3rd Sep 2008 17:57
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 2 September 2008, they were each granted the following Performance Share Awards ("Awards") under the rules of the LTIP:
|
Name |
Number of ordinary shares of 10p each ("Shares") over which Award granted on 2 September 2008 |
Total number of Shares over which awards held under the LTIP & the BG Group Long Term Incentive Scheme |
|
Executive Directors |
||
|
Frank Chapman |
546,374 |
1,616,538 |
|
Ashley Almanza |
230,324 |
743,670 |
|
PDMRs |
||
|
Jørn Berget |
199,481 |
516,810 |
|
Charles Bland |
74,546 |
251,732 |
|
Mark Carne |
199,481 |
516,810 |
|
Peter Duffy |
82,258 |
263,991 |
|
Stuart Fysh |
199,481 |
550,584 |
|
Martin Houston |
199,481 |
540,452 |
|
Graham Vinter |
115,677 |
115,677 |
Under normal circumstances, the Shares will not be released until after the end of the 3 year vesting period which commenced on 2 September 2008. The release will be conditional upon the achievement of specified performance criteria over a 3 year period.
The number of Shares shown is the maximum number which could be released under the terms of the LTIP if the performance criteria were to be met in full.
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 3 September 2008, 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 2 September 2005. Based upon the performance criteria which applied to these awards, 100% of the original allocations have vested. In transferring these Shares to the beneficiaries below, the Trustee 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 3 September 2008 |
Number of Shares sold to cover tax and social security liabilities (and associated dealing costs) |
Shares transferred on 3 September 2008 |
Resulting Interest in Shares on 3 September 2008 after LTIS transfer |
|
|
Executive Directors |
||||
|
Frank Chapman |
673,768 |
276,820 |
396,948 |
1,115,591 |
|
Ashley Almanza |
371,563 |
152,668 |
218,895 |
540,132 |
|
PDMRs |
||||
|
Jørn Berget |
188,259 |
77,363 |
110,896 |
131,219 |
|
Charles Bland |
148,625 |
61,080 |
87,545 |
333,303 |
|
Mark Carne* |
188,259 |
77,363 |
110,896 |
112,354 |
|
Peter Duffy |
148,625 |
61,080 |
87,545 |
265,314 |
|
Stuart Fysh |
188,259 |
77,363 |
110,896 |
519,777 |
|
Martin Houston |
188,259 |
77,363 |
110,896 |
467,667 |
* See also 3) below
3) FURTHER Release of Shares under Long Term Incentive Scheme (LTIS)
BG Group plc has also received notification today from Mark Carne (a PDMR) that, on 3 September 2008, the Shares set out in the table below were transferred to him, as a result of the vesting of awards allocated to him under the rules of the LTIS on 17 June 2005. Based upon the performance criteria which applied to this award, 100% of the original allocation has vested. In transferring these Shares to the beneficiary below, the Trustee has sold Shares, on account of the income tax and social security withholdings (and associated dealing costs) arising on this release, to enable the Company to settle these withholdings. As a result of the above, Mark Carne's interests in the Shares of BG Group plc are as follows:
|
Number of Shares vested on 17 June 2008 |
Number of Shares sold to cover tax and social security liabilities (and associated dealing costs) |
Shares transferred on 3 September 2008 |
Resulting Interest in Shares on 3 September 2008 after both LTIS transfers |
|
|
Mark Carne |
66,660 |
27,407 |
39,253 |
151,607 |
B. TRANSACTION IN OWN SHARES
BG Group plc announces that it has today transferred 4,875,214 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 1,870,658 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 225,462,941 Shares in Treasury and has a total of 3,351,857,108 Shares (excluding Shares held in Treasury) in issue.
3 September 2008
Website www.bg-group.com
Related Shares:
BG..L