Source - LSE Regulatory
RNS Number : 6304O
BBGI Global Infrastructure S.A.
16 May 2024
 

16 May 2024

BBGI Global Infrastructure S.A.

(the "Company")

 

Notification of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them ("PCA")

 

Notification is given that the LTIP awards for 2020-2023 originally granted on 23 December 2020 have vested and that the relevant number of shares in the Company have been transferred out of treasury to the relevant participants on 15 May 2024, in accordance with the rules of the LTIP and the relevant performance criteria. Notification is further given that the STIP awards for the financial year ended 31 December 2023, one third of which was to be settled in shares, after taking into account any tax liability, have also vested and the relevant number of shares have been transferred out of treasury to the participants on 15 May 2024. No payment by the participants was required for the grant of the awards, on vesting, or on transfer of the relevant shares out of treasury.

 

The individual vested awards to PDMRs were as follows;

 

Director/PDMR

Total Vested Shares - LTIP Award

Total Vested Shares -STIP Award

Duncan Ball - CEO

574,165

140,929

Michael Denny - CFOO

286,394

87,707

Total Shares

860,559

228,636

 

A portion of the above awards were settled in cash in order to realise sufficient funds to settle resultant tax and social security liabilities arising from the vesting, with only the net number of shares being transferred to each individual as follows;

 

Director/PDMR

Total Shares Transferred out of Treasury

Duncan Ball - CEO

376,430

Michael Denny - CFO

222,974

Total Shares

599,404


The resulting holdings of each of the individuals are as follows:

Director / PDMR

 

Shares held as at 15 May 2024

Duncan Ball

(CEO / Management Board Director)

 

1,447,788

Michael Denny

(CFOO / Management Board Director)

 

873,459

 

 

.

 

Director / PDMR Shareholding

1.

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Duncan Ball

2.

Reason for the notification

a.

Position / Status

Management Board Director / CEO

b.

Initial Notification / Amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

BBGI Global Infrastructure S.A.

b.

LEI

529900CV0RWCOP5YHK95

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 - No Par Value

 

ISIN - LU0686550053

b.

Nature of the transaction

1.   Transfer of treasury shares pursuant to 2020-23 LTIP

2.   Transfer of treasury shares  pursuant to FY2023 STIP

c.

Price(s) and volume(s)

Price

Volume

1.   Nil

297,704

2.   Nil

78,726

Total

376,430

d.

Aggregated information

 

- Aggregated volume

- Price

-Total Value

As in 4 c) above

e.

Date of the transaction

15 May 2024

f.

Place of the transaction

n/a

 

 

Director / PDMR Shareholding

1.

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Michael Denny

2.

Reason for the notification

a.

Position / Status

Management Board Director / CFO

b.

Initial Notification / Amendment

Initial

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

BBGI Global Infrastructure S.A.

b.

LEI

529900CV0RWCOP5YHK95

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 - No Par Value

 

ISIN - LU0686550053

b.

Nature of the transaction

1.   Transfer of treasury shares pursuant to 2020-23 LTIP

2.   Transfer of treasury shares pursuant to FY2023 STIP

c.

Price(s) and volume(s)

Price

Volume

1.   Nil

168,393

2.   Nil

54,581

Total

222,974

d.

Aggregated information

 

- Aggregated volume

- Price

-Total Value

As in 4 c) above

e.

Date of the transaction

15 May 2024

f.

Place of the transaction

n/a

 

 

 

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