Babcock International Group PLC Director/PDMR Shareholding (3340H)
December 02 2020 - 10:24AM
UK Regulatory
TIDMBAB
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 Initial notification
/Amendment
-------------------------- -----------------------------------------------------
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, Ordinary shares of 60p
type of instrument
GB0009697037
Identification code
-------------------------- -----------------------------------------------------
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 N/A
- Price 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 Initial notification
/Amendment
-------------------------- -----------------------------------------------------
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, Ordinary shares of 60p
type of instrument
GB0009697037
Identification code
-------------------------- -----------------------------------------------------
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 N/A
- Price 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 Initial notification
/Amendment
-------------------------- -----------------------------------------------------
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, Ordinary shares of 60p
type of instrument
GB0009697037
Identification code
-------------------------- -----------------------------------------------------
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 N/A
- Price 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 Initial notification
/Amendment
-------------------------- -----------------------------------------------------
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, Ordinary shares of 60p
type of instrument
GB0009697037
Identification code
-------------------------- -----------------------------------------------------
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 N/A
- Price 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 Initial notification
/Amendment
-------------------------- -----------------------------------------------------
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, Ordinary shares of 60p
type of instrument
GB0009697037
Identification code
-------------------------- -----------------------------------------------------
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 N/A
- Price 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 Initial notification
/Amendment
-------------------------- -----------------------------------------------------
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, Ordinary shares of 60p
type of instrument
GB0009697037
Identification code
-------------------------- -----------------------------------------------------
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 N/A
- Price 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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END
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