21st May 2021 11:27
21 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.
Acquisitions and related disposals under the Long-Term Incentive Plan
The Company has been notified that the following ordinary shares of 10 pence each in the capital of the Company were acquired under the John Laing Group plc Long-Term Incentive Plan 2015 (the "LTIP") and sold by PDMRs as set out below. The acquisitions and sales relate to the exercise of nil-cost options (or in the case of Anthony Phillips, who is resident in the US, the settlement of a conditional award) granted under the LTIP on 18 April 2018 which vested following the end of a three-year vesting period in accordance with the satisfaction of performance targets set out in the LTIP.
Date | PDMR | No. of shares acquired under the LTIP | No. of shares sold | Price per share | No. of shares retained |
19 May 2021 | Anthony Phillips | 61,473 | 21,333 | 400.80p | 40,140 |
20 May 2021 | Mark Westbrook | 21,679 | 10,226 | 404.40p | 11,453 |
Acquisitions and related disposals under the Deferred Share Bonus Plan
The Company was further notified that the following ordinary shares of 10 pence each in the capital of the Company were acquired under the John Laing Group plc Deferred Share Bonus Plan (the "DSBP") and sold by PDMRs as set out below. The acquisitions and sales relate to the exercise of the settlement of the second tranche of a conditional award granted under the DSBP on 18 April 2018, and the third tranche of a conditional award granted under the DSBP on 10 April 2019 for Anthony Phillips, and the first and second tranche of nil-cost options granted under the DSBP on 10 April 2019 for Mark Westbrook.
Date | PDMR | No. of shares acquired under the DSBP | No. of shares sold | Price per share | No. of shares retained |
19 May 2021 | Anthony Phillips | 10,875 | 3,773 | 400.80p | 7,102 |
20 May 2021 | Mark Westbrook | 1,279 | 603 | 404.40p | 676 |
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 |
Anthony Phillips
| ||||||
2 |
Reason for the notification
| |||||||
a) |
Position/status |
Co-Head PPP & Greenfield Projects
| ||||||
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 | Acquisition of ordinary shares upon the vesting of a conditional award under the John Laing Group plc Long-Term Incentive Plan 2015.
| ||||||
c) |
Price(s) and volume(s)
|
| ||||||
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 | ||||||
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 | Acquisition of ordinary shares upon the vesting of a conditional award under the John Laing Group plc Deferred Share Bonus Plan 2015.
| ||||||
c) |
Price(s) and volume(s)
2018 Award
2019 Award |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
10,875 GBP00.0000
| ||||||
e) | Date of the transaction | 19 May 2021 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
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 | Disposal of ordinary shares acquired on the settlement of an award under the John Laing Group plc Long-Term Incentive Plan 2015. Sufficient sales for tax liability only.
| ||||||
c) |
Price(s) and volume(s)
|
| ||||||
d) | Aggregated information - Aggregated volume - Price |
N/A (Single Transaction) | ||||||
e) | Date of the transaction | 19 May 2021 | ||||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||||
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 | Disposal of ordinary shares acquired on the settlement of an award under the John Laing Group plc Deferred Share Bonus Plan 2015. Sufficient sales for tax liability and disposal of balance of shares.
| ||||||
c) |
Price(s) and volume(s)
2018 Award
2019 Award
|
| ||||||
d) | Aggregated information - Aggregated volume - Price |
3,773 GBP4.008
| ||||||
e) | Date of the transaction | 19 May 2021 | ||||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||||
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 | Acquisition of ordinary shares upon the exercise of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015.
| ||||
c) |
Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A (Single Transaction) | ||||
e) | Date of the transaction | 20 May 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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 | Acquisition of ordinary shares upon the exercise of a nil cost option award under the John Laing Group plc Deferred Share Bonus Plan 2015.
| ||||
c) |
Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A (Single Transaction)
| ||||
e) | Date of the transaction | 20 May 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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 | Disposal of ordinary shares acquired on the settlement of an award under the John Laing Group plc Long-Term Incentive Plan 2015. Sufficient sales for tax liability only.
| ||||
c) |
Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A (Single Transaction) | ||||
e) | Date of the transaction | 21 May 2021 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||
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 | Disposal of ordinary shares acquired on the settlement of an award under the John Laing Group plc Deferred Share Bonus Plan 2015. Sufficient sales for tax liability and disposal of balance of shares.
| ||||
c) |
Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A (Single Transaction) | ||||
e) | Date of the transaction | 20 May 2021 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||
Enquiries:
Clare Underwood
Group Company Secretary
John Laing Group plc
1 Kingsway
London
WC2B 6AN
Tel: 020 7901 3300
Related Shares:
JLG.L