19th May 2020 09:15
19 May 2020
John Laing Group plc (the "Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them in accordance with the Market Abuse Regulations.
Long-Term Incentive Plan Grant
On 15 May 2020, awards over ordinary shares of 10p each (the "Shares") in the Company were made to certain PDMRs under the John Laing Group plc Long-Term Incentive Plan 2015 ("LTIP"), as follows:
PDMR | Number of Shares under award |
Ben Loomes | 267,795 |
No consideration was paid for the grant of the award which is 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). Once vested, the awards structured as nil cost options are ordinarily exercisable until 15 May 2030. Shares acquired under Ben's award are subject to a two year post award vesting date holding period (on a net of tax basis).
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 |
Ben Loomes
| ||||
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 | Grant of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015.
| ||||
c) |
Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A (Single Transaction) | ||||
e) | Date of the transaction | 15 May 2020 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries:
Clare Underwood
Group Company Secretary
John Laing Group plc
1 Kingsway
London
WC2B 6AN
Tel: 020 7901 3300
Related Shares:
JLG.L