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2 Dec 2020 16:24
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)
|
| ||||
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)
|
| ||||
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)
|
| ||||
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)
|
| ||||
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)
|
| ||||
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)
|
| ||||
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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