23rd Mar 2010 17:30
BG GROUP PLC
NOTIFICATION OF INTERESTS IN SHARES
1. Announcement relating to allocations under the BG Group Long Term Incentive Scheme (LTIS)
BG Group plc has today received notification from the following Persons Discharging Managerial Responsibilities ("PDMRs") that, on 23 March 2010, the 2007 LTIS Allocations granted to them on 5 September 2007 were partially exchanged for equivalent restricted share awards. BG Group plc has also today received notification that on 23 March 2010 the trustee of the BG Group plc Employee Share Trust 2008 (the Trustee) sold the number of ordinary shares of 10p each ("Shares") specified in the table below, on behalf of the same PDMRs, to cover the tax liability due on the exchange. Details of these transactions are set out below.
|
Name of PDMR |
Number of Shares subject to original allocation which have been exchanged |
Number of Shares sold on the London Stock Exchange at a price of £11.7409 to cover tax and social security liabilities (and associated dealing costs) |
Number of Shares subject to Exchanged Awards |
|
Ashley Almanza |
206,412 |
84,818 |
121,594 |
|
Jørn Berget |
159,296 |
65,462 |
93,834 |
|
Robert Booker |
16,934 |
6,968 |
9,966 |
|
Frank Chapman |
442,740 |
181,779 |
260,961 |
|
Martin Houston |
159,296 |
65,462 |
93,834 |
|
Alistair Williams* |
20,788 |
8,553 |
12,235 |
*Alistair Williams was appointed Interim Deputy Director of Finance on 11 November 2009. During this interim role he is considered to be a Person Discharging Managerial Responsibility, as defined by section 96B(1) of the Financial Services and Markets Act 2000.
The Exchanged Awards will be subject to the same terms as the original LTIS allocations and will not be released until after the end of the 3 year performance period which began on 5 September 2007. The release of the Shares is also conditional upon continued employment until 5 September 2010.
2. Announcement relating to awards under the BG Group plc Deferred Bonus Plan (DBP)
BG Group plc has today received notification from the following PDMRs that, on 23 March 2010, (i) the Bonus Deferral Awards granted to them on 10 March 2009 (the "2009 Awards") were exchanged for equivalent restricted share awards; and (ii) Bonus Deferral Awards in the form of restricted share awards were granted to them for 2010 (the "2010 Awards").
BG Group plc has also today received notification that on 23 March 2010 the Trustee, on behalf of the same PDMRs, sold the number of ordinary shares of 10p each ("Shares") specified in the table below to cover the tax liability due on the exchange of the 2009 Awards and the grant of the 2010 Awards.
Details of these transactions are set out below.
2009 Awards
|
Name of PDMR |
Number of Shares subject to 2009 Award |
Number of Shares sold on the London Stock Exchange at a price of £11.7409 to cover tax and social security liabilities (and associated dealing costs) |
Number of Shares remaining subject to exchanged award |
|
Ashley Almanza |
23,693 |
9,748 |
13,945 |
|
Jørn Berget |
17,955 |
7,388 |
10,567 |
|
Frank Chapman |
91,389 |
37,564 |
53,825 |
|
Martin Houston |
17,955 |
7,388 |
10,567 |
2010 Awards
|
Name of PDMR |
Number of Shares subject to 2010 Award |
Number of Shares sold on the London Stock Exchange at a price of £11.7409 to cover tax and social security liabilities (and associated dealing costs) |
Number of Shares remaining subject to award |
|
Jørn Berget |
6,336 |
2,607 |
3,729 |
|
Frank Chapman |
38,438 |
15,808 |
22,630 |
|
Martin Houston |
6,336 |
2,607 |
3,729 |
The remaining Shares under award continue to be subject to the original terms and will not be released until after the end of the 3 year deferral period which, in respect of 2009 Awards, began on 10 March 2009 and, in respect of 2010 Awards, began on 23 March 2010. The release of Shares is conditional upon continued employment until the end of the relevant deferral period.
3. Transaction in own Shares
BG Group plc announces that on 23 March 2010 it transferred 1,876,115 Shares to the Trustee in connection with the LTIS allocation exchange detailed above. All the Shares were formerly held in Treasury.
Following the above transfer, BG Group plc holds 220,262,454 Shares in Treasury and has a total of 3,379,378,276 Shares (excluding Shares held in Treasury) in issue.
4. Frank Chapman
The Company has received notification today from Frank Chapman, Chief Executive that on 23 March 2010 his wife, Kari Chapman, sold 1,713,414 shares at a price of £11.81 per share. Following this sale Frank Chapman immediately purchased 1,703,185 shares at a price of £11.81 per share. 10,229 shares were sold at a price of £11.81 to cover dealing costs.
As a result, Mr Chapman's interests in the ordinary share capital of BG Group plc are 1,710,878 shares, representing 0.05% of the shares in issue. In addition to this holding Mr Chapman continues to hold awards over 3,311,624 shares under the Company's long term incentive and option plans (including the restricted share awards referred to above),
5. Ashley Almanza
The Company has also received notification today from Ashley Almanza, Chief Financial Officer of the following transactions in shares:
A. That on 22 March 2010 he exercised options under the BG Group Company Share Option Scheme over 308,228 shares at a price of £6.8983 per share. Subsequently the 308,228 shares arising from this exercise were sold at a price of £11.792862 per share.
B. That on 23 March 2010 he sold 411, 245 shares at a price of £11.885, these shares were immediately acquired by his wife, Gillian Almanza, at the same price £11.885.
C. That on 23 March 2010 he sold 121,700 shares at a price of £11.848709.
As a result, Mr Almanza's interests in the ordinary share capital of BG Group plc are 418,938 shares, representing 0.012% of the shares in issue. In addition to this holding Mr Almanza continues to hold awards over 986,461 shares under the Company's long term incentive and option plans (including the restricted share awards referred to above),
These announcements are made pursuant to DTR 3.1.4.
23 March 2010
Website www.bg-group.com
Related Shares:
BG..L