PDMR Notification RSU Vesting

Puretech Health

04/07/2025 17:30

RNS Number : 7004P

PureTech Health PLC

04 July 2025

 

04 July 2025

PureTech Health plc

 

PDMR Notifications

 

PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) ("PureTech" or the "Company"), a clinical-stage biotherapeutics company dedicated to giving life to new classes of medicine to change the lives of patients with devastating diseases, announces that awards of restricted share units ("RSUs") granted by PureTech on 26 June 2024 to certain directors and other persons discharging managerial responsibilities ("PDMRs") pursuant to its Performance Share Plan ("PSP") 33% of the shares vested on 26 June 2025.

Each PDMR received vested ordinary shares (after deduction of shares for payroll taxes) on 07 July 2025. The market price per ordinary share in the Company used to calculate the amount payable to the PDMRs and the amount of shares to be issued to PDMRs was 125.80 pence, being the average closing price of the Company's shares over the three-trading day period immediately prior to issuance, and the exchange rate used to calculate the cash payment and amount of share settlement was £1: $1.37.

The Company's total issued ordinary share capital is 257,927,489 shares after the share issuance to the PDMRs, 16,611,162 shares of which are held in treasury by the Company.

PDMR Notification

 

The information contained in the below notification is disclosed in accordance with Article 19 of the EU Market Abuse Regulation.

1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Bharatt Chowrira
Eric Elenko
Michael Inbar
Charles Sherwood
2
Reason for the notification
a)
Position/status
Bharatt Chowrira - Chief Executive Officer
Eric Elenko - President
Michael Inbar - Chief Accounting Officer
Charles Sherwood - General Counsel and Corporate Secretary
b)
Initial notification/Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
PureTech Health plc
b)
LEI
213800LVPDNO2Z9T9I39
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 PureTech Health plc
ISIN GB00BY2Z0H74
b)
Nature of the transaction
Issuance of ordinary shares in net settlement of certain vested RSUs under the PureTech Health Performance Share Plan, after retentions in respect of payroll taxes.
c)
Price(s) and volume(s)
Recipient
Price
Amount
Bharatt Chowrira
0.01 GBP
167,739 ordinary shares
Eric Elenko
0.01 GBP
56,735 ordinary shares
Michael Inbar
0.01 GBP
30,245 ordinary shares
Charles Sherwood
0.01 GBP
37,001 ordinary shares
d)
Aggregated information
-
Aggregated volume
-
Price
Price
Aggregate Volume
0.01 GBP
291,720 ordinary shares
e)
Date of the transaction
03 July2025
f)
Place of the transaction
London Stock Exchange (XLON)

 

About PureTech Health

PureTech is a clinical-stage biotherapeutics company dedicated to giving life to new classes of medicine to change the lives of patients with devastating diseases. The Company has created a broad and deep pipeline through its experienced research and development team and its extensive network of scientists, clinicians and industry leaders that is being advanced both internally and through its Founded Entities. PureTech's R&D engine has resulted in the development of 29 therapeutics and therapeutic candidates, including three that have been approved by the U.S. Food and Drug Administration. A number of these programs are being advanced by PureTech or its Founded Entities in various indications and stages of clinical development, including registration enabling studies. All of the underlying programs and platforms that resulted in this pipeline of therapeutic candidates were initially identified or discovered and then advanced by the PureTech team through key validation points.

For more information, visit www.puretechhealth.com or connect with us on X (formerly Twitter) @puretechh.

Contact:

PureTech

Investor Relations

IR@puretechhealth.com

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