16 May 2024
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 2020-2023 originally granted on 23 December 2020 have vested and that the relevant number of shares in the Company have been transferred out of treasury to the relevant participants on 15 May 2024, 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 2023, 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 transferred out of treasury to the participants on 15 May 2024. No payment by the participants was required for the grant of the awards, on vesting, or on transfer of the relevant shares out of treasury.
The individual vested awards to PDMRs were as follows;
| Director/PDMR | Total Vested Shares - LTIP Award | Total Vested Shares -STIP Award |
| Duncan Ball - CEO | 574,165 | 140,929 |
| Michael Denny - CFOO | 286,394 | 87,707 |
| Total Shares | 860,559 | 228,636 |
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 transferred to each individual as follows;
| Director/PDMR | Total Shares Transferred out of Treasury |
| Duncan Ball - CEO | 376,430 |
| Michael Denny - CFO | 222,974 |
| Total Shares | 599,404 |
The resulting holdings of each of the individuals are as follows:
| Director / PDMR
| Shares held as at 15 May 2024 |
| Duncan Ball (CEO / Management Board Director)
| 1,447,788 |
| Michael Denny (CFOO / Management Board Director)
| 873,459 |
.
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 / 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. Transfer of treasury shares pursuant to 2020-23 LTIP 2. Transfer of treasury shares pursuant to FY2023 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 | 15 May 2024 | ||||||||
| 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. Transfer of treasury shares pursuant to 2020-23 LTIP 2. Transfer of treasury shares pursuant to FY2023 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 | 15 May 2024 | ||||||||
| f. | Place of the transaction | n/a | ||||||||
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