13th May 2015 14:00
BG Group plc
Notification of Interests in Shares
All of the following awards are within the terms, including any applicable limits, of BG Group plc's (the "Company") Remuneration Policy, as approved by the Company's shareholders at the Annual General Meeting on 15 May 2014.
Awards GRANTED under the BG Group plc Deferred Bonus Plan ("DBP")
The Company has today received notification that the following Executive Director of the Company was, on 12 May 2015, granted Deferred Bonus Plan Awards ("DBP Awards") in the form of nil cost options to acquire ordinary shares of 10p each in the Company ("Shares"), under the rules of the DBP.
Name, Position | Number of Shares awarded under DBP1 | Market price on the date of the DBP Awards |
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|
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Simon Lowth, Chief Financial Officer | 12,783 | £11.892 |
1 The excess of Annual Incentive Scheme (AIS) awards over 100% of base salary is automatically deferred for three years.
2 Based on the average of the BG Group plc closing price on the five trading days prior to the date of grant.
Awards GRANTED under the BG Group plc LONG TERM INCENTIVE PLAN 2008 ("LTIP")
The Company has also today received notification that the following Executive Directors of the Company were, on 12 May 2015, each granted the following Performance Share Awards ("PSAs") in the form of nil cost options to acquire Shares, in accordance with the rules of the LTIP.
Name, Position | Number of Shares awarded under LTIP | Market price on the date of the PSAs |
Helge Lund, Chief Executive | 756,938 | £11.892 |
Simon Lowth, Chief Financial Officer | 289,475 | £11.892 |
|
2 Based on the average of the BG Group plc closing price on the five trading days prior to the date of grant.
Royal Dutch Shell offer
The Board of BG Group confirms that, in the context of the prospective change of control of the Company following the recent announcement by Royal Dutch Shell of a recommended cash and share offer for the Company, no decisions have yet been made regarding vesting outcomes of unvested DBP Awards, PSAs (including those that are the subject of this announcement), or any other unvested share awards. The arrangements and/or terms for certain awards may in due course be subject to discussion or agreement with Royal Dutch Shell.
The Company will provide further updates to shareholders, as and when appropriate.
This announcement is made pursuant to DTR 3.1.4 R.
13 May 2015
Website: www.bg-group.com
Related Shares:
BG..L