ConvaTec Group PLC Director/PDMR Shareholding (1760H)
March 08 2018 - 9:35AM
UK Regulatory
TIDMCTEC
RNS Number : 1760H
ConvaTec Group PLC
08 March 2018
8 March 2018
ConvaTec Group Plc
("ConvaTec" or "the Company")
Director/PDMR Shareholding
The Company announces the following changes in the interests of
Directors in ordinary shares of 10 pence each in the share capital
of the Company ("Shares").
On 7 March 2018, Paul Moraviec, the Company's Chief Executive
Officer, and Frank Schulkes, the Company's Chief Financial Officer,
both Executive Directors, were granted conditional share awards
under the Company's Long Term Incentive Plan (LTIP), subject to a
time vesting period of three years, performance conditions based on
a combination of relative total shareholder return, earnings per
share and return on invested capital over the three year period
equally weighted and, continued employment, as follows;
Paul Moraviec: 585,436
Frank Schulkes: 365,291
The number of Shares are the maximum available if the
performance conditions for the three year performance period are
fully satisfied. Further details of the LTIP and performance
conditions will be contained in the Company's next Annual
Report.
Further, both Executive Directors received an additional grant
of shares in accordance with the Company's remuneration policy
approved by shareholders, as a result of one third of their annual
bonus being paid out as deferred shares as follows, such shares to
vest on the third anniversary of grant;
Paul Moraviec: 17,172
Frank Schulkes: 7,210
The closing share price on 6 March of GBP2.06 was used in
determining the number of shares to be granted under the deferred
bonus provisions.
No consideration was paid for the grant of either of these
awards.
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 Paul Moraviec
---- ---------------------------------------------- ----------------------------------------------------------------
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 Ordinary shares of 10p each in ConvaTec Group Plc
financial instrument, GB00BD3VFW73
type of instrument
Identification code
---- ---------------------------------------------- ----------------------------------------------------------------
b) Nature of the transaction 1. Grant of conditional share award under the ConvaTec Group
Plc Long Term Incentive Plan
subject to Long Term Incentive Plan, subject to (i) time
vesting period of three years (ii)
performance conditions based on a combination of relative
total shareholder return, earnings
per share and return on invested capital over three year
period, equally weighted (iii) continued
employment
2. Grant of restricted share award under Bonus Deferral
subject only to a time based vesting
condition
---- ---------------------------------------------- ----------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1 - N/A 1 - 585,436
2 - N/A 2 - 17,172
---- ---------------------------------------------- ---------------------------------------------- ----------------
d) Aggregated information
- Aggregated volume N/A
- Price
---- ---------------------------------------------- ----------------------------------------------------------------
e) Date of the transaction 7 March 2018
---- ---------------------------------------------- ----------------------------------------------------------------
f) Place of the transaction London Stock Exchange, Main Market (XLON)
---- ---------------------------------------------- ----------------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
---- ----------------------------------------------------------------------------------------------------------------
a) Name Frank Schulkes
---- ---------------------------------------------- ----------------------------------------------------------------
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 Ordinary shares of 10p each in ConvaTec Group Plc
financial instrument, GB00BD3VFW73
type of instrument
Identification code
---- ---------------------------------------------- ----------------------------------------------------------------
b) Nature of the transaction 1. Grant of conditional share award under the ConvaTec Group
Plc Long Term Incentive Plan
subject to Long Term Incentive Plan, subject to (i) time
vesting period of three years (ii)
performance conditions based on a combination of relative
total shareholder return, earnings
per share and return on invested capital over three year
period, equally weighted (iii) continued
employment
2. Grant of restricted share award under Bonus Deferral
subject only to a time based vesting
condition
---- ---------------------------------------------- ----------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1 - N/A 1 - 365,291
2 - N/A 2 - 7,210
---- ---------------------------------------------- ---------------------------------------------- ----------------
d) Aggregated information
- Aggregated volume N/A
- Price
---- ---------------------------------------------- ----------------------------------------------------------------
e) Date of the transaction 7 March 2018
---- ---------------------------------------------- ----------------------------------------------------------------
f) Place of the transaction London Stock Exchange, Main Market (XLON)
---- ---------------------------------------------- ----------------------------------------------------------------
Enquiries
Media
Bobby Leach, VP Group Corporate Affairs, ConvaTec +44 (0)7770 842 226
Alastair Elwen, Finsbury +44 (0)207 251 3801
Analysts and Investors
John Crosse, VP Investor Relations, ConvaTec +44 (0)7500 141 435
Kirsty Law, Director Investor Relations, ConvaTec +44 (0)7470 909 582
investorrelations@convatec.com
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 devices. ConvaTec's
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 where a
copy of this announcement can also be found.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHLLFVEVVITIIT
(END) Dow Jones Newswires
March 08, 2018 10:35 ET (15:35 GMT)
Convatec (LSE:CTEC)
Historical Stock Chart
From Apr 2024 to May 2024
Convatec (LSE:CTEC)
Historical Stock Chart
From May 2023 to May 2024
