GW Pharmaceuticals PLC Director/PDMR Shareholding (8758J)

TIDMGWP

RNS Number : 8758J

GW Pharmaceuticals PLC

14 September 2016

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                            Dr Stephen Wright 
---  ------------------------------  -------------------------------------------- 
 2.   Reason for the notification 
---  ---------------------------------------------------------------------------- 
 a.   Position/status                 Director/Chief Medical Officer 
---  ------------------------------  -------------------------------------------- 
 b.   Initial                         Initial notification 
       notification 
       /Amendment 
---  ------------------------------  -------------------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------------------------- 
 a.   Name                            GW Pharmaceuticals PLC 
---  ------------------------------  -------------------------------------------- 
 b.   LEI 
---  ------------------------------  -------------------------------------------- 
 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 0.1p each 
       Financial                       ISIN: GB0030544687 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
---  ------------------------------  -------------------------------------------- 
 b.   Nature of                      Exercise of share options to acquire 
       the transaction                ordinary shares. 
---  ------------------------------  -------------------------------------------- 
 c.   Price(s)                         Price(s)   Volume(s) 
       and volume(s)                      28.15p    198,288   Ordinary shares 
                                                               acquired pursuant 
                                                               to option exercise 
                                       ---------  ----------  ------------------- 
---  ------------------------------  -------------------------------------------- 
 d.        Aggregated 
            information 
             *    Aggregated volume                n/a 
 
 
             *    Price 
---  ------------------------------  -------------------------------------------- 
 e.   Date of                        13 September 2016 
       the transaction 
---  ------------------------------  -------------------------------------------- 
 f.   Place of                        London 
       the transaction 
---  ------------------------------  -------------------------------------------- 
 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                     Ordinary shares of 0.1p each and 
       of the                          American Depositary Shares 
       Financial 
       instrument,                     Ordinary Shares: ISIN: GB0030544687 
       type of                         American Depositary shares: ISIN: 
       instrument                      36197T1034 
       Identification 
       code 
---  ------------------------------  -------------------------------------------- 
 b.   Nature of                       Conversion of 198,288 Ordinary 
       the transaction                 shares into American Depositary 
                                       Shares (12 to 1 conversion ratio) 
                                       to create 16,524 ADSs 
---  ------------------------------  -------------------------------------------- 
 c.   Price(s)                          Price(s)   Volume(s) 
       and volume(s)                       -         16,524    ADS's issued upon 
                                                                conversion of 
                                                                198,288 Ordinary 
                                                                shares 
                                        ---------  ----------  ----------------- 
---  ------------------------------  -------------------------------------------- 
 d.        Aggregated 
            information 
             *    Aggregated volume                n/a 
 
 
             *    Price 
---  ------------------------------  -------------------------------------------- 
 e.   Date of                         13 September 2016 
       the transaction 
---  ------------------------------  -------------------------------------------- 
 f.   Place of                        Outside a trading venue 
       the transaction 
---  ------------------------------  -------------------------------------------- 
 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                        American Depositary Shares 
       instrument,                      ISIN: 36197T1034 
       type of 
       instrument 
       Identification 
       code 
---  ------------------------------  -------------------------------------------- 
 b.   Nature of                       Sale of American Depositary shares 
       the transaction 
---  ------------------------------  -------------------------------------------- 
 c.   Price(s)                          Price(s)   Volume(s) 
       and volume(s)                       $98.75    16,524    ADS's sold 
                                        ---------  ----------  ---------- 
---  ------------------------------  -------------------------------------------- 
 d.        Aggregated 
            information 
             *    Aggregated volume                n/a 
 
 
             *    Price 
---  ------------------------------  -------------------------------------------- 
 e.   Date of                         13 September 2016 
       the transaction 
---  ------------------------------  -------------------------------------------- 
 f.   Place of                        Nasdaq, New York 
       the transaction 
---  ------------------------------  -------------------------------------------- 
 

Explanatory note: On 13 September 2016 Dr Stephen Wright exercised options to acquire 198,288 0.1 pence Ordinary shares for an average exercise price of 28.15 pence per share. These were immediately converted into 16,524 American Depositary Shares and sold via Nasdaq for an average price of $98.75 per ADS. The sale represents less than 0.1% of shares in issue. This sale of shares by Dr Stephen Wright is in accordance with the disclosures contained within the prospectus dated 14 July 2016 whereby the sale of up to 200,000 Ordinary shares by Dr Wright was agreed by the underwriters to be specifically excluded from the lock-up arrangements entered into by the Directors of the Company.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 14, 2016 12:27 ET (16:27 GMT)