Director/PDMR Shareholding

RNS Number : 0855G

Babcock International Group PLC

01 May 2014

 



BABCOCK INTERNATIONAL GROUP PLC

Notification of transactions of directors/persons discharging managerial responsibilities ("PDMRs") and their connected persons

In accordance with DTR 3.1.4R, Babcock International Group PLC (the "Company") announces that it was notified yesterday (in accordance with DTR 3.1.2R) that the following disposals of nil paid rights in respect of the Company's ordinary shares of 60p each took place in London under the terms of the Rights Issue announced by the Company on 27 March 2014.

Name	Position/Status of connected person	Number of nil paid rights disposed of	Price at which the nil paid rights were sold	Date of transaction
Mr A Bethel	PDMR	1,777	403.5p	30/04/2014
Mrs D Bethel	Wife of Mr A Bethel, PDMR	4,823	403.5p	30/04/2014

The proceeds of the sale of these nil paid rights will be used in full to take up some of the remaining nil paid rights to which the respective PDMR and his connected person are entitled ('tail-swallowing') and a further announcement regarding the subscription for those new ordinary shares will be made following the closing of the Rights Issue.

Further Information:

Babcock International Group PLC

[phone]

Terri Wright, Head of Investor Relations

 

END

 

 

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