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BG Group Plc Regulatory News (BG.)



Regulatory News for BG Group Plc (BG.)


Share Price: 1,134.00Bid: 1,135.00Ask: 1,135.50Change: 0.00 (0.00%)No Movement on Bg Grp.
Spread: 0.50Spread as %: 0.04%Open: 1,133.50High: 1,136.00Low: 1,124.00Yesterday’s Close: 1,134.00





Director/PDMR Shareholding

Mon, 12th Mar 2012 18:00

RNS Number : 1988Z
BG GROUP plc
12 March 2012
 

?

A.    Notification of Interests in Shares

 

 

VESTING OF AWARDS under THE bg group plc DEFERRED BONUS PLAN (dbp)

 

 

The Company has today received notification from the Executive Directors and PDMRs shown in the table below regarding the vesting of Awards under the DBP.  On 23 March 2010 the Company announced that certain Executive Directors and PDMRs had exchanged their 2009 Awards granted to them on 10 March 2009 under the DBP for equivalent restricted share awards.  The resulting Exchanged Awards were subject to the same terms as the original 2009 Awards.  On 10 March 2012 these Exchanged Awards vested and the resulting ordinary shares of 10p each (Shares) were subsequently transferred to them.  Matt Schatzman's 2009 Award was not exchanged and his Award has vested on 10 March 2012 and the resulting Shares were subsequently transferred to him. 

 

In accordance with the rules of the DBP, the Executive Directors and PDMRs have also become entitled to additional Shares in respect of the dividends which would have been paid on the vested Shares during the vesting period.  In addition, the Trustee of the Company's Employee Share Trust has today sold sufficient Shares on behalf of the individuals to allow the Company to settle the income tax and social security withholdings (together with the associated dealing costs) arising  as a result of this vesting and release.  

 

These transactions, along with the Executive Directors' and PDMRs' individual interests in the Company's Shares, are detailed in the table below:

 

 

 


Shares vesting

on 10 March 2012 (from Exchanged Awards made on 23 March 2010)

Number of additional Shares in respect of dividends paid during the vesting period

Number of Shares sold on the London Stock Exchange for £14.985 to cover tax and social security liabilities (and associated dealing costs)

Total number of Shares transferred on 12 March 2012

Resulting Interest in Shares on 12 March 2012

Executive Directors






Frank Chapman

53825

3131

1635

55321

1 883 051

Martin Houston

10567

615

322

10860

854 740

PDMR






Ashley Almanza

13945

811

424

14332

52 742


Shares vesting

on 10 March 2012 from Award made on 10 March 2009

Number of additional Shares in respect of dividends paid during the vesting period

Number of Shares sold on the London Stock Exchange for £14.985 to cover tax and social security liabilities (and associated dealing costs)

Total number of Shares transferred on 12 March 2012

Resulting Interest in Shares on 12 March 2012

PDMR






Matt Schatzman

9171

314

2518

6967

59 384







 

 

 

 

These announcements are made pursuant to DTR 3.1.4.

 

12 March 2012

 

Website  www.bg-group.com


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


Related Shares: BG Group (BG.).




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