15th Apr 2016 13:18
JOHN LAING GROUP PLC
Announcement to the London Stock Exchange
This notification is made in accordance with DTR 3.1.4(1)(a).
On 15 April 2016, awards over ordinary shares of 10p each (the "Shares") in John Laing Group plc (the "Company") were made to certain persons discharging managerial responsibilities ("PDMRs") under the John Laing Group plc Long-Term Incentive Plan 2015, as follows:
Name of PDMR | Number of Shares under award |
Executive Directors | |
Olivier Brousse | 330,330 |
Patrick O'Donnell Bourke | 219,270 |
Other PDMRs | |
Derek Potts | 172,510 |
Chris Waples | 154,740 |
Carolyn Cattermole | 105,350 |
No consideration was paid for the grant of the awards which are structured as nil cost options.
The vesting of an award is subject to 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.
The awards will normally vest on the third anniversary of grant and will then normally remain exercisable until the day before the tenth anniversary of the date of grant in each case ordinarily provided the individual remains an employee or officer of the Group.
The Company was informed of the above transactions on 15 April 2016 and the transactions took place in the UK.
Carolyn Cattermole, Group General Counsel and Company Secretary
Related Shares:
JLG.L