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BAB Babcock International Group Plc

505.50
2.00 (0.40%)
Last Updated: 15:49:11
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Babcock International Group Plc LSE:BAB London Ordinary Share GB0009697037 ORD 60P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.00 0.40% 505.50 505.00 506.00 511.00 498.60 511.00 137,924 15:49:11
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 4.44B -35M -0.0692 -72.83 2.55B

Babcock International Group PLC Director/PDMR Shareholding (3340H)

02/12/2020 4:24pm

UK Regulatory


Babcock (LSE:BAB)
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TIDMBAB

RNS Number : 3340H

Babcock International Group PLC

02 December 2020

Share awards under the Company's Performance Share Plan ("PSP")

In the Company's annual report and accounts for the year ending 31 March 2020, the Company stated in its Remuneration Committee Report that it was delaying the grant of the PSP awards due to the impact of the COVID-19 pandemic. At that time, the intention was to base any award to Executive Directors on four measures. However, after further consideration, the Company's Remuneration Committee decided that the best alignment with shareholders and our strategy would be to base those awards on free cash flow and relative TSR, with each measure having equal weighting. The Company will disclose the targets for these measures in its Remuneration Committee Report for the year ending 31 March 2021.

On 01 December 2020, the Company made the following awards of ordinary shares in the Company ("Shares"):

 
 Name of Executive Directors    Number of ordinary shares over 
                                 which PSP award granted 
 David Lockwood                 408,545 
                               ------------------------------- 
 David Mellors                  285,981 
                               ------------------------------- 
 

In addition, on 01 December 2020, the Company made the following awards of Shares to persons discharging managerial responsibilities ("PDMRs"):

 
 Name of PDMRs    Number of ordinary shares over 
                   which PSP award granted 
 John Davies      99,548 
                 ------------------------------- 
 Simon Bowen      91,214 
                 ------------------------------- 
 Neal Misell      68,090 
                 ------------------------------- 
 Derek Jones      57,451 
                 ------------------------------- 
 

These awards will vest, subject to the rules of the share plan after three years, but subject to a two year holding period.

All the awards covered by this announcement were granted in the form of nil-cost options and remain subject to the rules of the relevant plan at all times.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        David Lockwood 
     --------------------------  ----------------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------------- 
 a)   Position/status             Chief Executive Officer 
     --------------------------  ----------------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------------- 
 a)   Name                        Babcock International Group PLC 
     --------------------------  ----------------------------------------------------- 
 b)   LEI                         213800TSKOLX4EU6L377 
     --------------------------  ----------------------------------------------------- 
 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,        Ordinary shares of 60p 
       type of instrument 
                                    GB0009697037 
       Identification code 
     --------------------------  ----------------------------------------------------- 
 b)   Nature of the transaction                    Award of shares under the Company's 
                                                    Performance Share Plan ("PSP"). 
     --------------------------  ----------------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         408,545 
                                                ---------- 
     --------------------------  ----------------------------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume          N/A 
 
 
       - Price                      Nil 
     --------------------------  ----------------------------------------------------- 
 e)   Date of the transaction     01/12/2020 
     --------------------------  ----------------------------------------------------- 
 f)   Place of the transaction    London 
     --------------------------  ----------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         David Mellors 
     --------------------------  ----------------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------------- 
 a)   Position/status             Chief Finance Officer 
     --------------------------  ----------------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------------- 
 a)   Name                        Babcock International Group PLC 
     --------------------------  ----------------------------------------------------- 
 b)   LEI                         213800TSKOLX4EU6L377 
     --------------------------  ----------------------------------------------------- 
 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,        Ordinary shares of 60p 
       type of instrument 
                                    GB0009697037 
       Identification code 
     --------------------------  ----------------------------------------------------- 
 b)   Nature of the transaction                    Award of shares under the Company's 
                                                    Performance Share Plan ("PSP"). 
     --------------------------  ----------------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         285,981 
                                                ---------- 
     --------------------------  ----------------------------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume          N/A 
 
 
       - Price                      Nil 
     --------------------------  ----------------------------------------------------- 
 e)   Date of the transaction     01/12/2020 
     --------------------------  ----------------------------------------------------- 
 f)   Place of the transaction    London 
     --------------------------  ----------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         John Davies 
     --------------------------  ----------------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------------- 
 a)   Position/status             Chief Executive - Land 
     --------------------------  ----------------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------------- 
 a)   Name                        Babcock International Group PLC 
     --------------------------  ----------------------------------------------------- 
 b)   LEI                         213800TSKOLX4EU6L377 
     --------------------------  ----------------------------------------------------- 
 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,        Ordinary shares of 60p 
       type of instrument 
                                    GB0009697037 
       Identification code 
     --------------------------  ----------------------------------------------------- 
 b)   Nature of the transaction                    Award of shares under the Company's 
                                                    Performance Share Plan ("PSP"). 
     --------------------------  ----------------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         99,548 
                                                ---------- 
     --------------------------  ----------------------------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume          N/A 
 
 
       - Price                      Nil 
     --------------------------  ----------------------------------------------------- 
 e)   Date of the transaction     01/12/2020 
     --------------------------  ----------------------------------------------------- 
 f)   Place of the transaction    London 
     --------------------------  ----------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Simon Bowen 
     --------------------------  ----------------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------------- 
 a)   Position/status             Chief Executive - Nuclear 
     --------------------------  ----------------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------------- 
 a)   Name                        Babcock International Group PLC 
     --------------------------  ----------------------------------------------------- 
 b)   LEI                         213800TSKOLX4EU6L377 
     --------------------------  ----------------------------------------------------- 
 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,        Ordinary shares of 60p 
       type of instrument 
                                    GB0009697037 
       Identification code 
     --------------------------  ----------------------------------------------------- 
 b)   Nature of the transaction                    Award of shares under the Company's 
                                                    Performance Share Plan ("PSP"). 
     --------------------------  ----------------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         91,214 
                                                ---------- 
     --------------------------  ----------------------------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume          N/A 
 
 
       - Price                      Nil 
     --------------------------  ----------------------------------------------------- 
 e)   Date of the transaction     01/12/2020 
     --------------------------  ----------------------------------------------------- 
 f)   Place of the transaction    London 
     --------------------------  ----------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Neal Misell 
     --------------------------  ----------------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------------- 
 a)   Position/status             Chief Executive - Aviation 
     --------------------------  ----------------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------------- 
 a)   Name                        Babcock International Group PLC 
     --------------------------  ----------------------------------------------------- 
 b)   LEI                         213800TSKOLX4EU6L377 
     --------------------------  ----------------------------------------------------- 
 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,        Ordinary shares of 60p 
       type of instrument 
                                    GB0009697037 
       Identification code 
     --------------------------  ----------------------------------------------------- 
 b)   Nature of the transaction                    Award of shares under the Company's 
                                                    Performance Share Plan ("PSP"). 
     --------------------------  ----------------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         68,090 
                                                ---------- 
     --------------------------  ----------------------------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume          N/A 
 
 
       - Price                      Nil 
     --------------------------  ----------------------------------------------------- 
 e)   Date of the transaction     01/12/2020 
     --------------------------  ----------------------------------------------------- 
 f)   Place of the transaction    London 
     --------------------------  ----------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Derek Jones 
     --------------------------  ----------------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------------- 
 a)   Position/status             Chief Executive - Marine 
     --------------------------  ----------------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------------- 
 a)   Name                        Babcock International Group PLC 
     --------------------------  ----------------------------------------------------- 
 b)   LEI                         213800TSKOLX4EU6L377 
     --------------------------  ----------------------------------------------------- 
 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,        Ordinary shares of 60p 
       type of instrument 
                                    GB0009697037 
       Identification code 
     --------------------------  ----------------------------------------------------- 
 b)   Nature of the transaction                    Award of shares under the Company's 
                                                    Performance Share Plan ("PSP"). 
     --------------------------  ----------------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         57,451 
                                                ---------- 
     --------------------------  ----------------------------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume          N/A 
 
 
       - Price                      Nil 
     --------------------------  ----------------------------------------------------- 
 e)   Date of the transaction     01/12/2020 
     --------------------------  ----------------------------------------------------- 
 f)   Place of the transaction    London 
     --------------------------  ----------------------------------------------------- 
 

Eunice Payne

Company Secretarial Department

02/12/2020

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.

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END

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December 02, 2020 11:24 ET (16:24 GMT)

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