O'Toole
------------ ------------------------------------------------------------- ---------------------------------------------------------------
2 Reason for the notification
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Position/status Chairman
------------ ------------------------------------------------------------- ---------------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
------------ ------------------------------------------------------------- ---------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
------------ ------------------------------------------------------------- ---------------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
------------ ------------------------------------------------------------- ---------------------------------------------------------------
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
4 where transactions have been conducted
------------ ------------------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary Shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
------------ -------------------------------------------------------------- --------------------------------------------------------------
Acceptance of recommended all cash offer from Inframobility
b) Nature of the transaction UK Bidco Limited in respect of ordinary shares held
------------ -------------------------------------------------------------- --------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ -------------------------------------------------------------- -------------------- ----------------------------------------
Shares sold 105p 18,000
---------------------------------------------------------------------------- -------------------- ----------------------------------------
d) Aggregated information
-- Aggregated volume 18,000
-- Price 105p
------------- ------------------------------------------------------------- --------------------------------------------------------------
e) Date of the transaction 23 May 2022
------------- ------------------------------------------------------------- --------------------------------------------------------------
f) Place of the transaction Outside a trading venue
------------- ------------------------------------------------------------- --------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Name Martin Griffiths
------------ ------------------------------------------------------------- ---------------------------------------------------------------
2 Reason for the notification
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive
------------ ------------------------------------------------------------- ---------------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
------------ ------------------------------------------------------------- ---------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
------------ ------------------------------------------------------------- ---------------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
------------ ------------------------------------------------------------- ---------------------------------------------------------------
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
4 where transactions have been conducted
------------ ------------------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary Shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
------------ -------------------------------------------------------------- --------------------------------------------------------------
Acceptance of recommended all cash offer from Inframobility
b) Nature of the transaction UK Bidco Limited in respect of ordinary shares held
------------ -------------------------------------------------------------- --------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ -------------------------------------------------------------- -------------------- ----------------------------------------
Shares sold 105p 684,387
---------------------------------------------------------------------------- -------------------- ----------------------------------------
d) Aggregated information
-- Aggregated volume 684,387
-- Price 105p
------------- ------------------------------------------------------------- --------------------------------------------------------------
e) Date of the transaction 23 May 2022
------------- ------------------------------------------------------------- --------------------------------------------------------------
f) Place of the transaction Outside a trading venue
------------- ------------------------------------------------------------- --------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Name Ross Paterson
------------ ------------------------------------------------------------- ---------------------------------------------------------------
2 Reason for the notification
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Position/status Finance Director
------------ ------------------------------------------------------------- ---------------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
------------ ------------------------------------------------------------- ---------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
------------ ------------------------------------------------------------- ---------------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
------------ ------------------------------------------------------------- ---------------------------------------------------------------
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
4 where transactions have been conducted
------------ ------------------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary Shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
------------ -------------------------------------------------------------- --------------------------------------------------------------
Acceptance of recommended all cash offer from Inframobility
b) Nature of the transaction UK Bidco Limited in respect of ordinary shares held
------------ -------------------------------------------------------------- --------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ -------------------------------------------------------------- -------------------- ----------------------------------------
Shares sold 105p 450,555
---------------------------------------------------------------------------- -------------------- ----------------------------------------
d) Aggregated information
-- Aggregated volume 450,555
-- Price 105p
------------- ------------------------------------------------------------- --------------------------------------------------------------
e) Date of the transaction 23 May 2022
------------- ------------------------------------------------------------- --------------------------------------------------------------
f) Place of the transaction Outside a trading venue
------------- ------------------------------------------------------------- --------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Name Sir Brian Souter
------------ ------------------------------------------------------------- ---------------------------------------------------------------
2 Reason for the notification
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Position/status Non-Executive Director
------------ ------------------------------------------------------------- ---------------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
------------ ------------------------------------------------------------- ---------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
------------ ------------------------------------------------------------- ---------------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
------------ ------------------------------------------------------------- ---------------------------------------------------------------
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
4 where transactions have been conducted
------------ ------------------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary Shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
------------ -------------------------------------------------------------- --------------------------------------------------------------
Acceptance of recommended all cash offer from Inframobility
UK Bidco Limited in respect of ordinary shares held
b) Nature of the transaction on trust on behalf of children
------------ -------------------------------------------------------------- --------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ -------------------------------------------------------------- -------------------- ----------------------------------------
Shares sold 105p 404
---------------------------------------------------------------------------- -------------------- ----------------------------------------
d) Aggregated information
-- Aggregated volume 404
-- Price 105p
------------- ------------------------------------------------------------- --------------------------------------------------------------
e) Date of the transaction 23 May 2022
------------- ------------------------------------------------------------- --------------------------------------------------------------
f) Place of the transaction Outside a trading venue
------------- ------------------------------------------------------------- --------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Name Karen Thomson
------------ ------------------------------------------------------------- ---------------------------------------------------------------
2 Reason for the notification
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Position/status Non-Executive Director
------------ ------------------------------------------------------------- ---------------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
------------ ------------------------------------------------------------- ---------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
------------ ------------------------------------------------------------- ---------------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
------------ ------------------------------------------------------------- ---------------------------------------------------------------
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
4 where transactions have been conducted
------------ ------------------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary Shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
------------ -------------------------------------------------------------- --------------------------------------------------------------
Acceptance of recommended all cash offer from Inframobility
b) Nature of the transaction UK Bidco Limited in respect of ordinary shares held
------------ -------------------------------------------------------------- --------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ -------------------------------------------------------------- -------------------- ----------------------------------------
Shares sold 105p 11,071
---------------------------------------------------------------------------- -------------------- ----------------------------------------
d) Aggregated information
-- Aggregated volume 11,071
-- Price 105p
------------- ------------------------------------------------------------- --------------------------------------------------------------
e) Date of the transaction 25 May 2022
------------- ------------------------------------------------------------- --------------------------------------------------------------
f) Place of the transaction Outside a trading venue
------------- ------------------------------------------------------------- --------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Name Lynne Weedall
------------ ------------------------------------------------------------- ---------------------------------------------------------------
2 Reason for the notification
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Position/status Non-Executive Director
------------ ------------------------------------------------------------- ---------------------------------------------------------------
b) Initial notification/ Amendment This is an initial notification
------------ ------------------------------------------------------------- ---------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------ ------------------------------------------------------------------------------------------------------------------------------
a) Name Stagecoach Group plc
------------ ------------------------------------------------------------- ---------------------------------------------------------------
b) LEI 4L663LRNTBQ008OK2N07
------------ ------------------------------------------------------------- ---------------------------------------------------------------
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
4 where transactions have been conducted
------------ ------------------------------------------------------------------------------------------------------------------------------
Description of the financial instrument, type of instrument Ordinary Shares of 125/228p
a) Identification code ISIN: GB00B6YTLS95
------------ -------------------------------------------------------------- --------------------------------------------------------------
Acceptance of recommended all cash offer from Inframobility
b) Nature of the transaction UK Bidco Limited in respect of ordinary shares held
------------ -------------------------------------------------------------- --------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ -------------------------------------------------------------- -------------------- ----------------------------------------
Shares sold 105p 12,000
---------------------------------------------------------------------------- -------------------- ----------------------------------------
d) Aggregated information
-- Aggregated volume 12,000
-- Price 105p
------------- ------------------------------------------------------------- --------------------------------------------------------------
e) Date of the transaction 25 May 2022
------------- ------------------------------------------------------------- --------------------------------------------------------------
f) Place of the transaction Outside a trading venue
------------- ------------------------------------------------------------- --------------------------------------------------------------
For further information, please contact:
Analysts
Martin Griffiths, Chief Executive 01738 442111
Ross Paterson, Finance Director 07714 667 897
Media
Steven Stewart, Director of Corporate Communications 07764 774 680
25 May 2022
(END) Dow Jones Newswires
May 25, 2022 13:31 ET (17:31 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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