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14 Jul 2010 11:49
BABCOCK INTERNATIONAL GROUP PLC
14 July 2010
NOTIFICATION OF TRANSACTIONS OF PDMRs OR THEIR CONNECTED PERSONS
Notification made in accordance with Rule 3.1.4 (1) (a) of the Disclosure and Transparency Rules.
On 13 July 2010, 40% of the annual bonus awards made to each of the Directors listed below in respect of the financial year to 31 March 2010 was compulsorily deferred into shares by means of conditional options to acquire Ordinary Shares of 60p in Babcock International Group PLC (the 'Company') at nil consideration. The number of shares in each case had a value on grant equal to the amount of the deferred bonus. The awards were made under the Company's Deferred Bonus Plan. Ordinarily the awards can be exercised only after two years and provided the Director concerned is still in the employment of the Company at the time of exercise, with exceptions for leaving early in certain cases such as redundancy, retirement, ill-health or death. There are no performance conditions as this is a bonus deferral mechanism only: there is no opportunity associated with the awards to earn matching or additional shares.
|
Name of PDMR |
Number of ordinary shares over which award granted |
|
Mr P Rogers |
45,023 |
|
Mr W Tame |
29,598 |
|
Mr A Bethel |
19,128 |
|
Mr K Thomas |
17,825 |
Albert Dungate
Babcock International Group PLC
14 July 2010
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