ConvaTec Group PLC Director/PDMR Shareholding (8217P)
14 Ottobre 2019 - 4:30PM
UK Regulatory
TIDMCTEC
RNS Number : 8217P
ConvaTec Group PLC
14 October 2019
14 October 2019
ConvaTec Group Plc
("ConvaTec" or "the Company")
Director/PDMR Shareholding
The Company has been notified of the following transaction by a
Person Discharging Managerial Responsibility ("PDMR") in ordinary
shares of 10 pence each in the share capital of the Company
("Shares").
On 9 October 2019 Karim Bitar, Chief Executive Officer and a
PDMR, sold 215,235 Shares at GBP1.76 per share to cover the
remaining balance of income tax liabilities due on the vesting and
exercise of a share award made to him under the Company's 2019 Long
Term Incentive Plan ("LTIP") on 30 September 2019.
Mr Bitar's resulting shareholding is 989,830 Shares, being the
balance from vesting and exercise of the 2019 LTIP award of
1,869,647 Shares (incorrectly stated as 1,869,646 Share in the
announcement dated 4 October 2019) less a total of 879,817 Shares
sold which was equivalent to the income tax liability with respect
to such awards (sold in two tranches on 30 September and 9 October
respectively).
The below notification, made in accordance with the requirements
of the EU Market Abuse Regulation, provides details of the number
of Shares sold on 9 October 2019.
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
2019 LTIP
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/ Initial notification
Amendment
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
Financial instrument, Ordinary shares of 10p each
type of instrument GB0002074580
Identification code
b) Nature of the transaction Sale of shares arising from the exercise of
the 2019 LTIP, which vested on 30 September
2019, to offset income tax and social security
liabilities due on the exercise.
c) Price(s) and volume(s) Price(s) Volume(s)
GBP1.757 215,235
----------
d) Aggregated information Average Price(s) Volume(s)
Aggregated volume GBP1.757 215,235
Price ----------
e) Date of the transaction 2019-10-09
f) Place of the transaction London Stock Exchange, Main Market (XLON)
Enquiries
Media
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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