Convatec Group PLC: Director/PDMR Shareholding (1579993)
10 Marzo 2023 - 12:45PM
UK Regulatory
Convatec Group PLC (CTEC) Convatec Group PLC: Director/PDMR
Shareholding 10-March-2023 / 11:45 GMT/BST
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10 March 2023
Convatec Group Plc ("Convatec" or "the Company")
Director/ PDMR Shareholding
The Company has been notified of the following transactions in
relation to a Person Discharging Managerial Responsibility ("PDMR")
in respect of ordinary shares of 10 pence each in the Company
("Shares").
On 9 March 2023, Shares awarded to Karim Bitar, the Company's
Chief Executive Officer on 6 March 2020 under the Company's
Deferred Bonus Plan vested, resulting in Karim receiving 59,055
Shares.
On the same date, 27,833 of these Shares were sold automatically
on Karim's behalf to satisfy income tax and national insurance
liabilities arising in connection with the vesting of this
award.
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
Ordinary share of 10p each in Convatec Group
Description of the financial instrument, type of instrument Plc
a)
Identification code
GB00BD3VFW73
Vesting of the share award under the
Company's Deferred Bonus Plan, granted on 6
March 2020.
b) Nature of the transaction
Volume(s)
Price(s)
c) Price(s) and volume(s) 59,055
N/A
Aggregated information
d) - Aggregated volume N/A
- Price N/A
e) Date of the transaction 2023-03-09
f) Place of the transaction Outside a trading venue
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
Description of the financial instrument, type of Ordinary share of 10p each in Convatec Group Plc
instrument
a)
Identification code
GB00BD3VFW73
Sale of shares arising from the vesting of the share
b) Nature of the transaction award under the Deferred Bonus Plan, to meet income
tax and social security liabilities due on vesting.
Price(s) Volume(s)
c) Price(s) and volume(s)
2.2076 27,833
Aggregated information
d) - Aggregated volume N/A
- Price N/A
e) Date of the transaction 2023-03-09
f) Place of the transaction London Stock Exchange
Enquiries
Louise Bryson, Assistant Company Secretary +44(0)7423 694919
Cosec@convatec.com
Convatec Group Plc's LEI code is 213800LS272L4FIDOH92
About Convatec
Pioneering trusted medical solutions to improve the lives we
touch: Convatec is a global medical products and technologies
company, focused on solutions for the management of chronic
conditions, with leading positions in advanced wound care, ostomy
care, continence and critical care, and infusion care. With around
10,000 colleagues, we provide our products and services in almost
100 countries, united by a promise to be forever caring. Our
solutions provide a range of benefits, from infection prevention
and protection of at-risk skin, to improved patient outcomes and
reduced care costs. Group revenues in 2022 were over USD2 billion.
The company is a constituent of the FTSE 100 Index (LSE:CTEC). To
learn more about Convatec, please visit
http://www.convatecgroup.com.
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Dissemination of a Regulatory Announcement, transmitted by EQS
Group. The issuer is solely responsible for the content of this
announcement.
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ISIN: GB00BD3VFW73
Category Code: DSH
TIDM: CTEC
LEI Code: 213800LS272L4FIDOH92
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 229120
EQS News ID: 1579993
End of Announcement EQS News Service
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(END) Dow Jones Newswires
March 10, 2023 06:45 ET (11:45 GMT)
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