8th Jul 2016 11:50
Change in Directors' interests in the shares of BTG plc ("BTG" or the "Company")
This notification is made in accordance with the Company's obligations under the Market Abuse Regulation.
The following transactions have taken place in relation to the executive directors.
Louise Makin
On 6 July, 374,577 ordinary shares of 10 pence each in the Company ("Ordinary Shares") were released to Louise Makin under the Company's 2006 Performance Share Plan. 256,404 Ordinary Shares were sold at an average price of 694.8797p per share, raising £1,778,135.42 after dealing costs, with the proceeds being used in part to settle Louise's income tax and national insurance liabilities arising from this share release.
Following this transaction her total holding has increased by 118,173 Ordinary Shares from 544,377 to 662,550 Ordinary Shares, being 0.173% of the issued share capital.
Rolf Soderstrom
On 6 July, 259,782 Ordinary Shares were released to Rolf Soderstrom under the Company's 2006 Performance Share Plan. 222,343 Ordinary Shares were sold at an average price of 694.8797p per share, raising £1,541,925.87 after dealing costs, with the proceeds being used in part to settle Rolf's income tax and national insurance liabilities arising from this share release.
Following this transaction his total holding has increased by 37,439 Ordinary Shares from 184,252 to 221,691 Ordinary Shares, being 0.058% of the issued share capital.
The first vesting date for the above Ordinary Shares, which were granted on 6 July 2011, was 6 July 2014. Both Louise Makin and Rolf Soderstrom elected to roll their shares over for a further two years as allowed under the Plan Rules.
In each case the individuals requested consent to deal which was granted by the Chairman in compliance with the Company's share dealing code. The sales took place on 7 July, 2016 on the main market of London Stock Exchange plc. The ISIN of the Ordinary Shares is GB0001001592.
Enquiries:
Andy Burrows, Vice President, Corporate and Investor Relations
+44 (0)20 7575 1741; Mobile: +44 (0)7990 530605
Related Shares:
BTG