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Convatec Group PLC: Director/PDMR Shareholdin...
Convatec Group PLC: Director/PDMR Shareholdin....
About this update from Convatec Group Plc
[{"type":"text","content":"\n \n \n \n\n\nConvatec Group PLC (CTEC)\n\n\n\n\n\n\nConvatec Group PLC: Director/PDMR Shareholding* 06-Jun-2023 / 15:25 GMT/BST\n\n\n6 June 2023\n\nConvatec Group Plc(“Convatec” or “the Company”)\n\nDirector/ PDMR Shareholding \n\nThe Company has been notified of the following transaction in relation to a Person Discharging Managerial Responsibility (“PDMR”) in respect of ordinary shares of 10 pence each in the Company (“Shares”).\n\nOn 5 June 2023 an award was granted to Karim Bitar, the Company’s Chief Executive Officer under the Company’s Long-Term Incentive Plan (“LTIP”) in the form of Performance Share Units (“PSUs”). This award is due to vest on the third anniversary of grant, conditional upon the following performance measures: organic revenue growth, adjusted profit before tax growth and total shareholder return. A two-year post vesting holding period will apply to this award.\n\nThe award is subject and conditional upon the Company’s shareholders approving an increase in the Company’s LTIP grant limits at the Company’s 2024 Annual General Meeting. \n\nNOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM\n\n\n 1\n \n \n Details of the person discharging managerial responsibilities/person closely associated\n \n \n a)\n \n \n Name\n \n \n Karim Bitar\n \n \n 2\n \n \n Reason for the notification\n \n \n a)\n \n \n Position/Status\n \n \n Chief Executive Officer and PDMR\n \n \n b)\n \n \n Initial notification/Amendment\n \n \n Initial notification\n \n \n 3\n \n \n Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n \n \n a)\n \n \n Name\n \n \n Convatec Group Plc\n \n \n b)\n \n \n LEI\n \n \n 213800LS272L4FIDOH92\n \n \n 4\n \n \n 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\n \n \n a) \n \n \n Description of the financial instrument, type of instrument \n\n Identification code\n \n \n Ordinary share of 10p each in Convatec Group Plc \n\n \n\n GB00BD3VFW73\n \n \n b) \n \n \n Nature of the transaction\n \n \n Grant of PSUs under the LTIP subject to (i) performance conditions based on a comb...