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Director/PDMR Shareholding

11th Jun 2018 16:11

RNS Number : 0233R

BTG PLC

11 June 2018

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.

2006 Performance Share Plan (the "2006 Plan")

On 8 June 2015, Louise Makin and Duncan Kennedy were granted awards under the 2006 Plan over 125,731 and 30,089 ordinary shares of 10 pence each in the Company ("Ordinary Shares") respectively.

Based on the Company's performance against the applicable 3 year performance targets (comprising TSR and EPS measures) 50% of these awards vested on 8 June 2018.

2006 Deferred Share Bonus Plan (the "DSBP")

On 8 June 2015, Duncan Kennedy was granted an award under the DSBP over 5,644 ordinary shares of 10 pence each in the Company ("Ordinary Shares") as part of his annual bonus for the year ended 31 March 2015. The shares were due for release to him as long as he remained in employment with the Company. They were released to him on 8 June 2018.

Louise Makin

In the case of Louise, 62,865 Ordinary Shares were released with 29,621 Ordinary Shares being sold to cover the income tax and national insurance liabilities arising from this share release.

Following this transaction her total shareholding has increased by 33,244 Ordinary Shares from 772,664 to 805,908 Ordinary Shares, being 0.21% of the issued share capital of the Company.

Duncan Kennedy

In the case of Duncan, 15,044 Ordinary Shares were released under the PSP with 7,090 Ordinary Shares being sold to cover the income tax and national insurance liabilities arising from this share release.

In addition, 5,644 Ordinary Shares were released under the DSBP with 2,652 Ordinary Shares being sold to cover the income tax and national insurance liabilities arising from this share release.

Following these transactions his total holding has increased by 10,946 Ordinary Shares from 18,288 to 29,234 Ordinary Shares, being less than 0.01% of the issued share capital of the Company.

Notification and public disclosure of transactions by persons discharging managerial responsibilities.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Louise Makin
2	Reason for the notification
a)	Position/status	CEO, Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BTG plc
b)	LEI	213800DCVRNVRVINH968
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
1	Description of the financial instrument, type of instrument	Ordinary Shares of 10p

	Identification code	GB0001001592

	Nature of the transaction	Vesting and receipt of shares under the Company's Performance Share Plan
	Price(s) and volume(s)
			Price(s)		Volume(s)		Total
			£0		62,865		£0

	Aggregated information
	- Aggregated Volume	62,865
	- Price	£0


	Date of the transaction	8 June 2018
	Place of the transaction	Outside a trading venue
2.	Description of the financial instrument, type of instrument	Ordinary Shares of 10p

	Identification code	GB0001001592

	Nature of the transaction	Sale of shares following vesting of awards under the Company's Performance Share Plan
	Price(s) and volume(s)
			Price(s)	Volume(s)		Total
			£5.5589	29,621		£164,660.18

	Aggregated information

	- Aggregated volume	29,621

	- Price	£5.5589

	Date of the transaction	8 June 2018
	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Duncan Kennedy
2	Reason for the notification
a)	Position/status	CFO, Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BTG plc
b)	LEI	213800DCVRNVRVINH968
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
1.	Description of the financial instrument, type of instrument	Ordinary Shares of 10p

	Identification code	GB0001001592

	Nature of the transaction	Vesting and receipt of shares under the Company's Performance Share Plan
	Price(s) and volume(s)
			Price(s)		Volume(s)		Total
			£0		15,044		£0

	Aggregated information
	-Aggregated volume	15,044
	- Price	£0



	Date of the transaction	8 June 2018
	Place of the transaction	Outside a trading venue
2.	Description of the financial instrument, type of instrument	Ordinary Shares of 10p

	Identification code	GB0001001592

	Nature of the transaction	Sale of shares following vesting of awards under the Company's Performance Share Plan
	Price(s) and volume(s)
			Price(s)	Volume(s)		Total
			£5.5589	7,090		£39,412.60

	Aggregated information

	- Aggregated volume	7,090

	- Price	£5.5589

	Date of the transaction	8 June 2018
	Place of the transaction	London Stock Exchange (XLON)
3.	Description of the financial instrument, type of instrument	Ordinary Shares of 10p

Identification code	GB0001001592

	Nature of the transaction	Vesting and receipt of shares under the Company's Deferred Share Bonus Plan
	Price(s) and volume(s)
			Price(s)		Volume(s)		Total
			£0		5,644		£0

	Aggregated information
	-Aggregated volume	5,644
	- Price	£0



	Date of the transaction	8 June 2018
	Place of the transaction	Outside a trading venue
4.	Description of the financial instrument, type of instrument	Ordinary Shares of 10p

	Identification code	GB0001001592

	Nature of the transaction	Sale of shares following vesting of awards under the Company's Deferred Share Bonus Plan
	Price(s) and volume(s)
			Price(s)	Volume(s)		Total
			£5.5589	2,652		£14,742.20

	Aggregated information

	- Aggregated volume	2,652

	- Price	£5.5589

	Date of the transaction	8 June 2018
	Place of the transaction	London Stock Exchange (XLON)

Enquiries:

Andy Burrows, Vice President, Corporate and Investor Relations

+44 (0)20 7575 1741; Mobile: +44 (0)7990 530605

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

END

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