7th Sep 2009 18:07
A. Notification of Interests in Shares
1) Awards under the BG Group PLC long term incentive PLAN 2008 (LTIp)
BG Group plc has today received notification from the following Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs") that, on 7 September 2009, they were each granted the following Performance Share Awards ("Awards"), in the form of nil cost options* under the rules of the LTIP:
|
Name |
Number of ordinary shares of 10p each ("Shares") over which Award granted on 7 September 2009 |
Total number of Shares over which awards held under the LTIP & the BG Group Long Term Incentive Scheme |
|
Executive Directors |
||
|
Frank Chapman |
676,266 |
1,776,066 |
|
Ashley Almanza |
264,624 |
752,964 |
|
Martin Houston |
236,977 |
635,579 |
|
PDMRs |
||
|
Jørn Berget |
236,977 |
635,579 |
|
Charles Bland |
84,634 |
246,190 |
|
Robert Booker |
84,634 |
115,920 |
|
Mark Carne |
236,977 |
635,579 |
|
Sir John Grant |
84,634 |
84,634 |
|
Sami Iskander |
180,554 |
202,898 |
|
Catherine Tanna |
236,977 |
298,980 |
|
Graham Vinter |
129,773 |
245,450 |
Under normal circumstances, the options will not become exercisable until after the end of the 3 year vesting period which commenced on 7 September 2009. The vesting will be conditional upon the achievement of specified performance criteria over a 3 year period.
The number of Shares shown is the maximum number over which options could be exercised under the terms of the LTIP if the performance criteria were to be met in full.
* With the exception of the Award granted to Catherine Tanna, which is in the form of a conditional award of Shares.
2) Release of Shares under BG Group Long Term Incentive Scheme (LTIS)
BG Group plc has also received notification today from the following Executive Directors and PDMRs that, on 7 September 2009, they became entitled to the Shares set out in the table below, as a result of the vesting of awards allocated to them under the rules of the LTIS on 4 September 2006. Based upon the performance criteria which applied to these awards, 100% of the original allocations have vested and, in accordance with the rules of the LTIS, the Executive Directors and PDMRs have become entitled to additional Shares in respect of the dividends which would have been paid on the vested Shares during the vesting period. In transferring these Shares to the beneficiaries below, the Trustee of the LTIS has sold Shares, on account of the income tax and social security withholdings arising (together with the associated dealing costs) on this release, to enable the Company to settle these withholdings. As a result of the above, the Executive Directors' and PDMRs' individual interests in the Shares of BG Group plc are as follows:
|
Number of Shares vested on 7 September 2009 |
Number of additional Shares in respect of dividends paid during the vesting period |
Number of Shares sold on the London Stock Exchange for £10.1518 to cover tax and social security liabilities (and associated dealing costs) |
Shares transferred on 7 September 2009 |
Resulting Interest in Shares on 7 September 2009 after LTIS transfer |
|
|
Executive Directors |
|||||
|
Frank Chapman |
516,738 |
12,641 |
217,503 |
311,876 |
1,430,300 |
|
Ashley Almanza |
255,330 |
6,246 |
107,484 |
154,092 |
694,659 |
|
Martin Houston |
141,850 |
3,470 |
59,723 |
85,597 |
553,537 |
|
PDMRs |
|||||
|
Jørn Berget |
118,208 |
2,891 |
49,773 |
71,326 |
124,428 |
|
Charles Bland |
90,176 |
2,206 |
37,975 |
54,407 |
388,146 |
|
Robert Booker |
21,907 |
535 |
9,234 |
13,208 |
16,956 |
|
Mark Carne |
118,208 |
2,891 |
49,773 |
71,326 |
123,368 |
3) NOTIFICATION FROM martin houston (executive director)
The Company has also received notification from Martin Houston, Executive Director and Executive Vice President & Managing Director, Americas and Global LNG, that on 4 September 2009 he exercised options under the BG Group Company Share Option Scheme (CSOS) over 125,000 Shares at a price of £3.4733 per Share, 171,199 Shares at a price of £4.9942 per Share and 171,238 Shares at a price of £6.8983 per Share. He subsequently sold 342,855 Shares at £10.05 per Share.
Mr Houston has also notified that he transferred to his wife, at nil consideration, 110,896 Shares on 4 September 2009 and a further 557,705 Shares on 7 September 2009
Following the above transactions, Mr Houston's interests in the ordinary share capital of BG Group plc are 678,119 Shares, representing 0.02% of the Shares in issue.
4) notification from mark carne (Pdmr)
The Company has also received notification from Mark Carne, Executive Vice President & Managing Director Europe and Central Asia, that he transferred to his wife, at nil consideration, 50,149 Shares on 4 September 2009 and a further 71,326 Shares on 7 September 2009
Mr Carne's interests in the ordinary share capital of BG Group plc are therefore still 123,368 Shares, representing 0.004% of the Shares in issue.
B. TRANSACTION IN OWN SHARES
BG Group plc announces that it has today transferred 2,609,942 Shares to the Trustee of its Long Term Incentive Scheme to satisfy awards made to participants which have vested under the Scheme. The Trustee has sold 1,037,667 of the Shares to cover the associated dealing costs and meet the income tax and social security withholdings arising on this release, to enable the Company to settle these withholdings. All the Shares were formerly held in Treasury.
Following the above transfer, BG Group plc holds 222,204,290 Shares in Treasury and has a total of 3,364,499,654 Shares (excluding Shares held in Treasury) in issue.
These announcements are made pursuant to DTR 3.1.4.
7 September 2009
Website www.bg-group.com
Related Shares:
BG..L