Convatec Group PLC: Director/PDMR Shareholding
17 Marzo 2023 - 11:30AM
UK Regulatory (RNS & others)
Convatec Group PLC (CTEC) Convatec Group PLC: Director/PDMR
Shareholding 17-March-2023 / 10:30 GMT/BST
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17 March 2023
Convatec Group Plc ("Convatec" or "the Company")
Director/ PDMR Shareholding
The Company has been notified of the following transactions in
relation to Persons Discharging Managerial Responsibility ("PDMR")
in respect of ordinary shares of 10 pence each in the Company
("Shares").
On 15 March 2023, awards were granted to Karim Bitar, the
Company's Chief Executive Officer and Jonny Mason, the Company's
Chief Financial Officer, under the Company's Deferred Bonus Plan
("DBP") in the form of restricted stock units ("RSUs"), which are
due to vest on the third anniversary of grant and are not subject
to performance conditions:
Karim Bitar: 201,937
Jonny Mason: 99,826
Further, on the same date, Karim Bitar and Jonny Mason were
granted awards under the Company's Long-Term Incentive Plan
("LTIP") in the form of Performance Share Units ("PSUs"). These
awards are due to vest on the third anniversary of grant,
conditional on the following performance conditions: organic
revenue growth, adjusted profit before tax growth, total
shareholder return; and subject to a two-year post vesting holding
period. Further details of the LTIP and performance conditions will
be detailed in the Company's 2022 Annual Report.
Karim Bitar: 1,041,628
Jonny Mason: 565,610
The three-day average share price, closing on 14 March 2023 of
GBP2.21 was used in determining the awards.
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 and PDMR
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 Ordinary share of 10p each in Convatec Group Plc
instrument, type of instrument
a)
Identification code
GB00BD3VFW73
1. Grant of RSUs under the DBP, subject to a time-based
vesting period of three years and continued employment.
b) Nature of the transaction 2. Grant of PSUs under the LTIP subject to (i) vesting period
of three years (ii) performance conditions based on a combination of
organic revenue growth, adjusted profit before tax growth and total
shareholder return (iii) two year post vesting holding period.
Volume(s)
1.
Price(s) 201,937
c) Price(s) and volume(s)
1. n/a 2.
2. n/a 1,041,628
Aggregated information
d) - Aggregated volume N/A
- Price N/A
e) Date of the transaction 2023-03-15
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 and PDMR
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 Ordinary share of 10p each in Convatec Group Plc
instrument, type of instrument
a)
Identification code
GB00BD3VFW73
1. Grant of RSUs under the DBP, subject to a time-based
vesting period of three years and continued employment.
b) Nature of the transaction 2. Grant of PSUs under the LTIP subject to (i) vesting period
of three years (ii) performance conditions based on a combination of
organic revenue growth, adjusted profit before tax growth and total
shareholder return (iii) two year post vesting holding period.
Volume(s)
1.
Price(s) 99,826
c) Price(s) and volume(s)
1. n/a 2.
2. n/a 565,610
Aggregated information
d) - Aggregated volume N/A
- Price N/A
e) Date of the transaction 2023-03-15
f) Place of the transaction Outside a trading venue
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
Sequence No.: 230778
EQS News ID: 1585605
End of Announcement EQS News Service
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(END) Dow Jones Newswires
March 17, 2023 06:30 ET (10:30 GMT)
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