TIDMJLG
RNS Number : 0976W
John Laing Group plc
12 April 2019
12 April 2019
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 10 April 2019, 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
Olivier Brousse 215,892
-----------------------
Justin Bailey 68,993
-----------------------
Salim Bensmail 38,795
-----------------------
Anthony Philips 90,465
-----------------------
Clare Underwood 39,795
-----------------------
Mark Westbrook 52,806
-----------------------
No consideration was paid for the grant of the awards which are
structured as nil-cost options or, in the case of Anthony Philips,
who is resident in the US, a conditional award.
The vesting of an award is ordinarily subject to the grantee's
continued service until the third anniversary if 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 10 April 2029. Shares
acquired under Olivier Brousse's award are subject to a two year
post award vesting date holding period (on a net of tax basis).
Deferred Share Bonus Plan Grant
On 10 April 2019, awards over Shares in the Company were granted
under the John Laing Group plc Deferred Share Bonus Plan 2015
("DSBP") to certain PDMRs as follows:
PDMR Number of Shares under
award
Olivier Brousse 25,612
-----------------------
Patrick O'Donnell Bourke 18,193
-----------------------
Justin Bailey 14,033
-----------------------
Salim Bensmail 1,793
-----------------------
Anthony Philips 10,430
-----------------------
Mark Westbrook 1,836
-----------------------
Each award is structured as a nil-cost option or conditional
award (in the case of Anthony Philips) each comprising three equal
tranches that shall ordinarily vest on the first, second and third
anniversary of the grant of the award respectively subject to
continued service. Once vested a tranche, in the case of the
nil-cost options, is then ordinarily exercisable until 10 April
2029.
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 Olivier Brousse
--------------------------------- ----------------------------------------------
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 Ordinary Shares of 10 pence each in
instrument, type of John Laing Group plc
instrument
GB00BVC3CB83
Identification code
--------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the John Laing Group plc Long-Term Incentive
Plan 2015 and the John Laing Group plc
Deferred Share Bonus Plan 2015.
--------------------------------- ----------------------------------------------
Price(s) Volume(s)
c) Price(s) and volume(s) ------------
GBP00.0000 215,892
Award of Shares - LTIP ----------
GBP00.0000 25,612
Award of Shares - DSBP ----------
--------------------------------- ----------------------------------------------
d) Aggregated information
- Aggregated volume 241,504
- Price GBP00.0000
--------------------------------- ----------------------------------------------
e) Date of the transaction 10 April 2019
--------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Patrick O'Donnell Bourke
--------------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status Group Finance Director
--------------------------------- --------------------------------------
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 Ordinary Shares of 10 pence each in
instrument, type of John Laing Group plc
instrument
GB00BVC3CB83
Identification code
--------------------------------- --------------------------------------
b) Nature of the transaction Grant of a nil cost option award the
John Laing Group plc Deferred Share
Bonus Plan 2015.
--------------------------------- --------------------------------------
Price(s) Volume(s)
c) Price(s) and volume(s) ------------
GBP00.0000 18,193
Award of Shares - DSBP ----------
--------------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
--------------------------------- --------------------------------------
e) Date of the transaction 10 April 2019
--------------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Justin Bailey
--------------------------------- ----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status Regional Managing Director - Asia Pacific
--------------------------------- ----------------------------------------------
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 Ordinary Shares of 10 pence each in
instrument, type of John Laing Group plc
instrument
GB00BVC3CB83
Identification code
--------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the John Laing Group plc Long-Term Incentive
Plan 2015 and the John Laing Group plc
Deferred Share Bonus Plan 2015.
--------------------------------- ----------------------------------------------
Price(s) Volume(s)
c) Price(s) and volume(s) ------------
GBP00.0000 68,993
Award of Shares - LTIP ----------
GBP00.0000 14,033
Award of Shares - DSBP ----------
--------------------------------- ----------------------------------------------
d) Aggregated information
- Aggregated volume 83,026
- Price GBP00.0000
--------------------------------- ----------------------------------------------
e) Date of the transaction 10 April 2019
--------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Salim Bensmail
--------------------------------- ----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status Group Managing Director for Strategy
and Partnerships
--------------------------------- ----------------------------------------------
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 Ordinary Shares of 10 pence each in
instrument, type of John Laing Group plc
instrument
GB00BVC3CB83
Identification code
--------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the John Laing Group plc Long-Term Incentive
Plan 2015 and the John Laing Group plc
Deferred Share Bonus Plan 2015.
--------------------------------- ----------------------------------------------
Price(s) Volume(s)
c) Price(s) and volume(s) ------------
GBP00.0000 38,795
Award of Shares - LTIP ----------
GBP00.0000 1,793
Award of Shares - DSBP ----------
--------------------------------- ----------------------------------------------
d) Aggregated information
- Aggregated volume 40,588
- Price GBP00.0000
--------------------------------- ----------------------------------------------
e) Date of the transaction 10 April 2019
--------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Anthony Philips
--------------------------------- ---------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------
a) Position/status Regional Managing Director - North America
--------------------------------- ---------------------------------------------
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 Ordinary Shares of 10 pence each in
instrument, type of John Laing Group plc
instrument
GB00BVC3CB83
Identification code
--------------------------------- ---------------------------------------------
b) Nature of the transaction Grant of a conditional award under the
John Laing Group plc Long-Term Incentive
Plan 2015 and the John Laing Group plc
Deferred Share Bonus Plan 2015.
--------------------------------- ---------------------------------------------
Price(s) Volume(s)
c) Price(s) and volume(s) ------------
GBP00.0000 90,465
Award of Shares - LTIP ----------
GBP00.0000 10,430
Award of Shares - DSBP ----------
--------------------------------- ---------------------------------------------
d) Aggregated information
- Aggregated volume 100,895
- Price GBP00.0000
--------------------------------- ---------------------------------------------
e) Date of the transaction 10 April 2019
--------------------------------- ---------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Clare Underwood
--------------------------------- ----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status Company Secretary
--------------------------------- ----------------------------------------------
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 Ordinary Shares of 10 pence each in
instrument, type of John Laing Group plc
instrument
GB00BVC3CB83
Identification code
--------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the John Laing Group plc Long-Term Incentive
Plan 2015.
--------------------------------- ----------------------------------------------
Price(s) Volume(s)
c) Price(s) and volume(s) ------------
GBP00.0000 39,795
Award of Shares - LTIP ----------
--------------------------------- ----------------------------------------------
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
--------------------------------- ----------------------------------------------
e) Date of the transaction 10 April 2019
--------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mark Westbrook
--------------------------------- ----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status Chief Risk 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 Ordinary Shares of 10 pence each in
instrument, type of John Laing Group plc
instrument
GB00BVC3CB83
Identification code
--------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the John Laing Group plc Long-Term Incentive
Plan 2015 and the John Laing Group plc
Deferred Share Bonus Plan 2015.
--------------------------------- ----------------------------------------------
Price(s) Volume(s)
c) Price(s) and volume(s) ------------
GBP00.0000 52,806
Award of Shares - LTIP ----------
GBP00.0000 1,836
Award of Shares - DSBP ----------
--------------------------------- ----------------------------------------------
d) Aggregated information
- Aggregated volume 54,642
- Price GBP00.0000
--------------------------------- ----------------------------------------------
e) Date of the transaction 10 April 2019
--------------------------------- ----------------------------------------------
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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