ConvaTec Group PLC Director/PDMR Shareholding (0031M)
05 Maggio 2020 - 05:18PM
UK Regulatory
TIDMCTEC
RNS Number : 0031M
ConvaTec Group PLC
05 May 2020
5 May 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 1 May 2020, Karim Bitar, the Company's Chief Executive
Officer and Frank Schulkes, 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
shareholder approval of the Directors' Remuneration Policy at the
2020 Annual General Meeting, these awards shall be subject to
continued employment for three years, and performance conditions
based on a combination of: relative total shareholder return, and
adjusted PBT growth, both over a three year period, weighted 25%
and 75% respectively.
As published in the 2019 Annual Report, total shareholder return
will be measured relative to the FTSE 350 excluding investment
trusts. Relative TSR will be measured over the performance period
of three years (commencing 1 January 2020) calculated in GBP and
using three-month averaging. Adjusted PBT growth will be measured
as the three--year compound annualised growth rate over the same
performance period (i.e. three years from 1 January 2020). The
adjusted PBT targets will be appropriately stretching, and linked
to a new strategic plan and corresponding operating model for the
three years. However, as at the date of grant, the strategic plan
remains under review to ensure that the impact of the COVID--19
pandemic is appropriately reflected. This means that the PBT growth
targets applicable to these awards have not been finalised yet. The
Board expects that the PBT growth targets shall be set by 15 August
2020 and these will be announced by RNS once they have been
agreed.
Karim Bitar: 1,061,532 Shares
Frank Schulkes: 535,752 Shares
No consideration was paid for the grant of these awards.
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 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: relative total shareholder return, and adjusted PBT growth,
both measured over a three
year period commencing 1 January 2020, weighted 25% and 75%
respectively (iii) continued employment.
c) Price(s) and volume(s) Price(s) Volume(s)
N/A 1,061,532
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 1 May 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 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: relative total shareholder return, and adjusted PBT
growth, both measured over a three
year period commencing 1 January 2020, weighted 25% and 75%
respectively (iii) continued employment.
c) Price(s) and volume(s) Price(s) Volume(s)
N/A 535,752
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 1 May 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 Hayns +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
DSHFLFIVEEIEIII
(END) Dow Jones Newswires
May 05, 2020 11:18 ET (15:18 GMT)
Grafico Azioni Convatec (LSE:CTEC)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Convatec (LSE:CTEC)
Storico
Da Mar 2023 a Mar 2024