25th Mar 2013 16:18
BG GROUP PLC
NOTIFICATION OF INTERESTS IN SHARES
1. Awards under the BG Group plc Voluntary Bonus Deferral Plan (VBDP)
BG Group plc ("the Company") has today received notification from the following Persons Discharging Managerial Responsibilities ("PDMRs") that, on 25 March 2013, Deferred Share Awards ("Awards") in the form of nil cost options over ordinary shares of 10p each ("Shares") were granted to them under the rules of the VBDP. The VBDP provides eligible employees with the opportunity to voluntarily choose to receive a proportion of their bonus which would ordinarily be paid in cash in the form of an Award over Shares.
Details of these Awards are set out below.
Name of PDMR | Number of Shares over which Award granted on 25 March 2013 |
Malcolm Brown | 15,407 |
John Grant | 19,027 |
Under normal circumstances, the Awards will vest and become exercisable after the end of a three month deferral period which commenced on 25 March 2013. Vested Awards may be exercised at any time up to the fifth anniversary of the date of grant of the Award.
2. Vesting of Awards under the BG Group plc Deferred Bonus Plan (DBP)
The Company has today received notification from the Executive Director and PDMR regarding the vesting of Awards under the DBP. Mr. Houston's award was granted in the form of a restricted share award and Mr. Schatzman's in the form of a conditional award on 23 March 2010, the awards both vested on 23 March 2013 and the resulting Shares were subsequently transferred to them.
In accordance with the rules of the DBP, the Executive Directors and PDMRs have also become entitled to additional Shares in respect of the dividends which would have been paid on the vested Shares during the vesting period. In addition, the Trustee of the Company's Employee Share Trust has today sold sufficient Shares on behalf of the individuals to allow the Company to settle the income tax and social security withholdings (together with the associated dealing costs) arising as a result of this vesting and release.
These transactions, along with the Executive Director's and PDMR's individual interests in the Company's Shares, are detailed in the table below:
Shares vesting on 23 March 2013 | Number of additional Shares in respect of dividends paid during the vesting period | Number of Shares sold on the London Stock Exchange for £11.635 to cover tax and social security liabilities (and associated dealing costs) | Total number of Shares transferred on 23 March 2013 | Resulting Interest in Shares on 23 March 2013 | |
Executive Director | |||||
Martin Houston |
3,729 |
227 |
120 |
3,836 |
911,364 |
PDMR | |||||
Matt Schatzman |
15,448 |
554 |
6,360 |
9,642 |
98,447 |
These announcements are made pursuant to DTR 3.1.4.
25 March 2013
Website www.bg-group.com
Related Shares:
BG..L