19th Mar 2012 17:00
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 19 March 2012, 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 19 March 2012 | |
Ashley Almanza | 2,421 | |
Fabio Barbosa | 2,290 | |
Sir Frank Chapman | 29,581 | |
Martin Houston | 7,264 | |
Sami Iskander | 7,264 | |
Matt Schatzman | 4,970 | |
| ||
Under normal circumstances, the Awards will not vest and become exercisable until after the end of the 3 year vesting period which commenced on 19 March 2012. 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 Matt Schatzman, which is in the form of a conditional award over Shares.
2. Awards under the BG Group plc Voluntary Bonus Deferral Plan (VBDP)
The Company has today received notification from the following PDMRs that, on 19 March 2012, 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 19 March 2012 |
Fabio Barbosa | 44,502 |
Chris Finlayson | 22,120 |
Catherine Tanna | 5,683 |
Under normal circumstances, the Awards will vest and become exercisable after the end of a three month deferral period which commenced on 19 March 2012. 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.
These announcements are made pursuant to DTR 3.1.4.
19 March 2012
Website www.bg-group.com
Related Shares:
BG..L