John Laing Group plc Director/PDMR Shareholding (6809Z)
May 21 2019 - 5:00AM
UK Regulatory
TIDMJLG
RNS Number : 6809Z
John Laing Group plc
21 May 2019
21 May 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
As set out in the announcement made on 23 January 2019, and in
the Remuneration Report in its Annual Report and Accounts, on 16
May 2019, the Company's new Chief Financial Officer, Luciana
Germinario, was granted awards as nil cost options over ordinary
shares of 10p each in the Company ("Shares"), as follows:
Award Number of Shares Value of Award Vesting Date Exercise
Price
A 24,314 USD119,731 15 September Nil
2019
----------------- --------------- -------------- ---------
B 13,182 USD64,911 10 March 2020 Nil
----------------- --------------- -------------- ---------
C 3,528 USD 17,370 15 September Nil
2020
----------------- --------------- -------------- ---------
D 16,964 USD83,535 10 March 2021 Nil
----------------- --------------- -------------- ---------
E 3,528 USD17,370 15 September Nil
2021
----------------- --------------- -------------- ---------
F 3,528 USD17,371 15 September Nil
2022
----------------- --------------- -------------- ---------
Total 65,044 USD 320,288
----------------- --------------- -------------- ---------
These awards have been granted in connection with the
recruitment of Luciana Germinario and her appointment as Chief
Financial Officer of the Company. The awards are intended to
compensate her for unvested awards granted by her former employer
and which were forfeited on her joining the Company.
The awards have been granted in reliance on Listing Rule
9.4.2(2) and in accordance with the Company's current Directors'
Remuneration Policy.
The awards will vest on the dates provided above, subject to
Luciana's continued service with the Company.
Long-Term Incentive Plan Grant
On 16 May 2019, awards over ordinary shares of 10p each (the
"Shares") in the Company were made to Luciana Germinario under the
John Laing Group plc Long-Term Incentive Plan 2015 ("LTIP"), as
follows:
PDMR Number of Shares under
award
Luciana Germinario 126,623
-----------------------
No consideration was paid for the grant of the awards which are
structured as nil-cost options.
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 are ordinarily
exercisable until 16 May 2029. Shares acquired under Luciana's
award are subject to a two year post award vesting date holding
period (on a net of tax basis).
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 Ordinary Shares of 10 pence each in
instrument, type of John Laing Group plc
instrument
GB00BVC3CB83
Identification code
--------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of nil cost option awards in reliance
on Listing Rule 9.4.2(2).
--------------------------------- ----------------------------------------------
Price(s) Volume(s)
c) Price(s) and volume(s) ------------
GBP00.0000 24,314
Award of Shares - A ----------
GBP00.0000 13,182
Award of Shares - B ----------
GBP00.0000 3,528
Award of Shares - C ----------
GBP00.0000 16,964
Award of Shares - D ----------
GBP00.0000 3,528
Award of Shares - E ----------
GBP00.0000 3,528
Award of Shares - F ----------
--------------------------------- ----------------------------------------------
d) Aggregated information
- Aggregated volume 65,044
- Price GBP00.0000
--------------------------------- ----------------------------------------------
e) Date of the transaction 16 May 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 Ordinary Shares of 10 pence each in
instrument, type of John Laing Group plc
instrument
GB00BVC3CB83
Identification code
--------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of nil cost option award under
the John Laing Group plc Long-Term Incentive
Plan 2015
--------------------------------- ----------------------------------------------
Price(s) Volume(s)
c) Price(s) and volume(s) ------------
GBP00.0000 126,623
Award of Shares -LTIP ----------
--------------------------------- ----------------------------------------------
d) Aggregated information
- Aggregated volume N/A Single Transaction
- Price
--------------------------------- ----------------------------------------------
e) Date of the transaction 16 May 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
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END
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