TIDMBBGI

RNS Number : 3316B

BBGI Global Infrastructure S.A.

01 June 2023

1 June 2023

BBGI Global Infrastructure S.A.

(the "Company")

Notification of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them ("PCA")

Notification is given that the LTIP awards for 2019-2022 originally granted on 23 December 2019 have vested and that the relevant number of shares in the Company been issued to the relevant participants yesterday, 31 May 2023, in accordance with the rules of the LTIP and the relevant performance criteria. Notification is further given that the STIP awards for the financial year ended 31 December 2022, one third of which was to be settled in shares, after taking into account any tax liability, have also vested and the relevant number of shares have been issued to the participants yesterday, 31 May 2023. No payment by the participants was required for the grant of the awards, on vesting, or on issue.

The individual vested awards were as follows;

 
      Director/PDMR        Total Vested Shares   Total Vested Shares 
                               - LTIP Award          -STIP Award 
  Duncan Ball - Co-CEO           152,125               178,114 
                          --------------------  -------------------- 
 Frank Schramm - Co-CEO          152,683               173,585 
                          --------------------  -------------------- 
   Michael Denny - CFO           25,445                111,179 
                          --------------------  -------------------- 
      Total Shares               330,253               462,878 
                          --------------------  -------------------- 
 

A portion of the above awards were settled in cash in order to realise sufficient funds to settle resultant tax and social security liabilities arising from the vesting, with only the net number of shares being issued to each individual as follows;

 
      Director/PDMR        Total Issued Shares 
  Duncan Ball - Co-CEO           178,375 
                          -------------------- 
 Frank Schramm - Co-CEO          172,106 
                          -------------------- 
   Michael Denny - CFO           88,481 
                          -------------------- 
      Total Shares               438,962 
                          -------------------- 
 

Director / PDMR Shareholding

 
       Details of the person discharging managerial responsibilities/person 
  1.    closely associated 
 a.    Name                                               Duncan Ball 
      --------------------------------  ----------------------------------------------- 
       Reason for the notification 
  2. 
      --------------------------------------------------------------------------------- 
 a.    Position / Status                       Management Board Director / Co-CEO 
      --------------------------------  ----------------------------------------------- 
 b.    Initial Notification /                               Initial 
        Amendment 
      --------------------------------  ----------------------------------------------- 
       Details of the issuer, emission allowance market participant, auction 
  3.    platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------- 
 a.    Name                                     BBGI Global Infrastructure S.A. 
      --------------------------------  ----------------------------------------------- 
 b.    LEI                                            529900CV0RWCOP5YHK95 
      --------------------------------  ----------------------------------------------- 
       Details of the transaction(s): 
  4.    [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              Ordinary Shares - No Par Value 
        instrument, type of instrument 
                                                       ISIN - LU0686550053 
        Identification code 
      --------------------------------  ----------------------------------------------- 
 b.    Nature of the transaction              1. Issuance of Shares pursuant to 2019-22 
                                                                 LTIP 
                                               2. Issuance of Shares pursuant to FY2022 
                                                                 STIP 
      --------------------------------  ----------------------------------------------- 
 c.    Price(s) and volume(s)                Price       Volume 
                                                1. Nil    78,876 
                                                         -------- 
                                                2. Nil    99,499 
                                                         -------- 
                                           Total          178,375 
                                                         -------- 
      --------------------------------  ----------------------------------------------- 
 d.    Aggregated information                           As in 4 c) above 
 
        - Aggregated volume 
        - Price 
        -Total Value 
      --------------------------------  ----------------------------------------------- 
 e.    Date of the transaction                            31 May 2023 
      --------------------------------  ----------------------------------------------- 
 f.    Place of the transaction                               n/a 
      --------------------------------  ----------------------------------------------- 
 

Director / PDMR Shareholding

 
       Details of the person discharging managerial responsibilities/person 
  1.    closely associated 
 a.    Name                                              Frank Schramm 
      --------------------------------  ----------------------------------------------- 
       Reason for the notification 
  2. 
      --------------------------------------------------------------------------------- 
 a.    Position / Status                       Management Board Director / Co-CEO 
      --------------------------------  ----------------------------------------------- 
 b.    Initial Notification /                               Initial 
        Amendment 
      --------------------------------  ----------------------------------------------- 
       Details of the issuer, emission allowance market participant, auction 
  3.    platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------- 
 a.    Name                                     BBGI Global Infrastructure S.A. 
      --------------------------------  ----------------------------------------------- 
 b.    LEI                                            529900CV0RWCOP5YHK95 
      --------------------------------  ----------------------------------------------- 
       Details of the transaction(s): 
  4.    [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              Ordinary Shares - No Par Value 
        instrument, type of instrument 
                                                       ISIN - LU0686550053 
        Identification code 
      --------------------------------  ----------------------------------------------- 
 b.    Nature of the transaction              1. Issuance of Shares pursuant to 2019-22 
                                                                 LTIP 
                                               2. Issuance of Shares pursuant to FY2022 
                                                                 STIP 
      --------------------------------  ----------------------------------------------- 
 c.    Price(s) and volume(s)                Price       Volume 
                                                1. Nil    80,540 
                                                         -------- 
                                                2. Nil    91,566 
                                                         -------- 
                                           Total          172,106 
                                                         -------- 
      --------------------------------  ----------------------------------------------- 
 d.    Aggregated information                           As in 4 c) above 
 
        - Aggregated volume 
        - Price 
        -Total Value 
      --------------------------------  ----------------------------------------------- 
 e.    Date of the transaction                            31 May 2023 
      --------------------------------  ----------------------------------------------- 
 f.    Place of the transaction                               n/a 
      --------------------------------  ----------------------------------------------- 
 

Director / PDMR Shareholding

 
       Details of the person discharging managerial responsibilities/person 
  1.    closely associated 
 a.    Name                                              Michael Denny 
      --------------------------------  ----------------------------------------------- 
       Reason for the notification 
  2. 
      --------------------------------------------------------------------------------- 
 a.    Position / Status                        Management Board Director / CFO 
      --------------------------------  ----------------------------------------------- 
 b.    Initial Notification /                               Initial 
        Amendment 
      --------------------------------  ----------------------------------------------- 
       Details of the issuer, emission allowance market participant, auction 
  3.    platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------- 
 a.    Name                                     BBGI Global Infrastructure S.A. 
      --------------------------------  ----------------------------------------------- 
 b.    LEI                                            529900CV0RWCOP5YHK95 
      --------------------------------  ----------------------------------------------- 
       Details of the transaction(s): 
  4.    [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              Ordinary Shares - No Par Value 
        instrument, type of instrument 
                                                       ISIN - LU0686550053 
        Identification code 
      --------------------------------  ----------------------------------------------- 
 b.    Nature of the transaction              1. Issuance of Shares pursuant to 2019-22 
                                                                 LTIP 
                                               2. Issuance of Shares pursuant to FY2022 
                                                                 STIP 
      --------------------------------  ----------------------------------------------- 
 c.    Price(s) and volume(s)                Price       Volume 
                                                1. Nil    15,826 
                                                         ------- 
                                                2. Nil    72,655 
                                                         ------- 
                                           Total          88,481 
                                                         ------- 
      --------------------------------  ----------------------------------------------- 
 d.    Aggregated information                           As in 4 c) above 
 
        - Aggregated volume 
        - Price 
        -Total Value 
      --------------------------------  ----------------------------------------------- 
 e.    Date of the transaction                            31 May 2023 
      --------------------------------  ----------------------------------------------- 
 f.    Place of the transaction                               n/a 
      --------------------------------  ----------------------------------------------- 
 

For further information, please contact:

   BBGI Global Infrastructure S.A.     +352 26 34 79-1 

Duncan Ball

Frank Schramm

END

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