REG - Convatec Group PLC - Director/PDMR Shareholding

ConvaTecAnnouncement

02/06/2025 15:45

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RNS Number : 0769L  Convatec Group PLC  02 June 2025

2 June 2025

Convatec Group Plc

("Convatec" or "the Company")

 

Director/ PDMR Shareholding

 

Following approval of the Company's Remuneration Policy by shareholders at the
Company's Annual General Meeting on 22 May 2025, 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").

 

Grant of Performance Share Awards ("PSAs") under the Convatec Group Omnibus
Incentive Plan 2025 ("LTIP")

 

On 2 June 2025, the following conditional awards were granted to Karim Bitar,
Chief Executive Officer, in the form of Performance Share Awards ("PSAs")
under the LTIP:

 

 Name         Number of Shares awarded as PSAs
 Karim Bitar  461,737

 

The PSAs are due to vest on 11 March 2028 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 are subject to a two-year post vesting
holding period.

 

The three-day average share price, closing on 10 March 2025, of £2.6573 was
used in determining the award, to align awards with the core LTIP awards made
on 11 March 2025, as detailed within RNS reference 3962A released by the
Company on 11 March.

 

Grant of Restricted Stock Unit Awards ("RSUs") under the LTIP

 

Also on 2 June 2025, the following conditional awards were granted to Karim
Bitar, Chief Executive Officer, and Jonny Mason, Chief Financial Officer in
the form of RSUs under the LTIP:

 

 Name         Number of Shares awarded as RSUs
 Karim Bitar  369,389
 Jonny Mason  150,434

 

These RSU are due to vest on 11 March 2028 at nil cost, conditional on
continued employment and subject to a two-year post vesting holding
period.

 

The three-day average share price, closing on 10 March 2025, of £2.6573 was
used in determining the awards, to align awards with the core LTIP awards made
on 11 March 2025, as detailed within RNS reference 3962A released by the
Company on 11 March 2025.

 

 

 

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

 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 Convatec Group Omnibus Incentive Plan 2025 (LTIP)

 c)   Price(s) and volume(s)

Price(s)  Volume(s)
                                                                   £0        461,737

 d)   Aggregated information

      - Aggregated volume                                          N/A - single transaction

      - Price

 e)   Date of the transaction                                      2 June 2025

 f)   Place of the transaction                                     Outside a trading venue

 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 Convatec Group Omnibus Incentive Plan 2025 (LTIP)

 c)   Price(s) and volume(s)

Price(s)  Volume(s)
                                                                   £0        369,389

 d)   Aggregated information

      - Aggregated volume                                          N/A - single transaction

      - Price

 e)   Date of the transaction                                      2 June 2025

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

- Aggregated volume

N/A - single transaction

- Price

e)

 

Date of the transaction

 

2 June 2025

f)

 

Place of the transaction

 

Outside a trading venue

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 Convatec Group Omnibus Incentive Plan 2025 (LTIP)

c)

Price(s) and volume(s)

 

 

 

 

 Price(s)  Volume(s)
 £0        369,389

d)

 

Aggregated information

- Aggregated volume

N/A - single transaction

- Price

e)

 

Date of the transaction

 

2 June 2025

f)

 

Place of the transaction

 

Outside a trading venue

 

 

 

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                                                         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 Convatec Group Omnibus Incentive Plan 2025 (LTIP)

 c)   Price(s) and volume(s)

Price(s)  Volume(s)
                                                                   £0        150,434

 d)   Aggregated information

      - Aggregated volume                                          N/A - single transaction

      - Price

 e)   Date of the transaction                                      2 June 2025

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

- Aggregated volume

N/A - single transaction

- Price

e)

 

Date of the transaction

 

2 June 2025

f)

 

Place of the transaction

 

Outside a trading venue

 

 

Enquiries

 

James Kerton Company Secretary

Tel: +44 (0)7827 036059

Email: cosec@convatec.com (mailto: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
(http://www.convatecgroup.com/)

 

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