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Regulatory Story
Company BT Group PLC
TIDM BT.A
Headline Director/PDMR Shareholding
Released 11:00 01-Feb-2019
Number 8381O11

RNS Number : 8381O
BT Group PLC
01 February 2019
 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR PERSONS CLOSELY ASSOCIATED WITH THEM

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 

As announced on 25 October, 2018, Philip Jansen has today been granted awards under the BT Group Retention Share Plan (RSP) and the BT Group Incentive Share Plan (ISP). 

The RSP award is to compensate him for the loss in shares that were forefeited on leaving Worldpay to join BT.  In accordance with the Directors' Remuneration Policy approved by shareholders on 12 July 2017, the buy-out mirrors the value and terms of the award forefeited.  The RSP shares will vest on 20 March 2020 subject to continued employment and will only vest to the extent that the forfeited award meets the original performance targets set by Worldpay.  Philip has agreed to hold any vested shares for a further one year until 20 March 2021.

The 2018 ISP award will vest in May 2021, subject to performance.  Philip is required to hold any vested shares for a further two years.

Prior to joining BT, Philip purchased 770,500 BT shares (equivalent in value to £1,988,645) on 2 November 2018.

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

PHILIP JANSEN

2

 

Reason for the notification

 

a)

 

Position/status

 

CHIEF EXECUTIVE

b)

 

Initial notification /Amendment

 

INITIAL

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

BT GROUP PLC

b)

 

LEI

 

213800 LRO7NS5CYQMN21

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 IN BT GROUP PLC OF 5P EACH

ISIN:  GB0030913577

 

 

b)

 

Nature of the transaction

 

 

GRANT OF AWARD UNDER THE BT GROUP RETENTION SHARE PLAN (RSP) AND BT GROUP INCENTIVE SHARE PLAN (ISP).

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£2.416

370,798 (RSP)

£2.335

1,412,872 (ISP)

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

1,783,670 shares

 

 

£2.416 and £2.335

 

 

e)

 

Date of the transaction

 

 

1 FEBRUARY 2019

f)

 

Place of the transaction

 

LONDON


Name of contact and telephone number for queries

Anna Watch - 020 7356 5158

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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