12 Apr 2019 15:45
12 April 2019
John Laing Group plc (the "Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them in accordance with the Market Abuse Regulations.
Long-Term Incentive Plan Grant
On 10 April 2019, awards over ordinary shares of 10p each (the "Shares") in the Company were made to certain PDMRs under the John Laing Group plc Long-Term Incentive Plan 2015 ("LTIP"), as follows:
PDMR | Number of Shares under award |
Olivier Brousse | 215,892 |
Justin Bailey | 68,993 |
Salim Bensmail | 38,795 |
Anthony Philips | 90,465 |
Clare Underwood | 39,795 |
Mark Westbrook | 52,806 |
No consideration was paid for the grant of the awards which are structured as nil-cost options or, in the case of Anthony Philips, who is resident in the US, a conditional award.
The vesting of an award is ordinarily subject to the grantee's continued service until the third anniversary if the grant of the awards and the satisfaction of performance conditions (measuring the Company's net asset value growth and relative total shareholder return performance over a performance period comprising three financial years). Once vested, the awards structured as nil cost options are ordinarily exercisable until 10 April 2029. Shares acquired under Olivier Brousse's award are subject to a two year post award vesting date holding period (on a net of tax basis).
Deferred Share Bonus Plan Grant
On 10 April 2019, awards over Shares in the Company were granted under the John Laing Group plc Deferred Share Bonus Plan 2015 ("DSBP") to certain PDMRs as follows:
PDMR | Number of Shares under award |
Olivier Brousse | 25,612 |
Patrick O'Donnell Bourke | 18,193 |
Justin Bailey | 14,033 |
Salim Bensmail | 1,793 |
Anthony Philips | 10,430 |
Mark Westbrook | 1,836 |
Each award is structured as a nil-cost option or conditional award (in the case of Anthony Philips) each comprising three equal tranches that shall ordinarily vest on the first, second and third anniversary of the grant of the award respectively subject to continued service. Once vested a tranche, in the case of the nil-cost options, is then ordinarily exercisable until 10 April 2029.
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 |
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 | Grant of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015 and the John Laing Group plc Deferred Share Bonus Plan 2015.
| ||||||
c) |
Price(s) and volume(s)
Award of Shares - LTIP
Award of Shares - DSBP
|
| ||||||
d) | Aggregated information - Aggregated volume - Price |
241,504 GBP00.0000 | ||||||
e) | Date of the transaction | 10 April 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'Donnell 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 | Grant of a nil cost option award the John Laing Group plc Deferred Share Bonus Plan 2015.
| ||||
c) |
Price(s) and volume(s)
Award of Shares - DSBP
|
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A (Single transaction) | ||||
e) | Date of the transaction | 10 April 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 | Grant of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015 and the John Laing Group plc Deferred Share Bonus Plan 2015.
| ||||||
c) |
Price(s) and volume(s)
Award of Shares - LTIP
Award of Shares - DSBP
|
| ||||||
d) | Aggregated information - Aggregated volume - Price |
83,026 GBP00.0000 | ||||||
e) | Date of the transaction | 10 April 2019 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
1 |
Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a) |
Name |
Salim Bensmail
| ||||||
2 |
Reason for the notification
| |||||||
a) |
Position/status |
Group Managing Director for Strategy and Partnerships
| ||||||
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 | Grant of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015 and the John Laing Group plc Deferred Share Bonus Plan 2015.
| ||||||
c) |
Price(s) and volume(s)
Award of Shares - LTIP
Award of Shares - DSBP
|
| ||||||
d) | Aggregated information - Aggregated volume - Price |
40,588 GBP00.0000 | ||||||
e) | Date of the transaction | 10 April 2019 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
1 |
Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a) |
Name |
Anthony Philips
| ||||||
2 |
Reason for the notification
| |||||||
a) |
Position/status |
Regional Managing Director - North America
| ||||||
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 | Grant of a conditional award under the John Laing Group plc Long-Term Incentive Plan 2015 and the John Laing Group plc Deferred Share Bonus Plan 2015.
| ||||||
c) |
Price(s) and volume(s)
Award of Shares - LTIP
Award of Shares - DSBP
|
| ||||||
d) | Aggregated information - Aggregated volume - Price |
100,895 GBP00.0000 | ||||||
e) | Date of the transaction | 10 April 2019 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
1 |
Details of the person discharging managerial responsibilities / person closely associated
| |||||
a) |
Name |
Clare Underwood
| ||||
2 |
Reason for the notification
| |||||
a) |
Position/status |
Company Secretary
| ||||
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 | Grant of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015.
| ||||
c) |
Price(s) and volume(s)
Award of Shares - LTIP
|
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A (Single transaction) | ||||
e) | Date of the transaction | 10 April 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 |
Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a) |
Name |
Mark Westbrook
| ||||||
2 |
Reason for the notification
| |||||||
a) |
Position/status |
Chief Risk 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 | Grant of a nil cost option award under the John Laing Group plc Long-Term Incentive Plan 2015 and the John Laing Group plc Deferred Share Bonus Plan 2015.
| ||||||
c) |
Price(s) and volume(s)
Award of Shares - LTIP
Award of Shares - DSBP
|
| ||||||
d) | Aggregated information - Aggregated volume - Price |
54,642 GBP00.0000 | ||||||
e) | Date of the transaction | 10 April 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