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) |
| ||||||||
| 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) |
| ||||||||
| 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) |
| ||||||||
| 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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