Grant of Share Awards under LTIP

RNS Number : 8845J

BBGI Global Infrastructure S.A.

29 December 2020

 

29 December 2020

BBGI Global Infrastructure S.A.

(the "Company")

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

BBGI Global Infrastructure 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 23 December 2020. The awards granted are subject to performance and contractual conditions.

The number of shares subject to the awards was determined by using the closing price of the Company's share price on 23 December 2020, as ascertained by the Official List, which was 170.00 p per share.

Subject to the achievement of the performance conditions, the awards will vest after 22 December 2023.

Executive  Maximum

Share Award*

Duncan Ball  574,165

Frank Schramm  596,200

Michael Denny  286,394

*Both Mr. Ball's and Mr. Schramm's maximum share award is subject to shareholder approval at the April 2021 AGM. Mr. Denny's maximum award is within the current approved limits.

For further information, please contact:

BBGI Management Team   [phone]

Frank Schramm

Duncan Ball

NOTES

BBGI Global Infrastructure (BBGI) is a responsible infrastructure investment company and a constituent of the FTSE 250 that invests in and actively manages for the long-term a globally diversified, low-risk portfolio of essential social infrastructure investments.

BBGI is committed to delivering stable and predictable cash flows with progressive long-term dividend growth and attractive, sustainable, returns for shareholders. BBGI has a proactive approach to preserving and enhancing the value of its investments, and to delivering well maintained social infrastructure for communities and end users, whilst serving society by supporting local communities.

All of BBGI's investments are availability-based and supported by secure public sector-backed contracted revenues, with inflation-protection characteristics, that is paid so long as the assets are available for use.

BBGI's investment portfolio is over 99% operational with all its investments located across highly rated investment grade countries with stable, well developed operating environments.

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

The Company's LEI: 529900CV0RWCOP5YHK95

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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