ConvaTec Group PLC Director/PDMR Shareholding
17 Marzo 2022 - 03:40PM
UK Regulatory (RNS & others)
TIDMCTEC
RNS Number : 1733F
ConvaTec Group PLC
17 March 2022
Reading, United Kingdom - Thursday 17 March 2022
ConvaTec Group Plc
("ConvaTec" or "the Company")
Director/PDMR Shareholding
The Company has been notified of the following transactions by
Persons Discharging Managerial Responsibility ("PDMR") in ordinary
shares of 10 pence each in the share capital of the Company
("Shares").
On 14 March 2022, Karim Bitar, the Company's Chief Executive
Officer, and Jonny Mason, the Company's Chief Financial Officer,
both Executive Directors, were granted conditional share awards
under the Company's Long Term Incentive Plan (LTIP), subject to a
time vesting period of three years, performance conditions based on
a combination of Adjusted Profit Before Tax growth and Total
Shareholder Return, and continued employment, as follows:
Karim Bitar: 1,238,337
Jonny Mason: 690,112
Further, on the same day, Karim Bitar was granted 263,650 Shares
in accordance with the Company's remuneration policy approved by
shareholders, as a result of one third of Mr Bitar's annual bonus
being paid out as deferred shares, such shares to vest on the third
anniversary of grant. The three-day average share price, closing on
11 March 2022 of 181.13 pence was used in determining the number of
shares to be granted under the deferred bonus provisions.
The attached notification, made in accordance with the
requirements of the EU Market Abuse Regulation, gives further
detail.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Karim Bitar
2 Reason for the notification
a) Position/Status Chief Executive Officer
b) Initial notification/Amendment Initial notification
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name ConvaTec Group Plc
b) LEI 213800LS272L4FIDOH92
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 Ordinary shares of 10p each in ConvaTec Group Plc ("Shares")
instrument, type of instrument GB00BD3VFW73
Identification code
b) Nature of the transaction 1. Grant of conditional share award under the ConvaTec Group
Plc Long Term Incentive Plan
subject to (i) time vesting period of three years, (ii)
performance conditions based on a
combination of Adjusted Profit Before Tax growth and Total
Shareholder Return and (ii) continued
employment
2. Grant of restricted share award under the deferred bonus
provisions, subject only to a
time-based vesting period of three years.
c) Price(s) and volume(s) Price(s) Volume(s)
1 - n/a 1 - 1,238,337
2 - n/a 2 - 263,650
d) Aggregated information
- Aggregated volume n/a
- Price n/a
e) Date of the transaction 2022-03-14
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Jonny Mason
2 Reason for the notification
a) Position/Status Chief Financial Officer
b) Initial notification/Amendment Initial notification
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name ConvaTec Group Plc
b) LEI 213800LS272L4FIDOH92
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 Ordinary shares of 10p each in ConvaTec Group Plc ("Shares")
instrument, type of instrument GB00BD3VFW73
Identification code
b) Nature of the transaction Grant of conditional share award under the ConvaTec Group
Plc Long Term Incentive Plan subject
to (i) time vesting period of three years, (ii) performance
conditions based on a combination
of Adjusted Profit Before Tax growth and Total Shareholder
Return and (ii) continued employment.
c) Price(s) and volume(s) Price(s) Volume(s)
n/a 690,112
d) Aggregated information
- Aggregated volume n/a
- Price n/a
e) Date of the transaction 2022-03-14
f) Place of the transaction Outside a trading venue
Enquiries
Analysts and Investors
Kate Postans, VP Investor Relations, ConvaTec +44 (0)782 644 7807
ir@convatec.com
Media
Buchanan: Charles Ryland / Chris Lane +44 (0)207 466 5000
ConvaTec Group Plc's LEI code is 213800LS272L4FIDOH92
About ConvaTec
ConvaTec is a global medical products and technologies company
focused on solutions for the management of chronic conditions, with
leading market positions in advanced wound care, ostomy care,
continence and critical care, and infusion care. Our products
provide a range of clinical and economic benefits including
infection prevention, protection of at-risk skin, improved patient
outcomes and reduced total cost of care. To learn more about
ConvaTec, please visit www.convatecgroup.com
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END
DSHFLFVSVIIDLIF
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March 17, 2022 10:40 ET (14:40 GMT)
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