Grant of Share Awards under LTIP

RNS Number : 6462S

BBGI SICAV S.A.

22 December 2016

 

22 December 2016

BBGI SICAV S.A.

(the "Company")

Grant of Share Awards under Long Term Incentive Plan ('LTIP')

BBGI SICAV S.A. (LSE ticker: BBGI), the global infrastructure investment company, announces that, in accordance with the Market Abuse Regulation Article 19, the Company's Co-Chief Executive Officers, Duncan Ball and Frank Schramm, and the Company's CFO, Michael Denny, were granted conditional awards of the Company's ordinary shares under the Company's LTIP on 21 December 2016. The awards granted are subject to performance and contractual conditions, as set out in the Company's Annual Report 2015.

The number of shares subject to the awards was determined by using the closing price of the Company's share price on 21 December 2016, as ascertained by the Official List, which was 139.5 p per share.

Subject to the achievement of the performance conditions, the awards will vest after 21 December 2019.

Executive                                  Maximum

Share Award

Duncan Ball                                   378,644

Frank Schramm                             346,706

Michael Denny                                 60,212

For further information, please contact:

BBGI Management Team        [phone]

Frank Schramm

Duncan Ball

BBGI owns a global portfolio of 39 infrastructure assets. These are PPP assets and are supported by contracted, public sector-backed revenue streams, with inflation-protection characteristics.

Further information about BBGI is available on its website at www.bb-gi.com *.

Any reference to the Company or BBGI refers also to its subsidiaries (where applicable).

* Neither the Company's website nor the content of any website accessible from hyperlinks on its website (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.                                                                                              

 

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