BTG PLC Director/PDMR Shareholding (9089R)
June 19 2018 - 10:43AM
UK Regulatory
TIDMBTG
RNS Number : 9089R
BTG PLC
19 June 2018
Change in Directors' interests in the shares of BTG plc ("BTG"
or the "Company")
This notification is made in accordance with the Company's
obligations under the Market Abuse Regulation.
The following transactions have taken place in relation to the
executive directors under the Company's share plans.
2016 Performance Share Plan
On 18 June 2018, the following directors were granted
conditional awards ("Awards") under the BTG Performance Share Plan
2016 (the "Plan"). Louise Makin was granted an Award over 284,038
Ordinary Shares and Duncan Kennedy was granted an Award over
155,215 ordinary shares of 10 pence each in the Company ("Ordinary
Shares").
In each case the Awards were granted over Ordinary Shares equal
to 225% of salary at the point of grant, calculated at 543.6p per
share (being the average of the mid-market price over the five days
immediately prior to the grant date). No consideration was paid for
the grant of these Awards.
The Awards will normally vest on 18 June 2021, subject to the
satisfaction of the applicable TSR and EPS based performance
conditions being met over three financial years. The executive
directors will then be required to hold any shares vesting (on an
after-tax basis) for a further two years.
Deferred Share Bonus Plan
The Company has awarded bonuses to its executive directors. The
bonus is paid as a mix of cash and shares, with the first 75% of
salary of any bonus being paid in cash, with any bonus in excess of
75% of salary being awarded in shares under the Company's Deferred
Share Bonus Plan. For 2018 this comprises 33,992 shares for Louise
Makin and 4,759 shares for Duncan Kennedy. Under the terms of the
Plan these shares will normally be released in full to the
directors only after a further three years' service.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Louise Makin
----------------------------- ------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
a) Position/status CEO, Director
----------------------------- ------------------------------------------------
b) Initial notification Initial Notification
/Amendment
----------------------------- ------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name BTG plc
----------------------------- ------------------------------------------------
b) LEI 213800DCVRNVRVINH968
----------------------------- ------------------------------------------------
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
-------------------------------------------------------------------------------
1 Description of the Ordinary Shares of 10p
financial instrument,
type of instrument
Identification code GB0001001592
Nature of the transaction Grant of conditional awards under
the Company's Performance Share Plan
2016
----------------------------- ------------------------------------------------
Price(s) and volume(s)
-------------- -------------------
Price(s) Volume(s) Total
-------------- ---------- -------
GBP0 284,038 GBP0
-------------- ---------- -------
Aggregated information
* Aggregated Volume 284,038
GBP0
* Price
Date of the transaction 18 June 2018
----------------------------- ------------------------------------------------
Place of the transaction Outside a trading venue
----------------------------- ------------------------------------------------
2. Description of the Ordinary Shares of 10p
financial instrument,
type of instrument
Identification code GB0001001592
Nature of the transaction Grant of awards under the Company's
Deferred Share Bonus Plan
----------------------------- ------------------------------------------------
Price(s) and volume(s)
-------------- -------------------
Price(s) Volume(s) Total
-------------- ---------- -------
GBP0 33,992 GBP0
-------------- ---------- -------
Aggregated information
- Aggregated volume 33,992
- Price GBP0
Date of the transaction 18 June 2018
---------------------------------- ------------------------------------------------
Place of the transaction Outside a trading venue
---------------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Duncan Kennedy
--------------------------- -------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status CFO, Director
--------------------------- -------------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name BTG plc
--------------------------- -------------------------------------------------
b) LEI 213800DCVRNVRVINH968
--------------------------- -------------------------------------------------
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
------------------------------------------------------------------------------
1. Description of the Ordinary Shares of 10p
financial instrument,
type of instrument
Identification code GB0001001592
Nature of the transaction Grant of conditional awards under the
Company's Performance Share Plan 2016
--------------------------- -------------------------------------------------
Price(s) and volume(s)
--------------- --------------------
Price(s) Volume(s) Total
--------------- ---------- --------
GBP0 155,215 GBP0
--------------- ---------- --------
Aggregated information
-Aggregated volume 155,215
GBP0
* Price
Date of the transaction 18 June 2018
--------------------------- -------------------------------------------------
Place of the transaction Outside a trading venue
--------------------------- -------------------------------------------------
2. Description of the Ordinary Shares of 10p
financial instrument,
type of instrument
Identification code GB0001001592
Nature of the transaction Grant of awards under the Company's
Deferred Share Bonus Plan
--------------------------- -------------------------------------------------
Price(s) and volume(s)
--------------- --------------------
Price(s) Volume(s) Total
--------------- ---------- --------
GBP0 4,759 GBP0
--------------- ---------- --------
Aggregated information
- Aggregated volume 4,759
- Price GBP0
Date of the transaction 18 June 2018
-------------------------------- -------------------------------------------------
Place of the transaction Outside a trading venue
-------------------------------- -------------------------------------------------
Enquiries:
Andy Burrows, Vice President, Corporate and Investor
Relations
+44 (0)20 7575 1741; Mobile: +44 (0)7990 530605
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London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHSFSFIUFASELM
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