ConvaTec Group PLC Director/PDMR Shareholding (6911C)

TIDMCTEC

RNS Number : 6911C

ConvaTec Group PLC

20 October 2020

20 October 2020

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 30 September 2020, Mr Karim Bitar, Chief Executive Officer and a PDMR, received 1,124,095 Shares following the vesting of a share award made to him under the Company's Long term Incentive Plan ("LTIP") in September 2019. On 1 October 2020, Mr Bitar sold 529,782 shares at GBP1.808 per share to cover the income tax liabilities relating to the vesting of the share award, leaving a retained balance of 594,313 Shares . The vesting of the award made under the LTIP was not subject to any performance conditions other than continued employment.

Further, on 15 October 2020, Mr Bitar acquired 7338 Shares at GBP1.775 per share under the terms of the Dividend Reinvestment Plan ("DRP") operated by the Company's registrars for employees holding shares within its Share Plan Account.

Mr Bitar's resulting shareholding is 1,606,064 Shares.

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

 
  1      Details of the person discharging managerial responsibilities/person 
          closely associated 
  a)    Name                                             Karim Bitar 
  2     Reason for the notification 
  a)    Position/Status                                  Chief Executive Officer 
  b)    Initial notification/Amendment                   Initial notification 
  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                               Ordinary shares of 10p each in ConvaTec 
         financial instrument,                            Group Plc ("Shares") 
         type of instrument                               GB00BD3VFW73 
         Identification code 
  b)    Nature of the transaction                        Sale of shares arising from the exercise 
                                                          of the share award which vested on 30 September 
                                                          2020, to offset income tax and social security 
                                                          liabilities on the exercise. 
  c)    Price(s) and volume(s)                           Price(s)                                          Volume(s) 
                                                          1.808                                             529,782 
  d)    Aggregated information 
         - Aggregated volume                               N/A 
         - Price                                           N/A 
  e)    Date of the transaction                          1 October 2020 
  f)    Place of the transaction                         London Stock Exchange, Main Market (XLON) 
 
 
  1      Details of the person discharging managerial responsibilities/person 
          closely associated 
  a)    Name                                               Karim Bitar 
  2     Reason for the notification 
  a)    Position/Status                                    Chief Executive Officer 
  b)    Initial notification/Amendment                     Initial notification 
  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                                 Ordinary shares of 10p each in ConvaTec 
         financial instrument,                              Group Plc ("Shares") 
         type of instrument                                 GB00BD3VFW73 
         Identification code 
  b)    Nature of the transaction                          Acquisition of Shares under the terms of 
                                                            the Dividend 
                                                            Reinvestment Plan operated by the Company's 
                                                            registrars for employees holding shares 
                                                            within its Share Plan Account. 
  c)    Price(s) and volume(s)                             Price(s)                                        Volume(s) 
                                                            1.775                                           7338 
  d)    Aggregated information 
         - Aggregated volume                                 N/A 
         - Price                                             N/A 
  e)    Date of the transaction                            15 October 2020 
  f)    Place of the transaction                           Outside a trading venue 
 

Enquiries

Analysts and Investors

Kate Postans, VP Investor Relations &

   Corporate Communications, ConvaTec,                                              [phone] 

[e-mail]

Media

Buchanan: Charles Ryland / Chris Lane [phone]

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 care. Our vision, which encompasses our purpose, is: Pioneering trusted medical solutions to improve the lives we touch. Our 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 .

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October 20, 2020 11:05 ET (15:05 GMT)