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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Puretech Health Plc | LSE:PRTC | London | Ordinary Share | GB00BY2Z0H74 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 212.50 | 211.50 | 215.50 | 225.00 | 211.00 | 219.00 | 854,935 | 16:35:12 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Home Health Care Services | 23.75M | -50.35M | -0.1839 | -11.50 | 579.23M |
From Apr 2021 to Apr 2024
TIDMPRTC
RNS Number : 5016A
PureTech Health PLC
02 June 2021
2 June 2021
PureTech Health plc
PDMR Notifications
PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) ("PureTech" or the "Company"), a clinical-stage biotherapeutics company dedicated to discovering, developing and commercializing highly differentiated medicines for devastating diseases, announces that awards of restricted share units ("RSUs") granted by PureTech on 15 June 2018 to certain directors and other persons discharging managerial responsibilities ("PDMRs") pursuant to its Performance Share Plan ("PSP") vested in full on 15 February 2021 following satisfaction of all of the performance conditions measured over the three year period to 31 December 2020.
Bharatt Chowrira received vested ordinary shares (after deduction of shares for payroll taxes). The Company's Remuneration Committee exercised its discretion in accordance with the Company's remuneration policy and the rules of the PSP and cash settled the vested ordinary shares of Daphne Zohar, Joseph Bolen, and Eric Elenko in full, resulting in those PDMRs receiving cash (after deduction of payroll taxes) instead of ordinary shares in the Company.
The market price per ordinary share in the Company used to calculate the amount payable to the PDMRs and the amount of shares to be issued to PDMRs was 387 pence, being the average closing price of the Company's shares over the three trading day period immediately preceding the settlement, and the exchange rate used to calculate the cash payment and amount of share settlement was GBP1:$1.417133.
The Company's total issued ordinary share capital is 286,431,217 shares after the share issuance to Bharatt Chowrira and other share issuances to non PDMR employees.
PDMR Notification
The information contained in the below notification is disclosed in accordance with Article 19 of the EU Market Abuse Regulation.
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1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Bharatt Chowrira
------------------------------------------- --------------------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Bharatt Chowrira - President and Chief of Business and Strategy
------------------------------------------- --------------------------------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------------- --------------------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name PureTech Health plc
------------------------------------------- --------------------------------------------------------------------
b) LEI 213800LVPDNO2Z9T9I39
------------------------------------------- --------------------------------------------------------------------
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 Ordinary Shares of PureTech Health
the financial plc
instrument, type ISIN GB00BY2Z0H74
of instrument
------------------------------------------- --------------------------------------------------------------------
b) Nature of the Issuance of ordinary shares in net settlement of certain vested
transaction RSUs under the PureTech Health
Performance Share Plan, after retentions in respect of payroll
taxes.
------------------------------------------- --------------------------------------------------------------------
c) Price(s) and Recipient Price Amount
volume(s) Bharatt Chowrira 0.01 GBP 114,724
--------- --------
------------------------------------------- --------------------------------------------------------------------
d) Aggregated information- Aggregated volume Price Aggregate Volume
n/a n/a
- Price -----------------
------------------------------------------- --------------------------------------------------------------------
e) Date of the transaction 1 June 2021
------------------------------------------- --------------------------------------------------------------------
f) Place of the London Stock Exchange (XLON)
transaction
------------------------------------------- --------------------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Daphne Zohar
Joseph Bolen
Eric Elenko
------------------------------------------- --------------------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Daphne Zohar - Chief Executive Officer
Joseph Bolen - Chief Scientific Officer
Eric Elenko - Chief Innovation Officer
------------------------------------------- --------------------------------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------------- --------------------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name PureTech Health plc
------------------------------------------- --------------------------------------------------------------------
b) LEI 213800LVPDNO2Z9T9I39
------------------------------------------- --------------------------------------------------------------------
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 Ordinary Shares of PureTech Health
the financial plc
instrument, type ISIN GB00BY2Z0H74
of instrument
------------------------------------------- --------------------------------------------------------------------
b) Nature of the Payment by PureTech Health plc in net settlement of a cash amount
transaction equivalent to the value
of Ordinary Shares on the vesting of certain RSUs under the
PureTech Health Performance Share
Plan, in each case after retentions in respect of payroll taxes
------------------------------------------- --------------------------------------------------------------------
c) Price(s) and Recipient Amount
volume(s) Daphne Zohar $3,393,143
-----------
Joseph Bolen $1,135,748
-----------
Eric Elenko $1,135,748
-----------
------------------------------------------- --------------------------------------------------------------------
d) Aggregated information- Aggregated volume Price Aggregate Volume
n/a n/a
- Price -----------------
------------------------------------------- --------------------------------------------------------------------
e) Date of the transaction 1 June 2021
------------------------------------------- --------------------------------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------------------- --------------------------------------------------------------------
About PureTech Health
PureTech is a clinical-stage biotherapeutics company dedicated to discovering, developing and commercializing highly differentiated medicines for devastating diseases, including inflammatory, fibrotic and immunological conditions, intractable cancers, lymphatic and gastrointestinal diseases and neurological and neuropsychological disorders, among others. The Company has created a broad and deep pipeline through the expertise of its experienced research and development team and its extensive network of scientists, clinicians and industry leaders. This pipeline, which is being advanced both internally and through PureTech's Founded Entities, is comprised of 26 therapeutics and therapeutic candidates, including two that have received FDA clearance and European marketing authorization, as of the date of PureTech's most recently filed Annual Report on Form 20-F. All of the underlying programs and platforms that resulted in this pipeline of therapeutic candidates were initially identified or discovered and then advanced by the PureTech team through key validation points based on the Company's unique insights into the biology of the brain, immune and gut, or BIG, systems and the interface between those systems, referred to as the BIG Axis.
For more information, visit www.puretechhealth.com or connect with us on Twitter @puretechh.
Contact: Investors Allison Mead Talbot +1 617 651 3156 amt@puretechhealth.com
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
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(END) Dow Jones Newswires
June 02, 2021 02:00 ET (06:00 GMT)
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