28th May 2019 15:17
Change in Directors' interest in the shares of BTG plc ("BTG" or the "Company")
Notification and public disclosure by persons discharging managerial responsibilities.
BTG Executive Share Option Plan (ESOP) 2009
On Tuesday 28 May 2019, 187,179 ordinary shares were released to Louise Makin following her exercise of an ESOP award which vested on 31 July 2012. If not exercised, the options would have expired on 30 July 2019. 109,441 shares were sold at an average price of 834p per share, with the proceeds being used to settle the option exercise price and her income tax and national insurance liabilities arising from the release.
Following this transaction her total holding has increased by 77,738 ordinary shares from 889,011 to 966,749 shares, being 0.25% of the issued share capital.
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Louise Makin
| |
2 | Reason for the notification | ||
b) | Position / status | Chief Executive Officer | |
c) | Initial notification / amendment | Initial notification | |
3 | Details of the Issuer | ||
a) | Name | BTG plc | |
b) | Legal Entity Identifier | 213800DCVRNVRVINH968
| |
4 | Details of the transaction(s): Parts a-d of this section are 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) | BTG plc Ordinary Shares of 10 pence each ISIN: GB0001001592 | |
b) | Nature of the transaction | 1. Release of shares under Executive Share Option Plan
2. Sale of Shares
| |
c) | Price(s) and volume(s) | Price(s) 1. £nil
2. £8.34 per share
| Volume(s)
1. 187,179
2. 109,441
|
d) | Aggregated information Aggregated volume
Price | 1. 187,179 Ordinary Shares
£nil
2. 109,441
£912,737.94 | |
e) | Date of the transaction | 1. 28 May 2019
2. 28 May 2019
| |
f) | Place of the transaction | 1. Outside a trading venue
2. London Stock Exchange (XLON) | |
Enquiries:
Andy Burrows, Vice President, Corporate and Investor Relations
+44 (0)20 7575 1741; Mobile: +44 (0)7990 530605
Related Shares:
BTG