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Director/PDMR Shareholding

14th Sep 2010 17:16

RNS Number : 6859S
GW Pharmaceuticals PLC
14 September 2010
 



GW Pharmaceuticals PLC

("GW Pharmaceuticals" or the "Company")

 

 

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

Porton Down, UK, 14 September 2010: GW Pharmaceuticals (AIM: GWP) hereby provides notification that the company has today been notified of the following series of share transactions entered into by Dr Geoffrey Guy, a Director and Executive Chairman, and Justin Gover, Managing Director, of the Company.

 

Mr Gover today exercised options over 471,250 ordinary shares of 0.1 pence each. These options were 10 year options which would have expired if not exercised before 2nd October 2010. Mr Gover subsequently sold 105,000 ordinary shares at a price of 100 pence per share, sufficient to cover just the cost arising from exercising the aforementioned options. Following these transactions, Mr Gover's beneficial ownership of GW Pharmaceuticals plc ordinary shares has increased to 3,983,668 shares, representing 3.0% of the Company's current issued share capital.

 

Dr Guy today exercised options over 139,333 ordinary shares of 0.1 pence each. These options were 10 year options which would have expired if not exercised before 15 January 2011. Dr Guy subsequently sold 100,000 ordinary shares at a price of 100 pence per share, sufficient to cover the cost and tax liabilities arising from exercising the aforementioned options. Following these transactions, Dr Guy's beneficial ownership of GW Pharmaceuticals plc ordinary shares has increased to 18,364,448 shares, representing 14.0% of the Company's current issued share capital.

 

The total number of shares outstanding in the Company is 131,197,792 ordinary shares of 0.1 pence each.

 

- Ends -

 

 

Enquiries:

 

GW Pharmaceuticals PLC

Adam George, Company Secretary

 

Tel: +44 (0)1980 557 000

Piper Jaffray Ltd. (Nominated Advisor)

Neil Mackison/Rupert Winckler

 

Tel: +44 (0)203 142 8700

Financial Dynamics

Ben Atwell / John Dineen

 

Tel: +44 (0)207 831 3113

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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