RNS Number : 3316B
BBGI Global Infrastructure S.A.
01 June 2023
 

1 June 2023

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 2019-2022 originally granted on 23 December 2019 have vested and that the relevant number of shares in the Company been issued to the relevant participants yesterday, 31 May 2023, 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 2022, 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 issued to the participants yesterday, 31 May 2023. No payment by the participants was required for the grant of the awards, on vesting, or on issue.

 

The individual vested awards were as follows;

 

Director/PDMR

Total Vested Shares - LTIP Award

Total Vested Shares -STIP Award

Duncan Ball - Co-CEO

152,125

178,114

Frank Schramm - Co-CEO

152,683

173,585

Michael Denny - CFO

25,445

111,179

Total Shares

330,253

462,878

 

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 issued to each individual as follows;

 

Director/PDMR

Total Issued Shares

Duncan Ball - Co-CEO

178,375

Frank Schramm - Co-CEO

172,106

Michael Denny - CFO

88,481

Total Shares

438,962


 

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 / Co-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.   Issuance of Shares pursuant to 2019-22 LTIP

2.   Issuance of Shares pursuant to FY2022 STIP

c.

Price(s) and volume(s)

Price

Volume

1.   Nil

78,876

2.   Nil

99,499

Total

178,375

d.

Aggregated information

 

- Aggregated volume

- Price

-Total Value

As in 4 c) above

e.

Date of the transaction

31 May 2023

f.

Place of the transaction

n/a

 

Director / PDMR Shareholding

1.

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Frank Schramm

2.

Reason for the notification

a.

Position / Status

Management Board Director / Co-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.   Issuance of Shares pursuant to 2019-22 LTIP

2.   Issuance of Shares pursuant to FY2022 STIP

c.

Price(s) and volume(s)

Price

Volume

1.   Nil

80,540

2.   Nil

91,566

Total

172,106

d.

Aggregated information

 

- Aggregated volume

- Price

-Total Value

As in 4 c) above

e.

Date of the transaction

31 May 2023

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.   Issuance of Shares pursuant to 2019-22 LTIP

2.   Issuance of Shares pursuant to FY2022 STIP

c.

Price(s) and volume(s)

Price

Volume

1.   Nil

15,826

2.   Nil

72,655

Total

88,481

d.

Aggregated information

 

- Aggregated volume

- Price

-Total Value

As in 4 c) above

e.

Date of the transaction

31 May 2023

f.

Place of the transaction

n/a

 

 

For further information, please contact:

 

BBGI Global Infrastructure S.A.     +352 26 34 79-1

Duncan Ball

Frank Schramm

 

 

 

END

 

 

 

 

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