TIDMCTEC

RNS Number : 7565F

ConvaTec Group PLC

11 March 2020

11 March 2020

ConvaTec Group Plc

("ConvaTec" or "the Company")

Director/PDMR Shareholding

The Company announces the following change in the interests of Directors in ordinary shares of 10 pence each in the share capital of the Company ("Shares").

On 6 March 2020, Karim Bitar, the Company's Chief Executive Officer and Frank Schulkes, the Company's Chief Financial Officer, both Executive Directors, received an additional grant of shares in accordance with the Company's remuneration policy approved by shareholders, as a result of one third of their annual bonus being paid out as deferred shares as follows; such shares to vest on the third anniversary of grant:

   Karim Bitar:                  55,348 
   Frank Schulkes:           81,318 

The average of the middle market quotations of a ConvaTec share, derived from the London Stock Exchange Daily Official List for the three consecutive days from 3 March to 5 March 2020 (inclusive) of 187.90 pence was used in determining the number of shares to be granted under the deferred bonus provisions.

No consideration was paid for the grant of this award.

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                                   CEO 
  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                                Ordinary shares of 10p each in ConvaTec Group Plc 
         financial instrument,                             GB00BD3VFW73 
         type of instrument 
         Identification code 
  b)    Nature of the transaction                       Grant of restricted share award under bonus deferral subject 
                                                        only to a time based vesting 
                                                        condition 
  c)    Price(s) and volume(s)                            Price(s)                                         Volume(s) 
                                                           N/A                                               55,348 
  d)    Aggregated information 
         - Aggregated volume                                N/A 
         - Price 
  e)    Date of the transaction                           6 March 2020 
  f)    Place of the transaction                          Outside a trading venue 
 
 
  1      Details of the person discharging managerial responsibilities/person 
          closely associated 
  a)    Name                                              Frank Schulkes 
  2     Reason for the notification 
  a)    Position/Status                                   CFO 
  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                                Ordinary shares of 10p each in ConvaTec Group Plc 
         financial instrument,                             GB00BD3VFW73 
         type of instrument 
         Identification code 
  b)    Nature of the transaction                       Grant of restricted share award under bonus deferral subject 
                                                        only to a time based vesting 
                                                        condition 
  c)    Price(s) and volume(s)                            Price(s)                                         Volume(s) 
                                                           N/A                                               81,318 
  d)    Aggregated information 
         - Aggregated volume                                N/A 
         - Price 
  e)    Date of the transaction                           6 March 2020 
  f)    Place of the transaction                          Outside a trading venue 
 

Enquiries

Analysts and Investors

   Mark Reynolds, Director Investor Relations, ConvaTec           +44 (0)7551 036 625 

ir@convatec.com

Media

   Buchanan: Charles Ryland / Chris Lane / Vicky Haynes           +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 therapies for the management of chronic conditions, with leading market positions in advanced wound care, ostomy care, continence and critical care, and infusion care. ConvaTec's 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 where a copy of this announcement can also be found.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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March 11, 2020 11:45 ET (15:45 GMT)

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