TIDMJLG

RNS Number : 8223M

John Laing Group plc

18 September 2019

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     No. of shares   No. of shares 
                        acquired under    sold            retained 
                        Award A of the 
                        Buy Out Award 
 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       Ordinary Shares of 10 pence each in 
         instrument, type of                John Laing Group plc 
         instrument 
                                            GB00BVC3CB83 
         Identification code 
      ---------------------------------  ------------------------------------------ 
 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. 
      ---------------------------------  ------------------------------------------ 
                                          Price(s)      Volume(s) 
  c)     Price(s) and volume(s)           ------------ 
                                           GBP00.0000    24,314 
         Acquisition under Buy                          ---------- 
         Out Award 
      ---------------------------------  ------------------------------------------ 
d)     Aggregated information 
        - Aggregated volume                    N/A Single Transaction 
        - Price 
      ---------------------------------  ------------------------------------------ 
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       Ordinary Shares of 10 pence each in 
         instrument, type of                John Laing Group plc 
         instrument 
                                            GB00BVC3CB83 
         Identification code 
      ---------------------------------  ------------------------------------------ 
 b)     Nature of the transaction         Disposal of ordinary shares acquired 
                                           on the settlement of a buy-out award. 
                                           Sufficient sales for tax liability only. 
      ---------------------------------  ------------------------------------------ 
                                          Price(s)    Volume(s) 
  c)     Price(s) and volume(s)           ---------- 
                                           GBP3.556    11,451 
                                                      ---------- 
      ---------------------------------  ------------------------------------------ 
d)     Aggregated information 
        - Aggregated volume                 N/A Single Transaction 
        - Price 
      ---------------------------------  ------------------------------------------ 
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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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September 18, 2019 06:42 ET (10:42 GMT)

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