John Laing Group plc Director/PDMR Shareholding (7295C)
April 19 2017 - 5:54AM
UK Regulatory
TIDMJLG
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 Ordinary Shares of 10 pence each in
instrument, type of John Laing Group plc
instrument GB00BVC3CB83
Identification code
--- ------------------------------- ---------------------------------------------
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 Not applicable - single transaction
* Aggregated volume
* Price
--- ------------------------------- ---------------------------------------------
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 Ordinary Shares of 10 pence each in
instrument, type of John Laing Group plc
instrument GB00BVC3CB83
Identification code
--- ------------------------------- ---------------------------------------------
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 Not applicable - single transaction
* Aggregated volume
* Price
--- ------------------------------- ---------------------------------------------
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 Ordinary Shares of 10 pence each in
instrument, type of John Laing Group plc
instrument GB00BVC3CB83
Identification code
--- ------------------------------- ---------------------------------------------
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 Not applicable - single transaction
* Aggregated volume
* Price
--- ------------------------------- ---------------------------------------------
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 Ordinary Shares of 10 pence each in
instrument, type of John Laing Group plc
instrument GB00BVC3CB83
Identification code
--- ------------------------------- ----------------------------------------------
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 Not applicable - single transaction
* Aggregated volume
* Price
--- ------------------------------- ----------------------------------------------
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
END
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