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Director/PDMR Shareholding

19th May 2021 10:20

RNS Number : 1441Z
John Laing Group plc
19 May 2021
 

19 May 2021

 

John Laing Group plc (the "Company") 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them in accordance with the Market Abuse Regulations. 

Long-Term Incentive Plan Grant

On 19 May 2021, awards over ordinary shares of 10p each (the "Shares") in the Company were made to certain PDMRs under the John Laing Group plc Long-Term Incentive Plan 2015 ("LTIP"), as follows:

PDMR

Number of Shares under award

Ben Loomes

294,182

Rob Memmott

210,946

Justin Bailey

87,414

Ariam Enraght-Moony

51,513

Anthony Philips

95,843

Clare Underwood

72,440

Mark Westbrook

64,391

No consideration was paid for the grant of the awards which are structured as nil-cost options or, in the case of Anthony Philips, who is resident in the US, a conditional award.

The vesting of an award is ordinarily subject to the grantee's continued service until the third anniversary of the grant of the awards and the satisfaction of performance conditions (measuring the Company's net asset value growth and relative total shareholder return performance over a performance period comprising three financial years). Once vested, the awards structured as nil cost options are ordinarily exercisable until 19 May 2031. Shares acquired under Ben Loomes and Rob Memmott's awards are subject to a two year post award vesting date holding period (on a net of tax basis).

Details of the full notifications received by the Company are set out below. 

 

 

 

1 

 

Details of the person discharging managerial responsibilities / person closely associated 

 

 

a) 

 

Name 

 

Ben Loomes

 

 

2 

 

Reason for the notification 

 

 

a) 

 

Position/status 

 

Chief Executive Officer

 

 

b) 

 

Initial notification/Amendment 

 

Initial Announcement 

 

 

3 

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

 

 

a) 

 

Name 

 

John Laing Group plc 

 

 

b) 

 

LEI 

 

213800GLLXRSIIKN6I12 

 

 

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 10 pence each in John Laing Group plc 

 

GB00BVC3CB83

 

 

 b) 

 Nature of the transaction 

Grant of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015.

 

 

c) 

 

Price(s) and volume(s) 

 

Award of Shares - LTIP

 

Price(s) 

 

Volume(s) 

GBP00.0000

 

294,182

 

d) 

Aggregated information 

- Aggregated volume 

- Price 

 

N/A (Single Transaction)

e) 

Date of the transaction 

19 May 2021

f) 

Place of the transaction 

Outside a trading venue 

 

 

1 

 

Details of the person discharging managerial responsibilities / person closely associated 

 

 

a) 

 

Name 

 

Rob Memmott

 

 

2 

 

Reason for the notification 

 

 

a) 

 

Position/status 

 

Chief Financial Officer

 

 

b) 

 

Initial notification/Amendment 

 

Initial Announcement 

 

 

3 

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

 

 

a) 

 

Name 

 

John Laing Group plc 

 

 

b) 

 

LEI 

 

213800GLLXRSIIKN6I12 

 

 

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 10 pence each in John Laing Group plc 

 

GB00BVC3CB83

 

 

 b) 

 Nature of the transaction 

Grant of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015.

 

 

c) 

 

Price(s) and volume(s) 

 

Award of Shares - LTIP

 

Price(s) 

 

Volume(s) 

GBP00.0000

 

210,946

 

d) 

Aggregated information 

- Aggregated volume 

- Price 

 

N/A (Single Transaction)

e) 

Date of the transaction 

19 May 2021

f) 

Place of the transaction 

Outside a trading venue 

 

 

1 

 

Details of the person discharging managerial responsibilities / person closely associated 

 

 

a) 

 

Name 

 

Justin Bailey

 

 

2 

 

Reason for the notification 

 

 

a) 

 

Position/status 

 

Co-Head PPP & Greenfield Project

 

 

b) 

 

Initial notification/Amendment 

 

Initial Announcement 

 

 

3 

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

 

 

a) 

 

Name 

 

John Laing Group plc 

 

 

b) 

 

LEI 

 

213800GLLXRSIIKN6I12 

 

 

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 10 pence each in John Laing Group plc 

 

GB00BVC3CB83

 

 

 b) 

 Nature of the transaction 

Grant of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015.

 

 

c) 

 

Price(s) and volume(s) 

 

Award of Shares - LTIP

 

Price(s) 

 

Volume(s) 

GBP00.0000

 

87,414

 

d) 

Aggregated information 

- Aggregated volume 

- Price 

 

N/A (Single Transaction)

e) 

Date of the transaction 

19 May 2021

f) 

Place of the transaction 

Outside a trading venue 

 

 

1 

 

Details of the person discharging managerial responsibilities / person closely associated 

 

 

a) 

 

Name 

 

Ariam Enraght-Moony

 

 

2 

 

Reason for the notification 

 

 

a) 

 

Position/status 

 

Group HR Director

 

 

b) 

 

Initial notification/Amendment 

 

Initial Announcement 

 

 

3 

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

 

 

a) 

 

Name 

 

John Laing Group plc 

 

 

b) 

 

LEI 

 

213800GLLXRSIIKN6I12 

 

 

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 10 pence each in John Laing Group plc 

 

GB00BVC3CB83

 

 

 b) 

 Nature of the transaction 

Grant of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015.

 

 

c) 

 

Price(s) and volume(s) 

 

Award of Shares - LTIP

 

Price(s) 

 

Volume(s) 

GBP00.0000

 

51,513

 

d) 

Aggregated information 

- Aggregated volume 

- Price 

 

N/A (Single Transaction)

e) 

Date of the transaction 

19 May 2021

f) 

Place of the transaction 

Outside a trading venue 

 

 

1 

 

Details of the person discharging managerial responsibilities / person closely associated 

 

 

a) 

 

Name 

 

Anthony Phillips

 

 

2 

 

Reason for the notification 

 

 

a) 

 

Position/status 

 

Co-Head PPP & Greenfield Project

 

 

b) 

 

Initial notification/Amendment 

 

Initial Announcement 

 

 

3 

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

 

 

a) 

 

Name 

 

John Laing Group plc 

 

 

b) 

 

LEI 

 

213800GLLXRSIIKN6I12 

 

 

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 10 pence each in John Laing Group plc 

 

GB00BVC3CB83

 

 

 b) 

 Nature of the transaction 

Grant of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015.

 

 

c) 

 

Price(s) and volume(s) 

 

Award of Shares - LTIP

 

Price(s) 

 

Volume(s) 

GBP00.0000

 

95,843

 

d) 

Aggregated information 

- Aggregated volume 

- Price 

 

N/A (Single Transaction)

e) 

Date of the transaction 

19 May 2021

f) 

Place of the transaction 

Outside a trading venue 

 

 

1 

 

Details of the person discharging managerial responsibilities / person closely associated 

 

 

a) 

 

Name 

 

Clare Underwood

 

 

2 

 

Reason for the notification 

 

 

a) 

 

Position/status 

 

Chief Operating Officer and Group Company Secretary

 

 

b) 

 

Initial notification/Amendment 

 

Initial Announcement 

 

 

3 

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

 

 

a) 

 

Name 

 

John Laing Group plc 

 

 

b) 

 

LEI 

 

213800GLLXRSIIKN6I12 

 

 

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 10 pence each in John Laing Group plc 

 

GB00BVC3CB83

 

 

 b) 

 Nature of the transaction 

Grant of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015.

 

 

c) 

 

Price(s) and volume(s) 

 

Award of Shares - LTIP

 

Price(s) 

 

Volume(s) 

GBP00.0000

 

72,440

 

d) 

Aggregated information 

- Aggregated volume 

- Price 

 

N/A (Single Transaction)

e) 

Date of the transaction 

19 May 2021

f) 

Place of the transaction 

Outside a trading venue 

 

 

1 

 

Details of the person discharging managerial responsibilities / person closely associated 

 

 

a) 

 

Name 

 

Mark Westbrook

 

 

2 

 

Reason for the notification 

 

 

a) 

 

Position/status 

 

Managing Director, Group - Investments &Portfolio

 

 

b) 

 

Initial notification/Amendment 

 

Initial Announcement 

 

 

3 

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

 

 

a) 

 

Name 

 

John Laing Group plc 

 

 

b) 

 

LEI 

 

213800GLLXRSIIKN6I12 

 

 

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 10 pence each in John Laing Group plc 

 

GB00BVC3CB83

 

 

 b) 

 Nature of the transaction 

Grant of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015.

 

 

c) 

 

Price(s) and volume(s) 

 

Award of Shares - LTIP

 

Price(s) 

 

Volume(s) 

GBP00.0000

 

64,391

 

d) 

Aggregated information 

- Aggregated volume 

- Price 

 

N/A (Single Transaction)

e) 

Date of the transaction 

19 May 2021

f) 

Place of the transaction 

Outside a trading venue 

 

Enquiries:  

 

Clare Underwood 

Group Company Secretary 

John Laing Group plc 

1 Kingsway 

London  

WC2B 6AN 

Tel: 020 7901 3300 

 

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END
 
 
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