BBGI Global Infrastructure S.A. Director/PDMR Shareholding (5298W)
13 December 2023 - 1:48AM
UK Regulatory
TIDMBBGI
RNS Number : 5298W
BBGI Global Infrastructure S.A.
12 December 2023
12 December 2023
BBGI Global Infrastructure S.A. ("the Company")
Director / PDMR Shareholding
In accordance with the requirements of Article 19 of the UK
Market Abuse Regulation, the Company announces that it was notified
of the following transactions in the Company's Ordinary Shares
undertaken by directors / persons discharging managerial
responsibility ('PDMRs') and persons closely associated with them
('PCAs').
The resulting holdings of each of the individuals are as
follows:
Director / PDMR Shares held as at 12 December
2023
Michael Denny
(CFO / Management Board Director) 650,485
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
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 and 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 Purchase of Shares
-------------------------------- -------------------------------------------------
c. Price(s) and volume(s) Price Volume Total
GBP1.305343 20,000 GBP26,106.86
------- -------------
-------------------------------- -------------------------------------------------
d. Aggregated information As in 4 c) above
- Aggregated volume
- Price
-Total Value
-------------------------------- -------------------------------------------------
e. Date of the transaction 12 December 2023
-------------------------------- -------------------------------------------------
f. Place of the transaction London Stock Exchange - XLON
-------------------------------- -------------------------------------------------
FOR FURTHER INFORMATION, PLEASE CONTACT:
BBGI Management Team +352 263 479-1
Duncan Ball, CEO Designate
--------------------------------
Michael Denny, CFO O Designate
--------------------------------
H/Advisors Maitland (Communications BBGI-maitland@h-advisors.global
advisor)
--------------------------------
James Benjamin + 44(0) 7747 113 930
--------------------------------
Rachel Cohen +44(0) 20 7379 5151
--------------------------------
NOTES
BBGI Global Infrastructure S.A. (BBGI) is a responsible
infrastructure investment company and a constituent of the FTSE
250. We invest in and actively manage for the long-term a globally
diversified, low-risk portfolio of essential social infrastructure
investments on which people rely every day, such as schools,
hospitals, transport, fire and police stations and affordable
housing . Our purpose is to deliver healthier, safer and more
connected societies, while creating sustainable value for all our
stakeholders.
BBGI is committed to delivering stable and predictable cash
flows with progressive long-term dividend growth and attractive,
sustainable, returns for shareholders. Through our proactive and
disciplined approach to active asset management and prudent
financial management, and with a strong focus on ESG, we preserve
and enhance the value of our investments, and deliver well
maintained social infrastructure that serve and support local
communities and end users.
All of BBGI's investments are availability-style and supported
by secure public sector-backed contracted revenues, with high
quality inflation-linkage. Availability-style means that our
revenues are paid so long as the assets are available for use, and
we maintain a consistently high level of asset availability of
99.9%.
BBGI's investment portfolio is 100% operational with all its
investments located across highly rated investment grade countries
with stable, well developed operating environments.
BBGI's in-house management team is incentivised by shareholder
returns and consistently maintains low comparative ongoing charges
to shareholders.
BBGI is targeting dividends of 7.93 pence and 8.40 pence per
ordinary share for the twelve months ending 31 December 2023 and 31
December 2024, respectively, representing a 6% increase year on
year, and a dividend target of 8.57pps for 2025: all are expected
to be fully cash-covered**.
Further information about BBGI is available on its website at
www.bb-gi.com *
The Company's LEI: 529900CV0RWCOP5YHK95
Any reference to the Company or BBGI refers also to its
subsidiaries (where applicable).
* Neither the Company's website nor the content of any website
accessible from hyperlinks on its website (or any other website) is
(or is deemed to be) incorporated into, or forms (or is deemed to
form) part of this announcement.
** These are guidance levels or targets only and not a profit
forecast and there can be no assurance that they will be met.
END
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END
DSHBSBDDISBDGXD
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December 12, 2023 09:48 ET (14:48 GMT)
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