4th Sep 2013 14:00
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 2013, they were each granted the following Performance Share Awards(i) ("Awards"), in the form of nil cost options(ii) under the rules of the LTIP:
Number of ordinary shares of 10p each ("Shares") over which Performance Share Awards were granted on 4 September 2013 | Number of Shares over which Group Share Awards were granted on 4 September 2013 | |
Executive Directors | ||
Chris Finlayson | 469,879 | - |
Martin Houston | 264,742 | - |
Den Jones | 21,767 | 9,795 |
PDMRs | ||
Robert Booker | 98,088 | - |
Malcolm Brown | 173,212 | - |
Christopher Cox | 164,096 | - |
Sir John Grant | 79,839 | - |
Sami Iskander | 214,783 | - |
Matt Schatzman | 221,196 | - |
Graham Vinter | 117,706 | - |
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 2013. Vesting of Performance Share Awards is conditional upon the achievement of specified performance criteria over a 3 year period. Following vesting, under normal circumstances, 50% of the net vested Performance shares will be held on behalf of the participant for a further two years.
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 (excluding dividend equivalent shares).
(i) Den Jones is interim Chief Financial Officer and therefore still eligible to receive Group Share Awards.
(ii) With the exception of the Award granted to Matt Schatzman, which is in the form of a conditional award of Shares.
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, 2,305,000 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 2013.
Following the above transfer, BG Group plc holds 209,437,865 Shares in Treasury and has a total of 3,407,118,644 Shares (excluding Shares held in Treasury) in issue.
This announcement is made pursuant to LR 12.6.4.
4 September 2013
Website www.bg-group.com
Related Shares:
BG..L