Director/PDMR Shareholding Stagecoach Group plc: Director/PDMR shareholding
30 March 2017
Stagecoach Group plc (the " Company ") was yesterday notified of transactions in the holding structure by which Ann Gloag (a director of the Company) holds her and her family's interests in the Company's ordinary shares of 125/228th pence each (the " Ordinary Shares ").
Such Ordinary Shares are held by HGT Finance A Limited (" HGT A "). The number of Ordinary Shares held by HGT A (as more particularly described in the Company's announcement of 5 March 2015) has not changed. Furthermore, Ann Gloag will continue to exercise the voting rights in connection with the Ordinary Shares owned by HGT A through her membership of the board of HGT A and her shareholding in, and membership of the board of, Gloag Investments Group Limited, which is the holding company of HGT A.
Accordingly, there has been no change to either (a) the aggregate number of Ordinary Shares in which Ann Gloag and persons closely associated have an interest; or (b) the number of voting rights exercisable by Ann Gloag (as determined in accordance with the Disclosure Guidance and Transparency Rules).
However, the ultimate economic individual interests of Ann Gloag and certain persons closely associated with her in the Ordinary Shares have changed. The table set out below shows such changes in ultimate economic interests in Ordinary Shares and further details are set out in the notifications set out at the end of this announcement (which are made in accordance with the EU Market Abuse Regulation).
For further information, please contact:
Stagecoach Group plc www.stagecoach.com Mike Vaux, Company Secretary 01783 442111
Changes in the ultimate economic interests in Ordinary Shares
| | Change in ultimate economic interests in Ordinary Shares |
| Ann Gloag and persons closely associated |
| Ann Gloag | Decrease from 54,320,581 to 51,095,157 |
| David McLeary | Decrease from 112,134 to 87,502 |
| The Gloag No. 5 Trust (previously known as Ann Gloag's Trust for Peter Gathirwa Gloag formerly known as Ann Gloag's Trust for Peter Gathirwa) | Decrease from 141,024 to 112,503 |
| The Gloag No. 8 Trust (previously known as The Gloag Boys' Trust) | Decrease from 998,219 to 775,021 |
| The Gloag No. 4 Trust (previously known as Pamela Gloag's Liferent Trust) | Decrease from 2,235,559 to 1,737,548 |
| The Gloag No. 9 Trust (previously known as Sarah McCleary's Liferent Trust) | Decrease from 1,389,400 to 1,081,280 |
| The Gloag No. 1 Trust (previously known as The Ann Gloag Grandchildren's Trust formerly known as The Ann Gloag Children's Trust) | Decrease from 1,389,400 to 1,081,280 |
| The Gloag No. 6 Trust (previously known as Peter McCleary's Liferent Trust) | Decrease from 1,361,194 to 1,056,279 |
| The Gloag No. 2 Trust (previously known as Andrew McCleary's Trust formerly known as Ann Gloag's 2008 Discretionary Trust) | Decrease from 554,210 to 431,262 |
| Ann Heron Gloag Settlement | Increase from nil to 5,043,889 |
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons
| 1 | Details of the person discharging managerial responsibilities/person closely associated |
| a) | Name | Ann Gloag |
| 2 | Reason for the notification |
| a) | Position/status | Ann Gloag is a Non-executive Director of the Company |
| 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 125/228p ISIN: GB00B6YTLS95 |
| b) | Nature of the transaction | No Ordinary Shares have been transferred as a result of the transactions. However, the ultimate economic interest in the Ordinary Shares of the person subject to this announcement has decreased from 54,320,581 Ordinary Shares to 51,095,157 Ordinary Shares. The calculation of certain values in connection with the transactions have been carried out by reference to the average closing share price of the Ordinary Shares on the three dealing days prior to (and including) 24 March 2017. |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| | Ordinary Shares | GBP1.995 | 3,225,424 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable |
| e) | Date of the transaction | 2017-03-29 |
| f) | Place of the transaction | XLON |
| 1 | Details of the person discharging managerial responsibilities/person closely associated |
| a) | Name | David McLeary (being a person closely associated with Ann Gloag) |
| 2 | Reason for the notification |
| a) | Position/status | Ann Gloag is a Non-executive Director of the Company |
| 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 125/228p ISIN: GB00B6YTLS95 |
| b) | Nature of the transaction | No Ordinary Shares have been transferred as a result of the transactions. However, the ultimate economic interest in the Ordinary Shares of the person subject to this announcement has decreased from 112,134 Ordinary Shares to 87,502 Ordinary Shares. The calculation of certain values in connection with the transactions have been carried out by reference to the average closing share price of the Ordinary Shares on the three dealing days prior to (and including) 24 March 2017. |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| | Ordinary Shares | GBP1.995 | 24,632 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable |
| e) | Date of the transaction | 2017-03-29 |
| f) | Place of the transaction | XLON |
| 1 | Details of the person discharging managerial responsibilities/person closely associated |
| a) | Name | The Gloag No. 5 Trust (previously known as Ann Gloag's Trust for Peter Gathirwa Gloag formerly known as Ann Gloag's Trust for Peter Gathirwa) (being a person closely associated with Ann Gloag) |
| 2 | Reason for the notification |
| a) | Position/status | Ann Gloag is a Non-executive Director of the Company |
| 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 125/228p ISIN: GB00B6YTLS95 |
| b) | Nature of the transaction | No Ordinary Shares have been transferred as a result of the transactions. However, the ultimate economic interest in the Ordinary Shares of the person subject to this announcement has decreased from 141,024 Ordinary Shares to 112,503 Ordinary Shares. The calculation of certain values in connection with the transactions have been carried out by reference to the average closing share price of the Ordinary Shares on the three dealing days prior to (and including) 24 March 2017. |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| | Ordinary Shares | GBP1.995 | 28,521 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable |
| e) | Date of the transaction | 2017-03-29 |
| f) | Place of the transaction | XLON |
| 1 | Details of the person discharging managerial responsibilities/person closely associated |
| a) | Name | The Gloag No. 8 Trust (previously known as The Gloag Boys' Trust) (being a person closely associated with Ann Gloag) |
| 2 | Reason for the notification |
| a) | Position/status | Ann Gloag is a Non-executive Director of the Company |
| 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 125/228p ISIN: GB00B6YTLS95 |
| b) | Nature of the transaction | No Ordinary Shares have been transferred as a result of the transactions. However, the ultimate economic interest in the Ordinary Shares of the person subject to this announcement has decreased from 998,219 Ordinary Shares to 775,021 Ordinary Shares. The calculation of certain values in connection with the transactions have been carried out by reference to the average closing share price of the Ordinary Shares on the three dealing days prior to (and including) 24 March 2017. |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| | Ordinary Shares | GBP1.995 | 223,198 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable |
| e) | Date of the transaction | 2017-03-29 |
| f) | Place of the transaction | XLON |
| 1 | Details of the person discharging managerial responsibilities/person closely associated |
| a) | Name | The Gloag No. 4 Trust (previously known as Pamela Gloag's Liferent Trust) (being a person closely associated with Ann Gloag) |
| 2 | Reason for the notification |
| a) | Position/status | Ann Gloag is a Non-executive Director of the Company |
| 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 125/228p ISIN: GB00B6YTLS95 |
| b) | Nature of the transaction | No Ordinary Shares have been transferred as a result of the transactions. However, the ultimate economic interest in the Ordinary Shares of the person subject to this announcement has decreased from 2,235,559 Ordinary Shares to 1,737,548 Ordinary Shares. The calculation of certain values in connection with the transactions have been carried out by reference to the average closing share price of the Ordinary Shares on the three dealing days prior to (and including) 24 March 2017. |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| | Ordinary Shares | GBP1.995 | 498,011 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable |
| e) | Date of the transaction | 2017-03-29 |
| f) | Place of the transaction | XLON |
| 1 | Details of the person discharging managerial responsibilities/person closely associated |
| a) | Name | The Gloag No. 9 Trust (previously known as Sarah McCleary's Liferent Trust) (being a person closely associated with Ann Gloag) |
| 2 | Reason for the notification |
| a) | Position/status | Ann Gloag is a Non-executive Director of the Company |
| 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 125/228p ISIN: GB00B6YTLS95 |
| b) | Nature of the transaction | No Ordinary Shares have been transferred as a result of the transactions. However, the ultimate economic interest in the Ordinary Shares of the person subject to this announcement has decreased from 1,389,400 Ordinary Shares to 1,081,280 Ordinary Shares. The calculation of certain values in connection with the transactions have been carried out by reference to the average closing share price of the Ordinary Shares on the three dealing days prior to (and including) 24 March 2017. |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| | Ordinary Shares | GBP1.995 | 308,120 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable |
| e) | Date of the transaction | 2017-03-29 |
| f) | Place of the transaction | XLON |
| 1 | Details of the person discharging managerial responsibilities/person closely associated |
| a) | Name | The Gloag No. 1 Trust (previously known as The Ann Gloag Grandchildren's Trust formerly known as The Ann Gloag Children's Trust) (being a person closely associated with Ann Gloag) |
| 2 | Reason for the notification |
| a) | Position/status | Ann Gloag is a Non-executive Director of the Company |
| 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 125/228p ISIN: GB00B6YTLS95 |
| b) | Nature of the transaction | No Ordinary Shares have been transferred as a result of the transactions. However, the ultimate economic interest in the Ordinary Shares of the person subject to this announcement has decreased from 1,389,400 Ordinary Shares to 1,081,280 Ordinary Shares. The calculation of certain values in connection with the transactions have been carried out by reference to the average closing share price of the Ordinary Shares on the three dealing days prior to (and including) 24 March 2017. |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| | Ordinary Shares | GBP1.995 | 308,120 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable |
| e) | Date of the transaction | 2017-03-29 |
| f) | Place of the transaction | XLON |
| 1 | Details of the person discharging managerial responsibilities/person closely associated |
| a) | Name | The Gloag No. 6 Trust (previously known as Peter McCleary's Liferent Trust) (being a person closely associated with Ann Gloag) |
| 2 | Reason for the notification |
| a) | Position/status | Ann Gloag is a Non-executive Director of the Company |
| 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 125/228p ISIN: GB00B6YTLS95 |
| b) | Nature of the transaction | No Ordinary Shares have been transferred as a result of the transactions. However, the ultimate economic interest in the Ordinary Shares of the person subject to this announcement has decreased from 1,361,194 Ordinary Shares to 1,056,279 Ordinary Shares. The calculation of certain values in connection with the transactions have been carried out by reference to the average closing share price of the Ordinary Shares on the three dealing days prior to (and including) 24 March 2017. |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| | Ordinary Shares | GBP1.995 | 304,915 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable |
| e) | Date of the transaction | 2017-03-29 |
| f) | Place of the transaction | XLON |
| 1 | Details of the person discharging managerial responsibilities/person closely associated |
| a) | Name | The Gloag No. 2 Trust (previously known as Andrew McCleary's Trust formerly known as Ann Gloag's 2008 Discretionary Trust) (being a person closely associated with Ann Gloag) |
| 2 | Reason for the notification |
| a) | Position/status | Ann Gloag is a Non-executive Director of the Company |
| 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 125/228p ISIN: GB00B6YTLS95 |
| b) | Nature of the transaction | No Ordinary Shares have been transferred as a result of the transactions. However, the ultimate economic interest in the Ordinary Shares of the person subject to this announcement has decreased from 554,210 Ordinary Shares to 431,262 Ordinary Shares. The calculation of certain values in connection with the transactions have been carried out by reference to the average closing share price of the Ordinary Shares on the three dealing days prior to (and including) 24 March 2017. |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| | Ordinary Shares | GBP1.995 | 122,948 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable |
| e) | Date of the transaction | 2017-03-29 |
| f) | Place of the transaction | XLON |
| 1 | Details of the person discharging managerial responsibilities/person closely associated |
| a) | Name | Ann Heron Gloag Settlement (being a person closely associated with Ann Gloag) |
| 2 | Reason for the notification |
| a) | Position/status | Ann Gloag is a Non-executive Director of the Company |
| 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 125/228p ISIN: GB00B6YTLS95 |
| b) | Nature of the transaction | No Ordinary Shares have been transferred as a result of the transactions. However, the ultimate economic interest in the Ordinary Shares of the person subject to this announcement has increased from nil Ordinary Shares to 5,043,889 Ordinary Shares. The calculation of certain values in connection with the transactions have been carried out by reference to the average closing share price of the Ordinary Shares on the three dealing days prior to (and including) 24 March 2017. |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| | Ordinary Shares | GBP1.995 | 5,043,889 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable |
| e) | Date of the transaction | 2017-03-29 |
| f) | Place of the transaction | XLON |
