DJ Convatec Group PLC: Director/PDMR Shareholding
Convatec Group PLC (CTEC) Convatec Group PLC: Director/PDMR Shareholding 03-May-2023 / 14:10 GMT/BST
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3 May 2023
Convatec Group Plc ("Convatec" or "the Company")
Director/ PDMR Shareholding
The Company has been notified of the following transactions in relation to a Person Discharging Managerial Responsibility ("PDMR") in respect of ordinary shares of 10 pence each in the Company ("Shares").
Shares awarded to Karim Bitar, the Company's Chief Executive Officer on 1 May 2020 under the Company's Long Term Incentive Plan ("LTIP"), vested on 2 May 2023 resulting in Karim receiving 911,191 Shares.
On the same date, 429,441 of these Shares were sold automatically on Karim's behalf to satisfy income tax and national insurance liabilities arising in connection with the vesting of this award.
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 Karim Bitar
2 Reason for the notification
a) Position/Status Chief Executive Officer and PDMR
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
Ordinary share of 10p each in Convatec Group
Description of the financial instrument, type of instrument Plc
a)
Identification code
GB00BD3VFW73
Vesting of an award under the Company's LTIP,
b) Nature of the transaction granted on 1 May 2020
Volume
Price(s) (s)
c) Price(s) and volume(s)
n/a
911,191
Aggregated information
d) - Aggregated volume N/A
- Price N/A
e) Date of the transaction 2023-05-02
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Karim Bitar
2 Reason for the notification
a) Position/Status Chief Executive Officer and PDMR
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
Description of the financial instrument, type of Ordinary share of 10p each in Convatec Group Plc
instrument
a)
Identification code
GB00BD3VFW73
Sale of shares arising from the vesting of the
b) Nature of the transaction share award under the LTIP, to meet income tax
and social security liabilities due on vesting
Price(s)
Volume(s)
c) Price(s) and volume(s) 2.164392
429,441
Aggregated information
d) - Aggregated volume n/a
- Price n/a
e) Date of the transaction 2023-05-02
f) Place of the transaction London Stock Exchange (XLON)
Enquiries
Louise Bryson, Assistant Company Secretary +44(0)7423 694919
Cosec@convatec.com
Convatec Group Plc's LEI code is 213800LS272L4FIDOH92
About Convatec
Pioneering trusted medical solutions to improve the lives we touch: Convatec is a global medical products and technologies company, focused on solutions for the management of chronic conditions, with leading positions in advanced wound care, ostomy care, continence and critical care, and infusion care. With around 10,000 colleagues, we provide our products and services in almost 100 countries, united by a promise to be forever caring. Our solutions provide a range of benefits, from infection prevention and protection of at-risk skin, to improved patient outcomes and reduced care costs. Group revenues in 2022 were over USD2 billion. The company is a constituent of the FTSE 100 Index (LSE:CTEC). To learn more about Convatec, please visit http://www.convatecgroup.com.
----------------------------------------------------------------------------------------------------------------------- Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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ISIN: GB00BD3VFW73 Category Code: DSH TIDM: CTEC LEI Code: 213800LS272L4FIDOH92 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 241188 EQS News ID: 1623609 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
May 03, 2023 09:10 ET (13:10 GMT)
