9th Sep 2013 17:00
Notification of Interests in Shares
VESTING OF Awards under the BG Group PLC long term incentive PLAN 2008 (LTIp)
BG Group plc (the Company) has today received notification from the Person Discharging Managerial Responsibility (PDMR) detailed below that the Award (which was granted in the form of a conditional award of Shares) granted to him under the LTIP on 7 September 2010 vested in respect of the number of Shares shown in the table below, and that such Shares were subsequently transferred to him(i). In accordance with the terms of the Award, the PDMR also became entitled to additional Shares in respect of the dividends which would have been paid on the vested Shares during the vesting period. In addition, the Trustee of the Company's Employee Share Trust has sold sufficient Shares to allow the Company to settle the income tax and social security withholdings (together with the associated dealing costs) arising as a result of the vesting. These transactions, along with the resulting interest in the Company's Shares, are detailed in the table below:
Number of Shares over which Group Share Award granted on 7 September 2010(i) and which vested on 7 September 2013 | Number of additional Shares in respect of dividends paid during the vesting period | Number of Shares sold for £12.2182 to cover tax and social security liabilities (and associated dealing costs) | Total number of Shares transferred on 9 September 2013 | Resulting Interest in Shares on 9 September 2013 | ||||||
PDMR |
| |||||||||
Matt Schatzman | 13,924 | 510 | 6,077 | 8,357 | 106,804 | |||||
(i) Matt Schatzman was not a member of the Group Executive Committee on 7 September 2010 and accordingly was eligible to be granted Group Share Awards under the terms of the LTIP. These awards vested in accordance with his terms of grant.
This announcement is made pursuant to DTR 3.1.4.
9 September 2013
Website www.bg-group.com
Related Shares:
BG..L