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Babcock Intnl Group - Director/PDMR Shareholding

RNS Number : 3340H
Babcock International Group PLC
02 December 2020
 

 

 

Share awards under the Company's Performance Share Plan ("PSP")

 

In the Company's annual report and accounts for the year ending 31 March 2020, the Company stated in its Remuneration Committee Report that it was delaying the grant of the PSP awards due to the impact of the COVID-19 pandemic.  At that time, the intention was to base any award to Executive Directors on four measures.  However, after further consideration, the Company's Remuneration Committee decided that the best alignment with shareholders and our strategy would be to base those awards on free cash flow and relative TSR, with each measure having equal weighting.  The Company will disclose the targets for these measures in its Remuneration Committee Report for the year ending 31 March 2021. 

 

On 01 December 2020, the Company made the following awards of ordinary shares in the Company ("Shares"):

 

Name of Executive Directors

Number of ordinary shares over which PSP award granted

David Lockwood

408,545

David Mellors

285,981

 

In addition, on 01 December 2020, the Company made the following awards of Shares to persons discharging managerial responsibilities ("PDMRs"):

 

Name of PDMRs

Number of ordinary shares over which PSP award granted

John Davies

99,548

Simon Bowen

91,214

Neal Misell

68,090

Derek Jones

57,451

 

These awards will vest, subject to the rules of the share plan after three years, but subject to a two year holding period.

 

All the awards covered by this announcement were granted in the form of nil-cost options and remain subject to the rules of the relevant plan at all times.

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

David Lockwood

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Executive Officer

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Babcock International Group PLC

b)

 

LEI

 

 

213800TSKOLX4EU6L377

 

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 60p

 

GB0009697037

 

b)

 

Nature of the transaction

 

 

Award of shares under the Company's Performance Share Plan ("PSP").

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil

408,545

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

N/A

 

 

Nil

 

e)

 

Date of the transaction

 

 

01/12/2020

f)

 

Place of the transaction

 

 

London

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

 David Mellors

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Finance Officer

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Babcock International Group PLC

b)

 

LEI

 

 

213800TSKOLX4EU6L377

 

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 60p

 

GB0009697037

 

b)

 

Nature of the transaction

 

 

Award of shares under the Company's Performance Share Plan ("PSP").

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil

285,981

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

N/A

 

 

Nil

 

e)

 

Date of the transaction

 

 

01/12/2020

f)

 

Place of the transaction

 

 

London

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

 John Davies

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Executive - Land

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Babcock International Group PLC

b)

 

LEI

 

 

213800TSKOLX4EU6L377

 

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 60p

 

GB0009697037

 

b)

 

Nature of the transaction

 

 

Award of shares under the Company's Performance Share Plan ("PSP").

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil

99,548

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

N/A

 

 

Nil

 

e)

 

Date of the transaction

 

 

01/12/2020

f)

 

Place of the transaction

 

 

London

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Simon Bowen

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Executive - Nuclear

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Babcock International Group PLC

b)

 

LEI

 

 

213800TSKOLX4EU6L377

 

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 60p

 

GB0009697037

 

b)

 

Nature of the transaction

 

 

Award of shares under the Company's Performance Share Plan ("PSP").

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Nil

91,214

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

N/A

 

 

Nil

 

e)

 

Date of the transaction

 

 

01/12/2020

f)

 

Place of the transaction

 

 

London

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Neal Misell

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Executive - Aviation

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Babcock International Group PLC

b)

 

LEI

 

 

213800TSKOLX4EU6L377

 

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 60p

 

GB0009697037

 

b)

 

Nature of the transaction

 

 

Award of shares under the Company's Performance Share Plan ("PSP").

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil

68,090

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

N/A

 

 

Nil

 

e)

 

Date of the transaction

 

 

01/12/2020

f)

 

Place of the transaction

 

 

London

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Derek Jones

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Executive - Marine

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Babcock International Group PLC

b)

 

LEI

 

 

213800TSKOLX4EU6L377

 

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 60p

 

GB0009697037

 

b)

 

Nature of the transaction

 

 

Award of shares under the Company's Performance Share Plan ("PSP").

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil

57,451

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

N/A

 

 

Nil

 

e)

 

Date of the transaction

 

 

01/12/2020

f)

 

Place of the transaction

 

 

London

 

 

Eunice Payne

Company Secretarial Department

02/12/2020

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