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BBGI Global Infrastructure S.A. — Director's Dealing 2019
May 24, 2019
5220_dirs_2019-05-24_f7d6e2bd-5fb8-41d5-9deb-b4e958e2e542.html
Director's Dealing
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RNS Number : 1220A
BBGI SICAV S.A.
24 May 2019
24 May 2019
BBGI SICAV S.A.
(the "Company")
Director / PDMR Shareholding
The Company was notified on 23 May 2019 of the following transactions by Duncan Ball and Frank Schramm, Co-CEOs of the Company (together, the "Co-CEOs").
· On 23 May 2019, Duncan Ball sold 319,000 ordinary shares in the Company ("Ordinary Shares") at an average price of 155.91 pence per Ordinary Share. Duncan Ball now holds 430,679 Ordinary Shares in the Company.
· On 23 May 2019, Frank Schramm sold 319,000 ordinary shares in the Company ("Ordinary Shares") at an average price of 155.91 pence per Ordinary Share. Frank Schramm now holds 418,080 Ordinary Shares in the Company.
The sale of these shares is being undertaken to pay tax and for personal portfolio planning purposes with neither of the Co-CEOs having sold any shares in the Company since its IPO in 2011.
Together the Co-CEOs continue to hold approximately 848,000 shares in the Company, which is in excess of 150% of their current salaries, and remain totally committed to the long term success of BBGI.
The Supervisory Board of BBGI has approved these transactions and believes there continues to be strong alignment between the Management Board and shareholders as a result of the existing remuneration structure.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
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 SICAV S.A.
b.
LEI
5299 00CV 0RWC OP5Y HK95
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
Sale of shares
c.
Price(s) and volume(s)
| Price | Volume | Total |
| £1.5591 | 319,000 | £497,352.90 |
d.
Aggregated information
- Aggregated volume
- Price
-Total Value
As in 4 c) above
e.
Date of the transaction
23 May 2019
f.
Place of the transaction
London Stock Exchange
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 SICAV S.A.
b.
LEI
5299 00CV 0RWC OP5Y HK95
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
Sale of shares
c.
Price(s) and volume(s)
| Price | Volume | Total |
| £1.5591 | 319,000 | £497,352.90 |
d.
Aggregated information
- Aggregated volume
- Price
-Total Value
As in 4 c) above
e.
Date of the transaction
23 May 2019
f.
Place of the transaction
London Stock Exchange
For further information, please contact:
BBGI SICAV S.A. +352 26 34 79-1
Duncan Ball
Frank Schramm
END
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 [email protected] or visit www.rns.com.
END
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