18th Mar 2011 11:30
BG GROUP PLC
NOTIFICATION OF INTERESTS IN SHARES
1. Awards under the BG Group plc Deferred Bonus Plan (DBP)
BG Group plc (the "Company") has today received notification from the following Persons Discharging Managerial Responsibility ("PDMR"s) that on 18 March 2011, Deferred Bonus Awards ("Awards") in the form of nil cost options* over ordinary shares of 10p each (Shares) were granted to them under the rules of the DBP.
Details of these Awards are set out below.
Name of PDMR | Number of Shares over which Award granted on 18 March 2011 | |
Ashley Almanza | 7,471 | |
Jørn Berget | 5,870 | |
Frank Chapman | 36,290 | |
Martin Houston | 5,870 | |
Catherine Tanna | 8,597 | |
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Under normal circumstances, the Awards will not vest and become exercisable until after the end of the 3 year vesting period which commenced on 18 March 2011. Once vested, the Awards may be exercised at any time up to the tenth anniversary of the date of grant. The vesting of the Awards is conditional upon continued employment until the end of the three year vesting period.
*With the exception of the Award granted to Catherine Tanna, which is in the form of a conditional award of Shares. On vesting of this Award shares are transferred to the participant.
2. Awards under the BG Group plc Voluntary Bonus Deferral Plan (VBDP)
The Company has today received notification from the following PDMRs that, on 18 March 2011, Deferred Share Awards ("Awards") in the form of nil cost options over Shares* were granted to them under the rules of the VBDP. The VBDP provides eligible employees with the opportunity to voluntarily choose to receive a proportion of their bonus which would ordinarily be paid in cash in the form of an Award over Shares.
Details of these Awards are set out below.
Name of PDMR | Number of Shares over which Award granted on 18 March 2011 |
Christopher Finlayson | 17,344 |
John Grant | 9,006 |
Martin Houston | 35,690 |
Sami Iskander | 26,684 |
Catherine Tanna | 10,489 |
Under normal circumstances, the Awards will vest and become exercisable after the end of a three month deferral period which commenced on 18 March 2011. Vested Awards may be exercised at any time up to the fifth anniversary of the date of grant of the Award.
*With the exception of the Award granted to Catherine Tanna, which is in the form of a phantom nil-cost option over Shares.
3. Award under the BG Group plc Long Term Incentive Plan 2008 (LTIP)
The Company has also received notification today from the following PDMR that on 18 March 2011 he was granted a Performance Share Award ("Award") in the form of a nil cost option over Shares under the rules of the LTIP. This is a one-off Award in connection with his appointment as Chief Financial Officer which will take effect on 31 March 2011.
Details of this Award are set out below.
Name of PDMR | Number of Shares over which Award granted on 18 March 2011 |
Fabio de Oliveira Barbosa | 189,014 |
Under normal circumstances the Award will vest and become exercisable three years following the date of grant. Once vested, the Award may be exercised at any time up to the tenth anniversary of the date of grant. Vesting is conditional upon the achievement of specified performance conditions over the three year performance period and subject to continued employment.
4. Jørn Berget - Executive Vice President & Managing Director, BG Advance
The Company has today received notification from Jørn Berget that, on 17 March 2011, he exercised an option to purchase 4,183 Shares under the terms of the BG Group Sharesave Scheme at an option price of £3.95 per Share. He immediately transferred the 4,183 Shares to his wife at nil consideration.
As a result, Mr Berget's interests in the ordinary share capital of BG Group plc have increased to 112,681 Shares, representing 0.003% of the Shares in issue.
These announcements are made pursuant to DTR 3.1.4.
18 March 2011
Website www.bg-group.com
Related Shares:
BG..L