Director/PDMR Shareholding

RNS Number : 3174F

PureTech Health PLC

13 November 2020

 

PureTech Health plc (the "Company")

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility or their Connected Persons

In connection with the listing of the Company's American Depository Shares ("ADS's") on the Nasdaq Global Market and in order to satisfy Nasdaq listing rules, on 11 November 2020, (i) the Zohar Family Trust I, of which Ms. Daphne Zohar (the Chief Executive Officer and a Director of the Company) is a trustee and beneficiary, converted 2,050,000 Ordinary Shares in the Company to ADS's in line with the ratio of 10 ordinary shares to per one ADS and (ii) the Zohar Family Trust II, of which Ms. Daphne Zohar (the Chief Executive Officer and a Director of the Company) is a trustee and beneficiary, converted 2,050,000 Ordinary Shares in the Company to ADS's in line with the ratio of 10 ordinary shares to one ADS. 

The foregoing is a notifiable transaction but does not involve any disposal of such interest.  Following this transaction, Ms. Zohar continues to have a direct and indirect interest in 12,197,307 Ordinary Shares, representing approximately 4.3% of the issued share capital of the Company.  No Ordinary Shares or ADS's are being sold or disposed of by Ms. Zohar or her related entities in connection with the Nasdaq listing.

This notification is made under Article 19 of the Market Abuse Regulation.

PDMR DEALING NOTIFICATION

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	The Zohar Family Trust I and The Zohar Family Trust II
2	Reason for the notification
a)	Position/status	Ms. Daphne Zohar, the Chief Executive Officer and a Director, is a Trustee of the above listed Trusts
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 Identification code	Ordinary shares of PureTech Health plc ISIN GB00BY2Z0H74
b)	Nature of the transaction	Conversion by the Zohar Family Trust I of 2,050,000 Ordinary Shares into 205,000 American Depository Shares for nil consideration and conversion by the Zohar Family Trust II of 2,050,000 Ordinary Shares into 205,000 American Depository Shares for nil consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) Zohar Family Trust I Nil 2,050,000 Ordinary Shares converting into 205,000 ADS's Zohar Family Trust II Nil 2,050,000 Ordinary Shares converting into 205,000 ADS's
d)	Aggregated information - Aggregated volume - Price	Price Aggregate Volume n/a n/a
e)	Date of the transaction	11 November 2020
f)	Place of the transaction	Outside of a trading venue

 

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