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Director/PDMR Shareholding

1 May 2014 14:07

RNS Number : 0855G
Babcock International Group PLC
01 May 2014
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BABCOCK INTERNATIONAL GROUP PLC

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Notification of transactions of directors/persons discharging managerial responsibilities ("PDMRs") and their connected persons

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In accordance with DTR 3.1.4R, Babcock International Group PLC (the "Company") announces that it was notified yesterday (in accordance with DTR 3.1.2R) that the following disposals of nil paid rights in respect of the Company's ordinary shares of 60p each took place in London under the terms of the Rights Issue announced by the Company on 27 March 2014.

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Name

Position/Status of connected person

Number of nil paid

rights disposed of

Price at which the nil paid rights were sold

Date of transaction

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Mr A Bethel

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PDMR

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1,777

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403.5p

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30/04/2014

Mrs D Bethel

Wife of Mr A Bethel, PDMR

4,823

403.5p

30/04/2014

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The proceeds of the sale of these nil paid rights will be used in full to take up some of the remaining nil paid rights to which the respective PDMR and his connected personΒ are entitled ('tail-swallowing') and a further announcement regarding the subscription for those new ordinary shares will be made following the closing of the Rights Issue.

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Further Information:

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Babcock International Group PLC

+44 (0)20 7355 5331

Terri Wright, Head of Investor Relations

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