Babcock International Group PLC

Remuneration Information • Jun 16, 2016

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RNS Number : 4580B

Babcock International Group PLC

16 June 2016

BABCOCK INTERNATIONAL GROUP PLC

16 June 2016

NOTIFICATION OF TRANSACTIONS OF PDMRs OR THEIR CONNECTED PERSONS

Notification made in accordance with Rule 3.1.4 (1) (a) of the Disclosure and Transparency Rules.

On 15 June 2016, Babcock International Group PLC (the "Company") granted share awards over ordinary shares in the Company ("Shares") as described below.

Deferred Bonus-related share awards

The Company made the following Basic Awards under the Company's 2012 Deferred Bonus Plan (Deferred Bonus Plan) to each of the persons listed below.

Name of PDMR	Number of ordinary shares over which a basic award was granted
Peter Rogers	23,332
Franco Martinelli	12,843
Bill Tame	12,498
Archie Bethel	13,162
John Davies	13,571
John Howie	6,882
Roger Hardy	3,889

These Basic Awards represent the mandatory deferral into shares of 40% of the annual bonus earned by these persons for the year ended 31 March 2016.  They will vest, subject to the rules of the share plan, after three years.

In addition, Peter Rogers was granted a matching award under the Deferred Bonus Matching Plan over 7,777 Shares in respect of his above Basic Award.  He also chose to make a voluntary deferral of an additional bonus amount of £257,140 into an award over 25,787 Shares and was granted a matching award over 8,595 Shares in respect of that voluntary bonus deferral award.  The rate of match for each such award made to him was a third of a share for each share represented by the basic and voluntary deferral awards, compared to a maximum permissible match of 2 for 1, in light of his pending retirement.  The vesting of these matching awards is subject to performance targets being met over a three year performance period (1 April 2016 - 31 March 2019).

Performance Share Plan Awards

Awards over Shares were also made to the persons listed below on 15 June 2016 under the Company's Performance Share Plan 2009 ("PSP").  The vesting of PSP awards is subject to performance targets being met over a three-year performance period (1 April 2016 to 31 March 2019). 

Name of PDMR	Number of ordinary shares over which over which PSP award granted
Peter Rogers	22,060
Franco Martinelli	84,238
Bill Tame	84,238
Archie Bethel	110,312
John Davies	81,230
John Howie	74,210
Roger Hardy	74,210

The number of shares covered by the award made to Peter Rogers represents one-sixth of the maximum award permissible under the rules of the plan in light of his pending retirement. 

All the above 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.

Further Information:

Babcock International Group PLC

+44 (0)20 7355 5300

Jack Borrett, Group Company Secretary and General Counsel

This information is provided by RNS

The company news service from the London Stock Exchange

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