Director/PDMR Shareholding

RNS Number : 4000N

ConvaTec Group PLC

08 May 2018

 

8 May 2018

ConvaTec Group Plc
("ConvaTec" or "the Company")
Director/PDMR Shareholding

The Company has been notified of the following transaction by a Person Closely Associated ("PCA") with a Person Discharging Managerial Responsibility ("PDMR") in ordinary shares of 10 pence each in the share capital of the Company ("Shares").

On 3 May 2018 Novo Holdings A/S, a PCA of Kasim Kutay, Non-Executive Director and a PDMR, purchased Shares in the Company as follows;

6,000,000 Shares at an average of £2.240766  per share.

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	Novo Holdings A/S
2	Reason for the notification
a)	Position/Status	Kasim Kutay as Director of Issuer- PCA as CEO of Novo Holdings A/S
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 Identification code	Ordinary shares of 10p each in ConvaTec Group Plc ("Shares") GB00BD3VFW73
b)	Nature of the transaction	Purchase of Shares on 3 May 2018
c)	Price(s) and volume(s)	Price(s) (£) 2.227 2.2275 2.228 2.229 2.2295 2.23 2.231 2.232 2.2325 2.233 2.2335 2.234 2.2345 2.235 2.2355 2.236 2.2365 2.237 2.2375 2.238 2.2385 2.239 2.2395 2.24 2.2405 2.241 2.24133 2.2415 2.242 2.243 2.2435 2.244 2.2445 2.245	Volume(s) 45,267 3,523 16,568 68,670 280,016 210,046 9,239 5,978 6,315 6,915 2,159 75,299 8,954 465,533 2,063 101,106 45,061 250,001 214,211 48,035 41,001 109,311 28,534 294,351 26,542 109,367 218,105 11,663 81,209 63,001 11,632 106,591 16,338 3,017,396
d)	Aggregated information - Aggregated volume  - Price	6,000,000 £13,444,596.77
e)	Date of the transaction	3 May 2018
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

Enquiries

Media

Bobby Leach, VP Group Corporate Affairs, ConvaTec                        [phone]

Alastair Elwen, Finsbury                                                                       [phone]

Analysts and Investors

John Crosse, VP Investor Relations, ConvaTec                                    [phone]

Kirsty Law, Director Investor Relations, ConvaTec                               [phone]

[e-mail]

 ConvaTec Group Plc's LEI code is 213800LS272L4FIDOH92

About ConvaTec

ConvaTec is a global medical products and technologies company focused on therapies for the management of chronic conditions, with leading market positions in advanced wound care, ostomy care, continence and critical care, and infusion devices. ConvaTec's 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 where a copy of this announcement can also be found.

 

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