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CTEC Convatec Group Plc

286.40
-2.80 (-0.97%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Convatec Group Plc LSE:CTEC London Ordinary Share GB00BD3VFW73 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.80 -0.97% 286.40 286.20 286.60 290.20 285.60 290.20 6,650,302 16:29:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Med, Dental, Hosp Eq-whsl 2.14B 130.3M 0.0636 45.03 5.87B

ConvaTec Group PLC Director/PDMR Shareholding (8217P)

14/10/2019 3:30pm

UK Regulatory


Convatec (LSE:CTEC)
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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

DSHLLFISIVLSLIA

(END) Dow Jones Newswires

October 14, 2019 10:30 ET (14:30 GMT)

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