Medeva PLC
25 January 2000
LETTER TO: COMPANY ANNOUNCEMENTS OFFICE
MEDEVA PLC ('THE COMPANY')
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NOTIFICATION OF INTEREST OF DIRECTORS
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The Company received notification today that Medeva directors have today sold
Celltech Shares at a price of GBP 7.50 per Celltech Share as shown below,
conditional upon the merger between Celltech Chiroscience plc (which has been
renamed Celltech Group plc ('Celltech')) and Medeva PLC ('Medeva') becoming
effective and the listing of Celltech 50p Ordinary Shares ('Celltech Shares'):
Director Dr W Bogie G Watts MG Hardy
No. of Celltech 441,014 178,466 223,104
Shares sold (and in addition 28,900
sold by wife)
No. of Celltech 34,445 4,099 2,949
Shares which will be
held following the
sale and exercise
of the share options
described below*
No. of options over 170,646 108,015 53,754
Celltech Shares
which will be held
following the sale and
the exercise of the
share options
described below*
Director Dr MD Young J Ferguson
No. of Celltech 140,046 80,954
Shares sold (and in addition 52,054
sold by wife)
No. of Celltech 6,800 344
Shares which will be
held following the
sale and exercise
of the share options
described below*
No. of options over 91,732 41,797
Celltech Shares
which will be held
following the sale and
the exercise of the
share options
described below*
The Celltech Shares being sold arise from the exercise of options or will
arise from the exercise of options following completion of the merger under
Medeva's share option scheme as follows:
Director Dr W Bogie G Watts MG Hardy
No. of Medeva 678,600 - 314,591
Options exercised on
the date of this
announcement
No. of Medeva 703,500 524,900 341,600
Options anticipated to
be exercised on the
day following the day
on which the merger
becomes effective
Exercise price range nil-145pnil-212.5p nil-201p
per Medeva Option
Director Dr MD Young J Ferguson
No. of Medeva 153,100 -
Options exercised on
the date of this
announcement
No. of Medeva 411,900 238,100
Options anticipated to
be exercised on the
day following the day
on which the merger
becomes effective
Exercise price range nil-178p 96.5p-147.5p
per Medeva Option
* Calculated using the exchange ratio of 0.34 Celltech Shares or Options for
each Medeva Share or Option respectively.
FROM: MEDEVA PLC