10:50 Thu 11 Mar 2021
ConvaTec Group PLC - Director/PDMR Shareholding
ConvaTec Group Plc
("ConvaTec" or "the Company")
Director/PDMR Shareholding
The Company announces the following change in the interests of Directors in ordinary shares of
2021 Awards under deferred bonus plan
On
The average of the middle market quotations of a ConvaTec share, derived from the London Stock Exchange Daily Official List for the three consecutive business days from 5 March to
2021 Awards under Long Term Incentive Plan
On the same day,
Total shareholder return will be measured relative to the FTSE 350 excluding investment trusts. Relative TSR will be measured over the performance period of three years (commencing
No consideration was paid for the grant of the following awards:
Vesting of 2018 Award under deferred bonus plan
Further, on
The attached notifications, 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 |
|
||
2 |
Reason for the notification |
|||
a) |
Position/Status |
CEO |
||
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 financial instrument, type of instrument Identification code |
Ordinary shares of 10p each in ConvaTec Group Plc GB00BD3VFW73 |
||
b) |
Nature of the transaction |
1. Grant of conditional share award under bonus deferral plan subject only to a time based vesting condition. 2. Grant of conditional share award under the ConvaTec Group Plc Long Term Incentive Plan, subject to (i) a time vesting period of three years (ii) performance conditions based on a combination of relative total shareholder return and adjusted profit before tax growth (iii) continued employment.
|
||
c) |
Price(s) and volume(s) |
Price(s) 1 - N/A 2 - N/A
|
Volume(s) 1 - 301,460 2 - 1,147,691
|
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
||
e) |
Date of the transaction |
2021-03-10 |
||
f) |
Place of the transaction |
Outside a trading venue |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||
a) |
Name |
|
||
2 |
Reason for the notification |
|||
a) |
Position/Status |
CFO |
||
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 financial instrument, type of instrument Identification code |
Ordinary shares of 10p each in ConvaTec Group Plc GB00BD3VFW73 |
||
b) |
Nature of the transaction |
1. Grant of conditional share award under bonus deferral plan subject only to a time based vesting condition. 2. Grant of conditional share award under the ConvaTec Group Plc Long Term Incentive Plan, subject to (i) a time vesting period of three years (ii) performance conditions based on a combination of relative total shareholder return and adjusted profit before tax growth (iii) continued employment. |
||
c) |
Price(s) and volume(s) |
Price(s) 1 - N/A 2 - N/A
|
Volume(s) 1 - 114,001 2 - 593,759
|
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
||
e) |
Date of the transaction |
2021-03-10 |
||
f) |
Place of the transaction |
Outside a trading venue |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
||
a) |
Name |
|
|
2 |
Reason for the notification |
||
a) |
Position/Status |
CFO |
|
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 financial instrument, type of instrument Identification code |
Ordinary shares of 10p each in ConvaTec Group Plc GB00BD3VFW73 |
|
b) |
Nature of the transaction |
7,761 Shares acquired pursuant to the vesting of shares under the deferred bonus plan. Sale of 3,658 Shares arising from the exercise of the share award which vested on Retained balance of 4,103 Shares |
|
c) |
Price(s) and volume(s) |
Price(s) Shares sold
|
Volume(s)
3,658
|
d) |
Aggregated information - Aggregated volume - Price |
Retained Shares 4,103 Shares Nil consideration |
|
e) |
Date of the transaction |
2021-03-08 |
|
f) |
Place of the transaction |
London Stock Exchange, Main Market (XLON) |
Enquiries
Analysts and Investors
Corporate Communications, ConvaTec
Media
Buchanan:
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.
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.
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of...
FOR OUR FULL DISCLAIMER CLICK HERE