National Express Group PLC Change of Name (8517Y)
10 Mayo 2023 - 1:00AM
UK Regulatory
TIDMNEX
RNS Number : 8517Y
National Express Group PLC
10 May 2023
10 May 2023
NATIONAL EXPRESS GROUP PLC
Change of Name
National Express Group PLC ("National Express" or "the Group"),
a leading international transport provider, announces that it will
change its name to "Mobico Group PLC" ("Mobico"), effective from
early June 2023.
The Board of Directors believes that the Mobico name better
reflects the Group's international nature and its diverse range of
mobility services, as it continues to lead the modal shift to mass
transit.
The Group's operating subsidiaries will retain their well-known
customer-facing brands and National Express will still be used in
connection with the Group's UK national coach network and certain
other businesses. All significant brand names used across the
Group's global operations including Alsa, WeDriveU, Peterman and
Durham School Services will also be retained.
The new corporate name will not involve any operational or
structural changes to the Group or any of its subsidiaries and will
be implemented in a cost effective way.
A further announcement will be made in due course when the name
change becomes effective at which point the Group will adopt a new
stock ticker, "MCG". Until such an announcement is made, trading
will continue under the existing "NEX" ticker.
Ignacio Garat, National Express Group Chief Executive, said:
"Whilst National Express is a highly valued consumer brand, Mobico
better represents our multi-modal operations, global reach and
future ambitions. We remain focused on providing best-in-class
services and delivering our Evolve strategy, with the intent of
establishing Mobico Group as the world's premier shared mobility
operator."
Enquiries
National Express Group PLC
John Dean, Investor Relations Director 0121 803 2580
Headland
Stephen Malthouse 07734 956201
Matt Denham 07551 825496
About National Express
National Express is a leading, international shared mobility
provider with bus, coach and rail services in the UK, North
America, continental Europe, North Africa and the Middle East.
Notes to Editors
A Special Resolution was passed at the 2022 Annual General
Meeting permitting the Board of Directors to change the Group's
name. The Board has now decided to implement the change, which will
be effective from early June 2023. A further announcement will be
made when the process has been completed.
Legal Entity Identifier: 213800A8IQEMY8PA5X34
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END
CANALMFTMTJMBMJ
(END) Dow Jones Newswires
May 10, 2023 02:00 ET (06:00 GMT)
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