Babcock International Group PLC

Remuneration Information • Dec 2, 2020

National Storage Mechanism | Additional information

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 /Amendment

Initial notification

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, type of instrument

Identification code

Ordinary shares of 60p

GB0009697037

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

- Price

N/A

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 /Amendment

Initial notification

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, type of instrument

Identification code

Ordinary shares of 60p

GB0009697037

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

- Price

N/A

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 /Amendment

Initial notification

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, type of instrument

Identification code

Ordinary shares of 60p

GB0009697037

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

- Price

N/A

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 /Amendment

Initial notification

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, type of instrument

Identification code

Ordinary shares of 60p

GB0009697037

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

- Price

N/A

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 /Amendment

Initial notification

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, type of instrument

Identification code

Ordinary shares of 60p

GB0009697037

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

- Price

N/A

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 /Amendment

Initial notification

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, type of instrument

Identification code

Ordinary shares of 60p

GB0009697037

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

- Price

N/A

Nil

e)

Date of the transaction

01/12/2020

f)

Place of the transaction

London

Eunice Payne

Company Secretarial Department

02/12/2020

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