BG Group Plc (BRGYY: OTCQX International Premier) | Notification of Interests in Shares

Notification of Interests in Shares

May 31, 2013

OTC Disclosure News Service

Reading, United Kingdom

BG Group plc

Notification of Interests in Shares by Persons Discharging Managerial Responsibilities

 

1. Chris Finlayson

The Company has received notification today from Chris Finlayson, Chief Executive, of his transactions in BG Group ordinary shares of 10p each (Shares) on 30 May 2013.

(a) BG Group Long Term Incentive Plan 2008 (LTIP)

Mr Finlayson has exercised nil-cost options over a total of 55,764 Shares, being the first and second tranches of the Performance Share Awards made to him on 7 September 2010 in connection with his recruitment in July 2010. The vesting level for these Awards was 100% for the first tranche and 74.32% for the second tranche. In accordance with the terms of the Awards, he also became entitled to additional Shares in respect of the dividends which would have been paid on the vested Shares during the vesting period. The Trustee of the Company?s Employee Share Trust sold sufficient Shares to allow the Company to settle the income tax and social security withholdings (together with the associated dealing costs) arising as a result of the exercise. These transactions, along with the resulting interest in the Company?s Shares, are detailed in the table below:

 

 

 

(b) BG Group Voluntary Bonus Deferral Plan (VBDP)

Mr Finlayson has also exercised nil-cost options over a total of 40,140 Shares granted under the VBDP on 18 March 2011 and 19 March 2012. In accordance with the terms of the VBDP, he also became entitled to additional Shares in respect of the dividends which would have been paid on the Shares between grant and exercise. The Trustee of the Company?s Employee Share Trust sold sufficient Shares to allow the Company to settle the income tax and social security withholdings (together with the associated dealing costs) arising as a result of the exercise. These transactions, along with the resulting interest in the Company?s Shares, are detailed in the table below:

 

 

As a result of the above transactions, Mr Finlayson?s interests in the ordinary share capital of the Company have increased by 50,454 ordinary shares to 51,448 Shares, representing 0.0015% of the Shares in issue.

2. Martin Houston

The Company has also received notification today from Martin Houston, Chief Operating Officer, of the following transactions made on 30 May 2013:

(a)   His transfer of 67,220 Shares to his wife, Jane Houston; and

(b)   The donation of 10,000 Shares by his wife, Jane Houston to the Charities Aid Foundation.

As a result of the above transactions, Mr Houston?s interests in the ordinary share capital of the Company have decreased by 10,000 ordinary shares to 901,716 Shares, representing 0.026% of the Shares in issue.

 

30 May 2013

Website  www.bg-group.com

 

 

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/BRGYY/news?id=63869

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