AstraZeneca PLC Director/PDMR Shareholding (2235U)

TIDMAZN

RNS Number : 2235U

AstraZeneca PLC

27 March 2023

27 March 2023 11:00 BST

Transaction by Person Discharging Managerial Responsibilities

AstraZeneca PLC (the Company) announced that, on 23 March 2023, an award of the Company's ordinary shares of $0.25 each (Ordinary Shares) vested to Pascal Soriot, Executive Director and Chief Executive Officer, under the terms of the AstraZeneca Performance Share Plan (AZPSP).

The AZPSP award was granted on 23 March 2018 and was subject to a three-year performance period. On the third anniversary of grant the award was placed in a two-year holding period. The award vested at the end of that holding period. Application of the performance measures specified at the time of grant resulted in 99% of the AZPSP award vesting and the remaining unvested part lapsing.

Following the reinvestment of dividends accrued during performance and holding periods of the AZPSP award, and the withholding of shares to satisfy certain tax obligations arising on vesting, Mr Soriot's beneficial interests in Ordinary Shares changed as detailed in the table below:

 
 PDMR                 Ordinary Shares 
                   acquired under the 
                                AZPSP 
 Pascal Soriot                138,093 
                 -------------------- 
 

For tax purposes, the fair market value of an Ordinary Share at vest of the AZPSP award was 10,976 pence, being the closing price on the last trading day preceding the vesting.

Further details are set out in the attached notification, made in accordance with the requirements of the EU Market Abuse Regulation (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018.

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                        Pascal Soriot 
     --------------------------  ------------------------------------------------ 
      Reason for the notification 
  2 
     ---------------------------------------------------------------------------- 
 a)   Position/status             Chief Executive Officer 
     --------------------------  ------------------------------------------------ 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ------------------------------------------------ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------- 
 a)   Name                        AstraZeneca PLC 
     --------------------------  ------------------------------------------------ 
 b)   LEI                         PY6ZZQWO2IZFZC3IOL08 
     --------------------------  ------------------------------------------------ 
      Details of the transaction(s): section to be repeated 
  4    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 US$0.25 each in 
       financial instrument,       AstraZeneca PLC 
       type of instrument 
 
       Identification code         GB0009895292 
     --------------------------  ------------------------------------------------ 
 b)   Nature of the transaction   Acquisition of ordinary shares pursuant 
                                   to a vesting under the AstraZeneca 
                                   Performance Share Plan, for nil consideration. 
     --------------------------  ------------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
                                            0     138,093 
                                               ---------- 
     --------------------------  ------------------------------------------------ 
 d)   Aggregated information      Not applicable - single transaction 
 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  ------------------------------------------------ 
 e)   Date of the transaction     23 March 2023 
     --------------------------  ------------------------------------------------ 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ------------------------------------------------ 
 

AstraZeneca

AstraZeneca (LSE/STO/Nasdaq: AZN) is a global, science-led biopharmaceutical company that focuses on the discovery, development, and commercialisation of prescription medicines in Oncology, Rare Diseases, and BioPharmaceuticals, including Cardiovascular, Renal & Metabolism, and Respiratory & Immunology. Based in Cambridge, UK, AstraZeneca operates in over 100 countries and its innovative medicines are used by millions of patients worldwide. Please visit astrazeneca.com and follow the Company on Twitter @AstraZeneca .

Contacts

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Adrian Kemp

Company Secretary

AstraZeneca PLC

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March 27, 2023 06:00 ET (10:00 GMT)