REG - Convatec Group PLC - Director/PDMR Shareholding

ConvaTecAnnouncement

12/03/2025 12:00

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RNS Number : 3962A  Convatec Group PLC  12 March 2025

12 March 2025

Convatec Group Plc

("Convatec" or "the Company")

Director/ PDMR Shareholding

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

1.    Grant of Awards under the Company's Long Term Incentive Plan ("LTIP")

 

On 11 March 2025, conditional awards were granted to Karim Bitar, Chief
Executive Officer and Jonny Mason, Chief Financial Officer under the LTIP in
the form of Performance Share Awards ("PSA"). These PSA are due to vest on the
third anniversary of grant at nil cost, conditional on the following
performance conditions: organic revenue growth, three-year compound annualised
growth in adjusted Earnings per Share, and three-year Relative Total
Shareholder Return rank vs constituents of S&P Global Healthcare Equipment
& Services index; and subject to a two-year post vesting holding period.

Karim Bitar:         1,108,169

Jonny Mason:    501,448

2.    Grant of Awards under the Company's Deferred Bonus Plan ("DBP")

On the same date, conditional awards were also granted to Karim Bitar and
Jonny Mason, under the DBP in the form of Restricted Stock Units ("RSU"),
which are due to vest on the third anniversary of grant at nil cost and are
not subject to performance conditions:

Karim Bitar:         242,935

Jonny Mason:    131,914

The preceding three-day average share price, closing on 10 March 2025, of
£2.6573 was used in determining each of the awards made under the LTIP and
DBP.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1.    Grant of Awards under the Company's Long Term Incentive Plan ("LTIP")

 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
 a)  Description of the financial instrument, type of instrument  Ordinary share of 10p each in Convatec Group Plc

     Identification code                                          GB00BD3VFW73
 b)  Nature of the transaction                                    Grant of PSA under the LTIP subject to performance conditions.

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

        £0                                                                                             1,108,169
 d)  Aggregated information

     - Aggregated volume                                          N/A - single transaction

     - Price
 e)  Date of the transaction                                      2025-03-11
 f)  Place of the transaction                                     Outside a trading venue

2. Grant of Awards under the Company's Long Term Incentive Plan ("LTIP")

 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 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
 a)  Description of the financial instrument, type of instrument  Ordinary share of 10p each in Convatec Group Plc

     Identification code                                          GB00BD3VFW73
 b)  Nature of the transaction                                       Grant of PSA under the LTIP subject to performance conditions.
 c)  Price(s) and volume(s)                                       Price(s)                              Volume(s)

        £0                                                                                              501,448
 d)  Aggregated information

     - Aggregated volume                                          N/A - single transaction

     - Price
 e)  Date of the transaction                                      2025-03-11
 f)  Place of the transaction                                     Outside a trading venue

3.    Grant of Awards under the Company's Deferred Bonus Plan ("DBP")

 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
 a)  Description of the financial instrument, type of instrument  Ordinary share of 10p each in Convatec Group Plc

     Identification code                                          GB00BD3VFW73
 b)  Nature of the transaction                                     Grant of RSU under the DBP, subject to a time-based vesting period of three
                                                                  years.
 c)  Price(s) and volume(s)                                       Price(s)                                 Volume(s)

        £0                                                                                                    242,935
 d)  Aggregated information

     - Aggregated volume                                          N/A - single transaction

     - Price
 e)  Date of the transaction                                      2025-03-11
 f)  Place of the transaction                                     Outside a trading venue

4.    Grant of Awards under the Company's Deferred Bonus Plan ("DBP")

 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 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
 a)  Description of the financial instrument, type of instrument  Ordinary share of 10p each in Convatec Group Plc

     Identification code                                          GB00BD3VFW73
 b)  Nature of the transaction                                     Grant of RSU under the DBP, subject to a time-based vesting period of three
                                                                  years.
 c)  Price(s) and volume(s)                                       Price(s)                                 Volume(s)

        £0                                                                                                    131,914
 d)  Aggregated information

     - Aggregated volume                                          N/A - single transaction

     - Price
 e)  Date of the transaction                                      2025-03-11
 f)  Place of the transaction                                     Outside a trading venue

 

 

Enquiries

James Kerton Company Secretary
 

Tel: +44 (7827) 036059
Email: cosec@convatec.com

Convatec Group Plc's LEI code is 213800LS272L4FIDOH92

Classification: 2.2 Information disclosed under article 19 of the Market Abuse
Regulation

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 Care, and Infusion Care. With more than
10,000 colleagues, we provide our products and services in around 90
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. Convatec's revenues in
2024 were over $2 billion. The company is a constituent of the FTSE 100 Index
(LSE:CTEC). To learn more please visit http://www.convatecgroup.com

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