19 Mar 2019 16:48
19 March 2019
John Laing Group plc (the "Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated with them in accordance with the Market Abuse Regulations.
On 18 March 2019, ordinary shares of 10 pence each in the capital of the Company were acquired under the John Laing Group plc Deferred Share Bonus Plan 2015 (the "DSBP") and sold by PDMRs at a price of 389.0p per share as set out below. The awards relate to the exercise of the third tranche of the nil-cost options granted under the DSBP on 15 March 2016 and the second tranche of the nil-cost options granted under the DSBP on 17 March 2017. Awards under the DSBP vest in equal tranches on the first, second and third anniversary of grant, subject to continued employment. No post-vesting holding period applies to shares that vest or become exercisable under a DSBP award.
DSBP Grant 2016
| |||
PDMR | No. of shares acquired under the DSBP | No. of shares sold | No. of shares retained |
Olivier Brousse | 7,259 | 3,419 | 3,840 |
Patrick O'D Bourke | 5,741 | 2,704 | 3,037 |
Justin Bailey | 5,841 | 5,841 | 0 |
DSBP Grant 2017
| |||
PDMR | No. of shares acquired under the DSBP | No. of shares sold | No. of shares retained |
Olivier Brousse | 1,820 | 858 | 962 |
Patrick O'D Bourke | 1,410 | 664 | 746 |
Justin Bailey | 463 | 463 | 0 |
Details of the full notifications received by the Company are set out below.
DSBP Acquisition:
1 |
Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a) |
Name |
Olivier Brousse
| ||||||
2 |
Reason for the notification
| |||||||
a) |
Position/status |
Chief Executive 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 under the John Laing Group plc Deferred Share Bonus Plan 2015
| ||||||
c) |
Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
9,079 Nil | ||||||
e) | Date of the transaction | 18 March 2019 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
1 |
Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a) |
Name |
Patrick O'D Bourke
| ||||||
2
|
Reason for the notification
| |||||||
a) |
Position/status |
Group Finance Director
| ||||||
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 under the John Laing Group plc Deferred Share Bonus Plan 2015
| ||||||
c) |
Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
7,151 Nil | ||||||
e) | Date of the transaction | 18 March 2019 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
1 |
Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a) |
Name |
Justin Bailey
| ||||||
2
|
Reason for the notification
| |||||||
a) |
Position/status |
Regional Managing Director, Asia Pacific
| ||||||
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 under the John Laing Group plc Deferred Share Bonus Plan 2015
| ||||||
c) |
Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
6,304 Nil | ||||||
e) | Date of the transaction | 18 March 2019 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
Immediate DSBP disposal:
1 |
Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a) |
Name |
Olivier Brousse
| ||||||
2 |
Reason for the notification
| |||||||
a) |
Position/status |
Chief Executive 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 |
Disposal of Ordinary Shares acquired on the settlement of an award vesting under the John Laing Group plc Deferred Share Bonus Plan 2015. Sufficient sales for tax liability only.
| ||||||
c) |
Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
4,277 389.0p per share | ||||||
e) | Date of the transaction | 18 March 2019 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
1 |
Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a) |
Name |
Patrick O'D Bourke
| ||||||
2
|
Reason for the notification
| |||||||
a) |
Position/status |
Group Finance Director
| ||||||
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 |
Disposal of Ordinary Shares acquired on the settlement of an award vesting under the John Laing Group plc Deferred Share Bonus Plan 2015. Sufficient sales for tax liability only.
| ||||||
c) |
Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
3,368 389.0p per share
| ||||||
e) | Date of the transaction | 18 March 2019 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
1 |
Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a) |
Name |
Justin Bailey
| ||||||
2
|
Reason for the notification
| |||||||
a) |
Position/status |
Regional Managing Director, Asia Pacific
| ||||||
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 |
Disposal of Ordinary Shares acquired on the settlement of an award vesting under the John Laing Group plc Deferred Share Bonus Plan 2015.
| ||||||
c) |
Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
6,304 389.0p per share
| ||||||
e) | Date of the transaction | 18 March 2019 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
Enquiries:
Clare Underwood
Group Company Secretary
John Laing Group plc
1 Kingsway
London
WC2B 6AN
Tel: 020 7901 3300