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RNS Number : 7295C
John Laing Group plc
19 April 2017
 

John Laing Group plc

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

On 19 April 2017, awards over ordinary shares of 10p each (the "Shares") in John Laing Group plc (the "Company") were made to certain persons discharging managerial responsibilities ("PDMRs") under the John Laing Group plc Long-Term Incentive Plan 2015, as follows:

Name of PDMR

Number of Shares under award

Executive Directors

Olivier Brousse

262,680

Patrick O'Donnell Bourke

175,030

Other PDMRs

Chris Waples

102,960

Carolyn Cattermole

 70,090

No consideration was paid for the grant of the awards which are 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). 

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 instrument, type of instrument

Identification code

Ordinary Shares of 10 pence each in John Laing Group plc

GB00BVC3CB83

b)

Nature of the transaction

Receipt of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015. The award will normally vest on the third anniversary of grant subject to continued service and only to the extent to which performance conditions are met. Once exercisable, the award will then normally remain exercisable until the day before the tenth anniversary of the date of grant.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

262,680

 

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

19 April 2017

f)

Place of the transaction

London Stock Exchange

 

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 instrument, type of instrument

Identification code

Ordinary Shares of 10 pence each in John Laing Group plc

GB00BVC3CB83

b)

Nature of the transaction

Receipt of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015. The award will normally vest on the third anniversary of grant subject to continued service and only to the extent to which performance conditions are met. Once exercisable, the award will then normally remain exercisable until the day before the tenth anniversary of the date of grant.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

175,030

 

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

19 April 2017

f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Chris Waples

2

Reason for the notification

a)

Position/status

Group Managing Director, Asset Management   

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

Receipt of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015. The award will normally vest on the third anniversary of grant subject to continued service and only to the extent to which performance conditions are met. Once exercisable, the award will then normally remain exercisable until the day before the tenth anniversary of the date of grant.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

102,960

 

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

 

e)

Date of the transaction

19 April 2017

f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Carolyn Cattermole

2

Reason for the notification

a)

Position/status

 

Group General Counsel and 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 instrument, type of instrument

Identification code

Ordinary Shares of 10 pence each in John Laing Group plc

GB00BVC3CB83

b)

Nature of the transaction

Receipt of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015. The award will normally vest on the third anniversary of grant subject to continued service and only to the extent to which performance conditions are met. Once exercisable, the award will then normally remain exercisable until the day before the tenth anniversary of the date of grant.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

70,090

 

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

 

e)

Date of the transaction

19 April 2017

f)

Place of the transaction

London Stock Exchange

 

Enquiries:                  

Carolyn Cattermole

Group General Counsel and Company Secretary

John Laing Group plc

1 Kingsway

London

WC2B 6AN

Tel: 020 7901 3200

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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