Director/PDMR Shareholding

RNS Number : 4090N

BBGI SICAV S.A.

20 May 2020

 

20 May 2020

BBGI SICAV S.A.

(the "Company")

Director / PDMR Shareholding

The Company was notified on 19 May 2020 of the following transactions by Duncan Ball and Frank Schramm, Co-CEOs of the Company (together, the "Co-CEOs").

· On 19 May 2020, Duncan Ball sold 250,000 ordinary shares in the Company ("Ordinary Shares") at an average price of 162.80 pence per Ordinary Share. Duncan Ball now holds 509,581 Ordinary Shares in the Company.

· On 19 May 2020, Frank Schramm sold 219,240 ordinary shares in the Company ("Ordinary Shares") at an average price of 162.80 pence per Ordinary Share. Frank Schramm now holds 500,000 Ordinary Shares in the Company.

The sale of these shares is being undertaken to pay tax and for personal portfolio planning purposes.

Together the Co-CEOs now hold 1,009,581 shares in the Company, which is approximately 200% 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 £1.628 250,000 £407,000.00
d.	Aggregated information - Aggregated volume - Price -Total Value	As in 4 c) above
e.	Date of the transaction	19 May 2020
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 £1.628 219,240 £356,922.72
d.	Aggregated information - Aggregated volume - Price -Total Value	As in 4 c) above
e.	Date of the transaction	19 May 2020
f.	Place of the transaction	London Stock Exchange

For further information, please contact:

BBGI SICAV S.A.   [phone]

Duncan Ball

Frank Schramm

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