REG - ConvaTec Group PLC - Director/PDMR Shareholding

ConvaTecAnnouncement

17/03/2022 14:45

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RNS Number : 1733F  ConvaTec Group PLC  17 March 2022

Reading, United Kingdom - Thursday 17 March 2022

 

ConvaTec Group Plc

("ConvaTec" or "the Company")

Director/PDMR Shareholding

The Company has been notified of the following transactions by Persons
Discharging Managerial Responsibility ("PDMR") in ordinary shares of 10 pence
each in the share capital of the Company ("Shares").

On 14 March 2022, Karim Bitar, the Company's Chief Executive Officer, and
Jonny Mason, 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 Adjusted Profit Before Tax growth and
Total Shareholder Return, and continued employment, as follows:

Karim Bitar:                           1,238,337

Jonny Mason:                       690,112

Further, on the same day, Karim Bitar was granted 263,650 Shares in accordance
with the Company's remuneration policy approved by shareholders, as a result
of one third of Mr Bitar's annual bonus being paid out as deferred shares,
such shares to vest on the third anniversary of grant. The three-day average
share price, closing on 11 March 2022 of 181.13 pence was used in determining
the number of shares to be granted under the deferred bonus provisions.

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                                                         Karim Bitar
 2   Reason for the notification
 a)  Position/Status                                              Chief Executive Officer
 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  Ordinary shares of 10p each in ConvaTec Group Plc ("Shares")

     Identification code                                          GB00BD3VFW73
 b)  Nature of the transaction                                    1.  Grant of conditional share award under the ConvaTec Group Plc Long Term
                                                                  Incentive Plan subject to (i) time vesting period of three years, (ii)
                                                                  performance conditions based on a combination of Adjusted Profit Before Tax
                                                                  growth and Total Shareholder Return and (ii) continued employment

                                                                  2. Grant of restricted share award under the deferred bonus provisions,
                                                                  subject only to a time-based vesting period of three years.

 c)  Price(s) and volume(s)                                       Price(s)                    Volume(s)

                                                                  1 - n/a                     1 - 1,238,337

                                                                  2 - n/a                     2 - 263,650
 d)  Aggregated information

     - Aggregated volume                                          n/a

     - Price                                                      n/a
 e)  Date of the transaction                                      2022-03-14
 f)  Place of the transaction                                     Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Jonny Mason
 2   Reason for the notification
 a)  Position/Status                                              Chief Financial Officer
 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  Ordinary shares of 10p each in ConvaTec Group Plc ("Shares")

     Identification code                                          GB00BD3VFW73
 b)  Nature of the transaction                                    Grant of conditional share award under the ConvaTec Group Plc Long Term
                                                                  Incentive Plan subject to (i) time vesting period of three years, (ii)
                                                                  performance conditions based on a combination of Adjusted Profit Before Tax
                                                                  growth and Total Shareholder Return and (ii) continued employment.

 c)  Price(s) and volume(s)                                       Price(s)                    Volume(s)

                                                                  n/a                         690,112
 d)  Aggregated information

     - Aggregated volume                                          n/a

     - Price                                                      n/a
 e)  Date of the transaction                                      2022-03-14
 f)  Place of the transaction                                     Outside a trading venue

 

Enquiries

Analysts and Investors

Kate Postans, VP Investor Relations, ConvaTec
     +44 (0)782 644 7807

ir@convatec.com (mailto:ir@convatec.com)

 

Media

Buchanan: Charles Ryland / Chris
Lane
       +44 (0)207 466 5000
 
 
 

ConvaTec Group Plc's LEI code is 213800LS272L4FIDOH92

About ConvaTec

ConvaTec is a global medical products and technologies company focused on
solutions for the management of chronic conditions, with leading market
positions in advanced wound care, ostomy care, continence and critical care,
and infusion care. 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 (http://www.convatecgroup.com/)

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