4th Sep 2012 16:30
A. Notification of Interests in Shares
Awards GRANTED under the BG Group PLC long term incentive PLAN 2008 (LTIp)
BG Group plc (the "Company") has today received notification from the following Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs") that, on 4 September 2012, they were each granted the following Performance Share Awards ("Awards"), in the form of nil cost options(i) under the rules of the LTIP:
Number of ordinary shares of 10p each ("Shares") over which Award granted on 4 September 2012 |
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Executive Directors |
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Sir Frank Chapman | 574,517 |
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Fabio Barbosa | 247,158 |
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Chris Finlayson | 213,853 |
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Martin Houston | 247,158 |
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PDMRs |
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Ashley Almanza(ii) | 12,058 |
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Robert Booker | 91,669 |
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Sir John Grant | 70,177 |
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Sami Iskander | 200,531 |
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Matt Schatzman | 180,298 |
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Graham Vinter | 109,871 |
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Under normal circumstances, the Awards will not vest and become exercisable until after the end of the 3 year vesting period which commenced on 4 September 2012. Vesting is conditional upon the achievement of specified performance criteria over a 3 year period.
The number of Shares shown is the maximum number over which Awards could vest/be exercised under the terms of the LTIP if the performance criteria were to be met in full(ii).
(i) With the exception of the Award granted to Matt Schatzman, which is in the form of a conditional award of Shares.
(ii) Ashley Almanza has indicated his intention to leave BG Group no later than 18 December 2012. Accordingly the numbers included in the table reflect the maximum number of Shares which may vest and be transferred to him following his cessation of employment assuming that (a) the performance criteria are met in full and (b) his employment ceases on the latest possible date.
This announcement is made pursuant to DTR 3.1.4.
B. TRANSACTION IN OWN SHARES
BG Group plc announces that it has today transferred from Treasury, for nil consideration, 3,400,000 Shares to the Trustee of its Employee Share Trust to satisfy awards made to participants which are due to vest under the LTIP on 7 September 2012.
Following the above transfer, BG Group plc holds 212,147,392 Shares in Treasury and has a total of 3,401,021,005 Shares (excluding Shares held in Treasury) in issue.
This announcement is made pursuant to LR 12.6.4.
4 September 2012
Website www.bg-group.com
Related Shares:
BG..L