BBGI Global Infrastructure S.A. Grant of Share Awards under LTIP (8845J)
December 29 2020 - 1:00AM
UK Regulatory
TIDMBBGI
RNS Number : 8845J
BBGI Global Infrastructure S.A.
29 December 2020
29 December 2020
BBGI Global Infrastructure S.A.
(the "Company")
Grant of Share Awards under Long Term Incentive Plan
('LTIP')
BBGI Global Infrastructure S.A. (LSE ticker: BBGI), the global
infrastructure investment company, announces that, in accordance
with the Market Abuse Regulation Article 19 , the Company's
Co-Chief Executive Officers, Duncan Ball and Frank Schramm, and the
Company's CFO, Michael Denny, were granted conditional awards of
the Company's ordinary shares under the Company's LTIP on 23
December 2020. The awards granted are subject to performance and
contractual conditions.
The number of shares subject to the awards was determined by
using the closing price of the Company's share price on 23 December
2020, as ascertained by the Official List, which was 170.00 p per
share.
Subject to the achievement of the performance conditions, the
awards will vest after 22 December 2023.
Executive Maximum
Share Award*
Duncan Ball 574,165
Frank Schramm 596,200
Michael Denny 286,394
*Both Mr. Ball's and Mr. Schramm's maximum share award is
subject to shareholder approval at the April 2021 AGM. Mr. Denny's
maximum award is within the current approved limits.
For further information, please contact:
BBGI Management Team +352 263 479-1
Frank Schramm
Duncan Ball
NOTES
BBGI Global Infrastructure (BBGI) is a responsible
infrastructure investment company and a constituent of the FTSE 250
that invests in and actively manages for the long-term a globally
diversified, low-risk portfolio of essential social infrastructure
investments.
BBGI is committed to delivering stable and predictable cash
flows with progressive long-term dividend growth and attractive,
sustainable, returns for shareholders. BBGI has a proactive
approach to preserving and enhancing the value of its investments,
and to delivering well maintained social infrastructure for
communities and end users, whilst serving society by supporting
local communities.
All of BBGI's investments are availability-based and supported
by secure public sector-backed contracted revenues, with
inflation-protection characteristics, that is paid so long as the
assets are available for use.
BBGI's investment portfolio is over 99% operational with all its
investments located across highly rated investment grade countries
with stable, well developed operating environments.
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.
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END
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