Director/PDMR Shareholding
May 25 2022 - 1:31PM
Director/PDMR Shareholding
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 125/228thp 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 125/228thp (“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.
|
Name of director |
Role |
Number of RSP Awards/ Ordinary Shares 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.
|
1 |
Details of the person discharging managerial
responsibilities/person 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 |
|
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
|
a) |
Name |
Stagecoach Group plc |
|
b) |
LEI |
4L663LRNTBQ008OK2N07 |
|
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 125/228pISIN: GB00B6YTLS95 |
|
b) |
Nature of the transaction |
Receipt, for nil consideration, of 888,425 Ordinary shares on the
vesting of Deferred Share awards under the Stagecoach Group plc
2013 Executive Participation Plan. |
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
Deferred Shares received |
Nil consideration |
888,425 |
|
|
|
|
|
d) |
Aggregated information — Aggregated volume — Price |
Not Applicable |
|
e) |
Date of the transaction |
23 May 2022 |
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial
responsibilities/person 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 |
|
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
|
a) |
Name |
Stagecoach Group plc |
|
b) |
LEI |
4L663LRNTBQ008OK2N07 |
|
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 125/228pISIN: GB00B6YTLS95 |
|
b) |
Nature of the transaction |
Acceptance of recommended all cash offer by Inframobility UK Bidco
Limited for shares allotted under vesting 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 — Price |
888,425105p |
|
e) |
Date of the transaction |
23 May 2022 |
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial
responsibilities/person 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 |
|
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
|
a) |
Name |
Stagecoach Group plc |
|
b) |
LEI |
4L663LRNTBQ008OK2N07 |
|
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 125/228pISIN: GB00B6YTLS95 |
|
b) |
Nature of the transaction |
Receipt, for nil consideration, of 592,328 Ordinary shares on the
vesting of Deferred Share awards under the Stagecoach Group plc
2013 Executive Participation Plan. |
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
Deferred Shares received |
Nil consideration |
592,328 |
|
|
|
|
|
d) |
Aggregated information — Aggregated volume — Price |
Not Applicable |
|
e) |
Date of the transaction |
23 May 2022 |
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial
responsibilities/person 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 |
|
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
|
a) |
Name |
Stagecoach Group plc |
|
b) |
LEI |
4L663LRNTBQ008OK2N07 |
|
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 125/228pISIN: GB00B6YTLS95 |
|
b) |
Nature of the transaction |
Acceptance of recommended all cash offer by Inframobility UK Bidco
Limited for shares allotted under vesting 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 — Price |
592,328105p |
|
e) |
Date of the transaction |
23 May 2022 |
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial
responsibilities/person 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 |
|
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
|
a) |
Name |
Stagecoach Group plc |
|
b) |
LEI |
4L663LRNTBQ008OK2N07 |
|
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 125/228pISIN: GB00B6YTLS95 |
|
b) |
Nature of the transaction |
Receipt, for nil consideration, of 294,405 Ordinary shares on the
vesting of awards under the Restricted Share Plan. |
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
Shares received |
Nil consideration |
294,405 |
|
|
|
|
|
d) |
Aggregated information — Aggregated volume — Price |
Not Applicable |
|
e) |
Date of the transaction |
23 May 2022 |
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial
responsibilities/person 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 |
|
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
|
a) |
Name |
Stagecoach Group plc |
|
b) |
LEI |
4L663LRNTBQ008OK2N07 |
|
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 125/228pISIN: GB00B6YTLS95 |
|
b) |
Nature of the transaction |
Acceptance of recommended all cash offer by Inframobility UK Bidco
Limited for shares allotted under vesting 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 — Price |
294,405105p |
|
e) |
Date of the transaction |
23 May 2022 |
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial
responsibilities/person 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 |
|
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
|
a) |
Name |
Stagecoach Group plc |
|
b) |
LEI |
4L663LRNTBQ008OK2N07 |
|
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 125/228pISIN: GB00B6YTLS95 |
|
b) |
Nature of the transaction |
Receipt, for nil consideration, of 196,285 Ordinary shares on the
vesting of awards under the Restricted Share Plan. |
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
Shares received |
Nil consideration |
196,285 |
|
|
|
|
|
d) |
Aggregated information — Aggregated volume — Price |
Not Applicable |
|
e) |
Date of the transaction |
23 May 2022 |
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial
responsibilities/person 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 |
|
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
|
a) |
Name |
Stagecoach Group plc |
|
b) |
LEI |
4L663LRNTBQ008OK2N07 |
|
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 125/228pISIN: GB00B6YTLS95 |
|
b) |
Nature of the transaction |
Acceptance of recommended all cash offer by Inframobility UK Bidco
Limited for shares allotted under vesting 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 — Price |
196,285105p |
|
e) |
Date of the transaction |
23 May 2022 |
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial
responsibilities/person 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 |
|
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
|
a) |
Name |
Stagecoach Group plc |
|
b) |
LEI |
4L663LRNTBQ008OK2N07 |
|
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 125/228pISIN: GB00B6YTLS95 |
|
b) |
Nature of the transaction |
Acceptance of recommended all cash offer from Inframobility UK
Bidco Limited in respect of shares held under the 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 — Price |
9,042105p |
|
e) |
Date of the transaction |
23 May 2022 |
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial
responsibilities/person 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 |
|
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
|
a) |
Name |
Stagecoach Group plc |
|
b) |
LEI |
4L663LRNTBQ008OK2N07 |
|
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 125/228pISIN: GB00B6YTLS95 |
|
b) |
Nature of the transaction |
Acceptance of recommended all cash offer from Inframobility UK
Bidco Limited in respect of shares held under the 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 — Price |
9,042105p |
|
e) |
Date of the transaction |
23 May 2022 |
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial
responsibilities/person 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 |
|
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
|
a) |
Name |
Stagecoach Group plc |
|
b) |
LEI |
4L663LRNTBQ008OK2N07 |
|
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 125/228pISIN: GB00B6YTLS95 |
|
b) |
Nature of the transaction |
Acceptance of recommended all cash offer from Inframobility 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 — Price |
18,000105p |
|
e) |
Date of the transaction |
23 May 2022 |
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial
responsibilities/person 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 |
|
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
|
a) |
Name |
Stagecoach Group plc |
|
b) |
LEI |
4L663LRNTBQ008OK2N07 |
|
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 125/228pISIN: GB00B6YTLS95 |
|
b) |
Nature of the transaction |
Acceptance of recommended all cash offer from Inframobility 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 — Price |
684,387105p |
|
e) |
Date of the transaction |
23 May 2022 |
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial
responsibilities/person 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 |
|
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
|
a) |
Name |
Stagecoach Group plc |
|
b) |
LEI |
4L663LRNTBQ008OK2N07 |
|
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 125/228pISIN: GB00B6YTLS95 |
|
b) |
Nature of the transaction |
Acceptance of recommended all cash offer from Inframobility 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 — Price |
450,555105p |
|
e) |
Date of the transaction |
23 May 2022 |
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial
responsibilities/person 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 |
|
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
|
a) |
Name |
Stagecoach Group plc |
|
b) |
LEI |
4L663LRNTBQ008OK2N07 |
|
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 125/228pISIN: GB00B6YTLS95 |
|
b) |
Nature of the transaction |
Acceptance of recommended all cash offer from Inframobility UK
Bidco Limited in respect of ordinary shares held 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 — Price |
404105p |
|
e) |
Date of the transaction |
23 May 2022 |
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial
responsibilities/person 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 |
|
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
|
a) |
Name |
Stagecoach Group plc |
|
b) |
LEI |
4L663LRNTBQ008OK2N07 |
|
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 125/228pISIN: GB00B6YTLS95 |
|
b) |
Nature of the transaction |
Acceptance of recommended all cash offer from Inframobility 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 — Price |
11,071105p |
|
e) |
Date of the transaction |
25 May 2022 |
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial
responsibilities/person 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 |
|
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
|
a) |
Name |
Stagecoach Group plc |
|
b) |
LEI |
4L663LRNTBQ008OK2N07 |
|
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 125/228pISIN: GB00B6YTLS95 |
|
b) |
Nature of the transaction |
Acceptance of recommended all cash offer from Inframobility 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 — Price |
12,000105p |
|
e) |
Date of the transaction |
25 May 2022 |
|
f) |
Place of the transaction |
Outside a trading venue |
For further information, please
contact:AnalystsMartin Griffiths, Chief
Executive 01738
442111Ross Paterson, Finance
Director 07714
667 897MediaSteven Stewart, Director of Corporate Communications
07764 774 68025 May
2022
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