FIRSTGROUP PLC - Director/PDMR Shareholding
PR Newswire
London, August 4
FirstGroup plc
LEI: 549300DEJZCPWA4HKM93
4 August 2021
Director/PDMR Shareholding
Grant of award under the FirstGroup Long-Term Incentive Plan ("LTIP")
FirstGroup plc (the "Company") announces that on 2 August 2021, the Company granted a nil-cost option over 934,274 Ordinary Shares of £0.05 each in the capital of the Company to Chief Financial Officer, Ryan Mangold.
The LTIP award will normally vest on the third anniversary of the date of award subject to satisfaction of performance conditions and continued employment.
In light of the continuing uncertainty regarding the duration of social distancing measures in our major markets, the pace and shape of the broader economic recovery and the impact of material portfolio changes, FirstGroup's Remuneration Committee (the "Committee") will delay the setting of targets for the 2021 LTIP awards until there is greater clarity regarding these factors. The targets will be set no later than six months following the grant date, and these will be fully disclosed in the 2022 Directors' Remuneration Report.
As is normal practice, the Committee will ensure that any vesting is appropriate in the context of underlying financial performance and the experience of the Group's wider stakeholders. The Committee retains the ability to apply discretion when determining remuneration outcomes to ensure that the value at vesting is fully reflective of the performance delivered.
This notification is made in accordance with Article 19 of the Market Abuse Regulation (EU) 596/2014.
Enquiries:
Seema Kamboj, Deputy Company Secretary
+44 (0) 7583 675724
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 |
| 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 | Grant of nil-cost option to acquire shares under the LTIP | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated Information - Aggregated volume - Price | 934,274 £0.00 | ||||
| e) | Date of the transaction | 2 August 2021 | ||||
| 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 | ||||||
