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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Btg Plc | LSE:BTG | London | Ordinary Share | GB0001001592 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 840.00 | 839.00 | 840.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBTG
RNS Number : 3897J
BTG PLC
16 August 2019
Change in Directors' interest in the shares of BTG plc ("BTG or the Company")
Notification and public disclosure by persons discharging managerial responsibilities.
Executive Director Share Dealings:
Acquisition of the Company by Bravo Bidco Limited (an indirect wholly owned subsidiary of Boston Scientific Corporation) by way of scheme of arrangement (the Scheme of Arrangement) - vesting and exercise of share awards held by PDMRs
On the Court's sanction of the Scheme of Arrangement, as announced on 15 August 2019 (RNS Number: 2221J), all outstanding share awards over BTG ordinary shares (Shares) vested and became exercisable. The awards held by the PDMRs listed below vested and were exercised effective immediately on Court sanction, and the Shares to which each PDMR became entitled will be acquired under the Scheme of Arrangement, along with all other Shares in issue, on the effective date of the Scheme of Arrangement on 19 August 2019.
Louise Makin held awards which vested or were exercised in respect of an aggregate of 1,285,168 Shares under the BTG Sharesave Scheme, the BTG Performance Share Scheme, the BTG Executive Option Plan Scheme, and the BTG Deferred Share Bonus Scheme.
Duncan Kennedy held awards which vested or were exercised in respect of an aggregate of 268,901 Shares under the BTG Sharesave Scheme, the BTG Performance Share Scheme, and the BTG Deferred Share Bonus Scheme.
As set out in the Scheme of Arrangement, the effect of the Scheme of Arrangement on the interests of BTG Directors does not differ from its effect on the interests of any other shareholder.
On 19 August 2019, following the acquisition by Bravo Bidco Limited of all Shares in the Company in issue, Louise Makin and Duncan Kennedy will hold no Shares in the Company.
1 Details of the person discharging managerial responsibilities/person closely associated a) Name Louise Makin ---------------------------- -------------------------------------------------- 2 Reason for the notification -------------------------------------------------------------------------------- b) Position / status Chief Executive Officer ---------------------------- -------------------------------------------------- c) Initial notification Initial notification / amendment ---------------------------- -------------------------------------------------- 3 Details of the Issuer -------------------------------------------------------------------------------- a) Name BTG plc ---------------------------- -------------------------------------------------- b) Legal Entity 213800DCVRNVRVINH968 Identifier ---------------------------- -------------------------------------------------- 4 Details of the transaction(s): Parts a-d of this section are 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 BTG plc Ordinary Shares of 10 pence each of the financial instrument, ISIN: GB0001001592 type of instrument (Identification code) ---------------------------- -------------------------------------------------- b) Nature of the (1) Exercise of options under the: transaction (i) BTG plc Sharesave Plan 2016; (ii) BTG plc Sharesave Plan 2017; (iii) BTG plc Sharesave Plan 2018; (iv) BTG plc Performance Share Plan 2016-2018; (v) BTG plc Executive Share Option Plan 2010-2012; (vi) BTG plc Deferred Share Bonus Plan 2017-2019. (2) Acquisition by Bravo Bidco Limited of 2,251,925 Shares under the Scheme of Arrangement. ---------------------------- -------------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) (1) (i) GBP5.2053 (1) (i) 691 (ii) GBP5.6507 (ii) 1,274 (iii) GBP4.2827 (iii) 256 (iv) nil (iv) 664,375 (v) nil (v) 474,861 (vi) nil (vi) 143,711 (2) 2,251,925 (2) GBP8.40 ---------------------------- --------------------------- --------------------- d) Aggregated information (1) 1,285,168 Aggregated volume GBPAs set out above Price (2) As set out above ---------------------------- -------------------------------------------------- e) Date of the (1) 16 August 2019 transaction (2) 19 August 2019 ---------------------------- -------------------------------------------------- f) Place of the (1) Outside a trading venue transaction (2) London Stock Exchange ---------------------------- -------------------------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Duncan Kennedy ---------------------------- --------------------------------------------------- 2 Reason for the notification --------------------------------------------------------------------------------- b) Position / status Chief Financial Officer ---------------------------- --------------------------------------------------- c) Initial notification Initial notification / amendment ---------------------------- --------------------------------------------------- 3 Details of the Issuer --------------------------------------------------------------------------------- a) Name BTG plc ---------------------------- --------------------------------------------------- b) Legal Entity 213800DCVRNVRVINH968 Identifier ---------------------------- --------------------------------------------------- 4 Details of the transaction(s): Parts a-d of this section are 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 BTG plc Ordinary Shares of 10 pence each of the financial instrument, ISIN: GB0001001592 type of instrument (Identification code) ---------------------------- --------------------------------------------------- b) Nature of the (1) Exercise of options under the: transaction (i) BTG plc Sharesave Plan 2016; (ii) BTG plc Sharesave Plan 2017; (iii) BTG plc Performance Share Plan 2016-2018; (iv) BTG plc Deferred Share Bonus Plan 2017-2019. (2) Acquisition by Bravo Bidco Limited of 298,135 Shares under the Scheme of Arrangement ---------------------------- --------------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) (1) (i) GBP5.2053 (1) (i) 1,729 (ii) GBP5.6507 (ii) 1,061 (iii) nil (iii) 220,201 (iv) nil (iv) 45,910 (2) GBP8.40 (2) 298,135 ---------------------------- ---------------------------- --------------------- d) Aggregated information (1) 268,901 Aggregated volume GBPAs set out above Price (2) As set out above ---------------------------- --------------------------------------------------- e) Date of the (1) 16 August 2019 transaction (2) 19 August 2019 ---------------------------- --------------------------------------------------- f) Place of the (1) Outside a trading venue transaction (2) London Stock Exchange ---------------------------- ---------------------------------------------------
Enquiries:
Andy Burrows, Vice President, Corporate and Investor Relations
+44 (0)20 7575 1741; Mobile: +44 (0)7990 530605
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.
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(END) Dow Jones Newswires
August 16, 2019 10:40 ET (14:40 GMT)
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