Director/PDMR Shareholding

RNS Number : 3946C

PureTech Health PLC

13 April 2017

 

PDMR DEALING NOTIFICATION

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Bharatt Chowrira
2	Reason for the notification
a)	Position/status	President and Chief of Business and Strategy
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	N/A
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	An option over ordinary shares of one pence each in the capital of PureTech Health plc ("Ordinary Shares") Option over Ordinary Shares with ISIN GB00BY2Z0H74
b)	Nature of the transaction	Pursuant to the terms of his Employment Agreement dated 1 March 2017, on 12 April 2017 PureTech Health plc granted two share options to Bharatt Chowrira. The first option in respect of 900,000 Ordinary Shares will vest in the following manner: 25% to vest on 1 March 2018, and remaining 75% shall vest in equal monthly instalments over the three years following 1 March 2018; provided that the option holder continues to be employed by PureTech Health plc on each such vesting date. The second option in respect of 300,000 Ordinary Shares will vest upon the achievement of a major business development inflection milestone (as defined in advance by the option holder and the CEO of PureTech Health plc); provided that the option holder continues to be employed by PureTech Health plc on each such vesting date. The options each have an exercise price of 114.25 pence per share.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 900,000 Nil 300,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	12 April 2017
f)	Place of the transaction	Outside a trading venue

 

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