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.   +352 26 34 79-1

Duncan Ball

Frank Schramm

 

 

 

END


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