BTG PLC Director/PDMR Shareholding (3897J)
August 16 2019 - 9:40AM
UK Regulatory
TIDMBTG
RNS Number : 3897J
BTG PLC
16 August 2019
Change in Directors' interest in the shares of BTG plc ("BTG or
the Company")
Notification and public disclosure by persons discharging
managerial responsibilities.
Executive Director Share Dealings:
Acquisition of the Company by Bravo Bidco Limited (an indirect
wholly owned subsidiary of Boston Scientific Corporation) by way of
scheme of arrangement (the Scheme of Arrangement) - vesting and
exercise of share awards held by PDMRs
On the Court's sanction of the Scheme of Arrangement, as
announced on 15 August 2019 (RNS Number: 2221J), all outstanding
share awards over BTG ordinary shares (Shares) vested and became
exercisable. The awards held by the PDMRs listed below vested and
were exercised effective immediately on Court sanction, and the
Shares to which each PDMR became entitled will be acquired under
the Scheme of Arrangement, along with all other Shares in issue, on
the effective date of the Scheme of Arrangement on 19 August
2019.
Louise Makin held awards which vested or were exercised in
respect of an aggregate of 1,285,168 Shares under the BTG Sharesave
Scheme, the BTG Performance Share Scheme, the BTG Executive Option
Plan Scheme, and the BTG Deferred Share Bonus Scheme.
Duncan Kennedy held awards which vested or were exercised in
respect of an aggregate of 268,901 Shares under the BTG Sharesave
Scheme, the BTG Performance Share Scheme, and the BTG Deferred
Share Bonus Scheme.
As set out in the Scheme of Arrangement, the effect of the
Scheme of Arrangement on the interests of BTG Directors does not
differ from its effect on the interests of any other
shareholder.
On 19 August 2019, following the acquisition by Bravo Bidco
Limited of all Shares in the Company in issue, Louise Makin and
Duncan Kennedy will hold no Shares in the Company.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Louise Makin
---------------------------- --------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------
b) Position / status Chief Executive Officer
---------------------------- --------------------------------------------------
c) Initial notification Initial notification
/ amendment
---------------------------- --------------------------------------------------
3 Details of the Issuer
--------------------------------------------------------------------------------
a) Name BTG plc
---------------------------- --------------------------------------------------
b) Legal Entity 213800DCVRNVRVINH968
Identifier
---------------------------- --------------------------------------------------
4 Details of the transaction(s): Parts a-d of this section
are 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 BTG plc Ordinary Shares of 10 pence each
of the financial
instrument, ISIN: GB0001001592
type of instrument
(Identification
code)
---------------------------- --------------------------------------------------
b) Nature of the (1) Exercise of options under the:
transaction (i) BTG plc Sharesave Plan 2016;
(ii) BTG plc Sharesave Plan 2017;
(iii) BTG plc Sharesave Plan 2018;
(iv) BTG plc Performance Share Plan 2016-2018;
(v) BTG plc Executive Share Option Plan
2010-2012;
(vi) BTG plc Deferred Share Bonus Plan
2017-2019.
(2) Acquisition by Bravo Bidco Limited
of 2,251,925 Shares under the Scheme of
Arrangement.
---------------------------- --------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) (1) (i) GBP5.2053 (1) (i) 691
(ii) GBP5.6507 (ii) 1,274
(iii) GBP4.2827 (iii) 256
(iv) nil (iv) 664,375
(v) nil (v) 474,861
(vi) nil (vi) 143,711
(2) 2,251,925
(2) GBP8.40
---------------------------- --------------------------- ---------------------
d) Aggregated information (1) 1,285,168
Aggregated volume GBPAs set out above
Price
(2) As set out above
---------------------------- --------------------------------------------------
e) Date of the (1) 16 August 2019
transaction
(2) 19 August 2019
---------------------------- --------------------------------------------------
f) Place of the (1) Outside a trading venue
transaction (2) London Stock Exchange
---------------------------- --------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Duncan Kennedy
---------------------------- ---------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
b) Position / status Chief Financial Officer
---------------------------- ---------------------------------------------------
c) Initial notification Initial notification
/ amendment
---------------------------- ---------------------------------------------------
3 Details of the Issuer
---------------------------------------------------------------------------------
a) Name BTG plc
---------------------------- ---------------------------------------------------
b) Legal Entity 213800DCVRNVRVINH968
Identifier
---------------------------- ---------------------------------------------------
4 Details of the transaction(s): Parts a-d of this section
are 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 BTG plc Ordinary Shares of 10 pence each
of the financial
instrument, ISIN: GB0001001592
type of instrument
(Identification
code)
---------------------------- ---------------------------------------------------
b) Nature of the (1) Exercise of options under the:
transaction (i) BTG plc Sharesave Plan 2016;
(ii) BTG plc Sharesave Plan 2017;
(iii) BTG plc Performance Share Plan 2016-2018;
(iv) BTG plc Deferred Share Bonus Plan
2017-2019.
(2) Acquisition by Bravo Bidco Limited
of 298,135 Shares under the Scheme of
Arrangement
---------------------------- ---------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) (1) (i) GBP5.2053 (1) (i) 1,729
(ii) GBP5.6507 (ii) 1,061
(iii) nil (iii) 220,201
(iv) nil (iv) 45,910
(2) GBP8.40 (2) 298,135
---------------------------- ---------------------------- ---------------------
d) Aggregated information (1) 268,901
Aggregated volume GBPAs set out above
Price
(2) As set out above
---------------------------- ---------------------------------------------------
e) Date of the (1) 16 August 2019
transaction
(2) 19 August 2019
---------------------------- ---------------------------------------------------
f) Place of the (1) Outside a trading venue
transaction (2) London Stock Exchange
---------------------------- ---------------------------------------------------
Enquiries:
Andy Burrows, Vice President, Corporate and Investor
Relations
+44 (0)20 7575 1741; Mobile: +44 (0)7990 530605
This information is provided by RNS, the news service of the
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHSFMFLMFUSEDA
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