ConvaTec Group PLC Director/PDMR Shareholding (4660I)
08 Agosto 2019 - 05:30PM
UK Regulatory
TIDMCTEC
RNS Number : 4660I
ConvaTec Group PLC
08 August 2019
8 August 2019
ConvaTec Group Plc
("ConvaTec" or "the Company")
Director/PDMR Shareholding
The Company announces the following change in the interests of a
Director in ordinary shares of 10 pence each in the share capital
of the Company ("Shares").
On 8 August 2019, Frank Schulkes, the Company's Chief Financial
Officer and Executive Director, was granted a conditional share
award of 606,274 Shares under the Company's Long Term Incentive
Plan (LTIP). The award is subject to a time vesting period of three
years, performance conditions based on a combination of: relative
total shareholder return; earnings per share; and return on
invested capital, all over the three-year period and equally
weighted, along with continued employment.
The number of Shares are the maximum available if the
performance conditions for the three-year performance period are
fully satisfied. Details of the 2019 LTIP targets were disclosed in
the Company's half year results published on 1 August 2019.
The share price of GBP1.821 was used to determine the number of
shares subject to grant, determined by the average closing price of
the Company's Shares for the three consecutive business days, up to
and including 7 August 2019.
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 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; earnings per share; and
return on invested capital,
all over the three-year period and equally weighted, along with
continued employment.
c) Price(s) and volume(s) Price(s) Volume(s)
N/A 606,274
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 2019-08-08
f) Place of the transaction Outside a trading venue
Enquiries
Media
Bobby Leach, VP Group Corporate Affairs, ConvaTec +44 (0)7770 842 226
Finsbury +44 (0)207 251 3801
Analysts and Investors
John Crosse, VP Investor Relations, ConvaTec +44 (0)7500 141 435
Mark Reynolds, Director Investor Relations, ConvaTec +44 (0)7551 036 625
investorrelations@convatec.com
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 devices. 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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