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1 Feb 2019 11:00
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR PERSONS CLOSELY ASSOCIATED WITH THEM
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
As announced on 25 October, 2018, Philip Jansen has today been granted awards under the BT Group Retention Share Plan (RSP) and the BT Group Incentive Share Plan (ISP).
The RSP award is to compensate him for the loss in shares that were forefeited on leaving Worldpay to join BT. In accordance with the Directors' Remuneration Policy approved by shareholders on 12 July 2017, the buy-out mirrors the value and terms of the award forefeited. The RSP shares will vest on 20 March 2020 subject to continued employment and will only vest to the extent that the forfeited award meets the original performance targets set by Worldpay. Philip has agreed to hold any vested shares for a further one year until 20 March 2021.
The 2018 ISP award will vest in May 2021, subject to performance. Philip is required to hold any vested shares for a further two years.
Prior to joining BT, Philip purchased 770,500 BT shares (equivalent in value to £1,988,645) on 2 November 2018.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| PHILIP JANSEN | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| CHIEF EXECUTIVE | ||||||
b)
| Initial notification /Amendment
| INITIAL | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| BT GROUP PLC | ||||||
b)
| LEI
| 213800 LRO7NS5CYQMN21 | ||||||
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 IN BT GROUP PLC OF 5P EACH ISIN: GB0030913577
| ||||||
b)
| Nature of the transaction
| GRANT OF AWARD UNDER THE BT GROUP RETENTION SHARE PLAN (RSP) AND BT GROUP INCENTIVE SHARE PLAN (ISP). | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
1,783,670 shares
£2.416 and £2.335
| ||||||
e)
| Date of the transaction
| 1 FEBRUARY 2019 | ||||||
f)
| Place of the transaction
| LONDON | ||||||
Name of contact and telephone number for queries
Anna Watch - 020 7356 5158
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