19th Apr 2017 11:54
John Laing Group plc
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.
On 19 April 2017, 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 | 262,680 |
Patrick O'Donnell Bourke | 175,030 |
Other PDMRs | |
Chris Waples | 102,960 |
Carolyn Cattermole | 70,090 |
No consideration was paid for the grant of the awards which are structured as nil cost options.
The vesting of an award is ordinarily subject to the grantee's continued service until the third anniversary of the grant of the awards and 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).
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 | Olivier Brousse | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer | ||||
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 | Receipt of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015. The award will normally vest on the third anniversary of grant subject to continued service and only to the extent to which performance conditions are met. Once exercisable, the award will then normally remain exercisable until the day before the tenth anniversary of the date of grant. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 19 April 2017 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Patrick O'Donnell Bourke | ||||
2 | Reason for the notification | |||||
a) | Position/status | Group Finance Director | ||||
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 | Receipt of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015. The award will normally vest on the third anniversary of grant subject to continued service and only to the extent to which performance conditions are met. Once exercisable, the award will then normally remain exercisable until the day before the tenth anniversary of the date of grant. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 19 April 2017 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Chris Waples | ||||
2 | Reason for the notification | |||||
a) | Position/status | Group Managing Director, Asset Management | ||||
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 | Receipt of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015. The award will normally vest on the third anniversary of grant subject to continued service and only to the extent to which performance conditions are met. Once exercisable, the award will then normally remain exercisable until the day before the tenth anniversary of the date of grant. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction
| ||||
e) | Date of the transaction | 19 April 2017 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Carolyn Cattermole | ||||
2 | Reason for the notification | |||||
a) | Position/status |
Group General Counsel and Company Secretary | ||||
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 | Receipt of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015. The award will normally vest on the third anniversary of grant subject to continued service and only to the extent to which performance conditions are met. Once exercisable, the award will then normally remain exercisable until the day before the tenth anniversary of the date of grant. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction
| ||||
e) | Date of the transaction | 19 April 2017 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
Enquiries:
Carolyn Cattermole
Group General Counsel and Company Secretary
John Laing Group plc
1 Kingsway
London
WC2B 6AN
Tel: 020 7901 3200
Related Shares:
JLG.L