18 Sep 2019 11:42
18 September 2019
John Laing Group plc (the "Company")
Notification and public disclosure of transaction by person discharging managerial responsibilities ("PDMR") and persons closely associated with them in accordance with the Market Abuse Regulations.
Luciana Germinario Buy-Out Award - Vesting of Award A
As set out in the announcement made on 21 May 2019, and in the Remuneration Report in its Annual Report and Accounts, on 16 May 2019, in connection with her recruitment, the Company's Chief Financial Officer, Luciana Germinario, was granted a number of awards as nil cost options over ordinary shares of 10p each in the Company ("Shares"). Award A of such awards vested on 16 September 2019, which resulted in ordinary shares of 10 pence each in the capital of the Company being acquired by Luciana Germinario for nil cost and then a number of such shares were sold, at a price of 355.6p per share on the same date as set out below.
PDMR | No. of shares acquired under Award A of the Buy Out Award | No. of shares sold | No. of shares retained |
Luciana Germinario | 24,314 | 11,451 | 12,863 |
Details of the full notifications received by the Company are set out below.
1 |
Details of the person discharging managerial responsibilities / person closely associated
| |||||
a) |
Name |
Luciana Germinario
| ||||
2 |
Reason for the notification
| |||||
a) |
Position/status |
Chief Financial Officer
| ||||
b) |
Initial notification/Amendment |
Initial Announcement
| ||||
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a) |
Name |
John Laing Group plc
| ||||
b) |
LEI |
213800GLLXRSIIKN6I12
| ||||
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 10 pence each in John Laing Group plc
GB00BVC3CB83
| ||||
b) | Nature of the transaction | Acquisition of ordinary shares upon the exercise of a nil cost option buy out award (Award A) granted 16 May 2019.
| ||||
c) |
Price(s) and volume(s)
Acquisition under Buy Out Award
|
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A Single Transaction | ||||
e) | Date of the transaction | 16 September 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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 10 pence each in John Laing Group plc
GB00BVC3CB83
| ||||
b) | Nature of the transaction | Disposal of ordinary shares acquired on the settlement of a buy-out award. Sufficient sales for tax liability only.
| ||||
c) |
Price(s) and volume(s)
|
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A Single Transaction | ||||
e) | Date of the transaction | 16 September 2019 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||
Enquiries:
Clare Underwood
Group Company Secretary
John Laing Group plc
1 Kingsway
London
WC2B 6AN
Tel: 020 7901 3300