Director/PDMR Shareholding

RNS Number : 2619M

BT Group PLC

13 September 2019

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR PERSONS CLOSELY ASSOCIATED WITH THEM

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

As announced on 14 August 2019, BT Group plc (BT) intends to delist its American Depositary Shares (ADS) from the New York Stock Exchange (NYSE) following the close of the market in New York today from which time BT's ADSs will no longer be traded on the NYSE, and terminate its American Deposiary Receipt (ADR) programme from 23 September 2019.

This notification relates to Bas Burger who holds 27,465 BT ADRs and the conversion of such ADRs to BT ordinary shares in line with the ratio of five ordinary shares per one ADR. Due to the closure of the ADR programme, Bas Burger is required to undertake the exchange of his interests in BT (which is a notifiable transaction, but does not involve any disposal of such interests).   

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	BAS BURGER
2	Reason for the notification
a)	Position/status	CEO GLOBAL
b)	Initial notification /Amendment	INITIAL
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BT GROUP PLC
b)	LEI	213800 LRO7NS5CYQMN21
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	AMERICAN DEPOSITARY SHARES ISIN:  US05577E1010
b)	Nature of the transaction	Conversion of 27,465 BT Group plc American Depositary Shares to 137,325 BT Group plc ordinary shares for nil consideration where one ADS represents five BT Group plc ordinary shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) £Nil consideration 27,465 converting into 137,325 ordinary shares
d)	Aggregated information - Aggregated volume - Price	N/A SINGLE TRANSACTION
e)	Date of the transaction	12 SEPTEMBER 2019
f)	Place of the transaction	NEW YORK AND LONDON

Name of contact and telephone number for queries

Anna Watch - 020 7356 5158

 

END

 

 

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