Director/PDMR Shareholding

RNS Number : 7811Z
BBGI Global Infrastructure S.A.
25 May 2021
 

25 May 2021

BBGI Global Infrastructure S.A.

(the "Company")

 

Director / PDMR Shareholding

 

The Company was notified on 25 May 2021 of the following transactions by Duncan Ball and Frank Schramm, Co-CEOs of the Company (together, the "Co-CEOs").

· Between 24 and 25 May 2021, Duncan Ball sold 380,000 ordinary shares in the Company ("Ordinary Shares") at an average price of 174.50 pence per Ordinary Share. Duncan Ball now holds 635,660 Ordinary Shares in the Company.

· Between 24 and 25 May 2021, Frank Schramm sold 381,659 ordinary shares in the Company ("Ordinary Shares") at an average price of 174.50 pence per Ordinary Share. Frank Schramm now holds 600,000 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 1,235,660 shares in the Company, which is over 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 Global Infrastructure 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.  £1.7594

67,195

£118,222.88

2.  £1.742

312,805

£544,906.31

d.

Aggregated information

 

- Aggregated volume

- Price

-Total Value

Price

Volume

Total

As in 4(c) above

380,000

£663,129.19

e.

Date of the transaction

1.  24 May 2021

2.  25 May  2021

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 Global Infrastructure 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.  £1.7594

67,489

£118,740.15

2.  £1.742

314,170

£547,284.14

d.

Aggregated information

 

- Aggregated volume

- Price

-Total Value

Price

Volume

Total

As in 4(c) above

381,659

£666,024.29

e.

Date of the transaction

1.  24 May 2021

2.  25 May  2021

f.

Place of the transaction

London Stock Exchange

 

 

For further information, please contact:

 

BBGI Global Infrastructure  S.A.   +352 26 34 79-1

Duncan Ball 

Frank Schramm

 

 

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