12th Jun 2017 15:02
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 9 June 2014, Louise Makin and Rolf Soderstrom were granted awards under the 2006 Plan over 141,370 and 92,661 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) 46% of these awards vested on 9 June 2017.
Louise Makin
In the case of Louise, 65,030 Ordinary Shares were released with 30,641 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 34,389 Ordinary Shares from 736,110 to 770,499 Ordinary Shares, being 0.20% of the issued share capital of the Company.
Rolf Soderstrom
In the case of Rolf, 42,624 Ordinary Shares were released with 22,624 Ordinary Shares being sold, mostly to cover the income tax and national insurance liabilities arising from this share release.
Following this transaction his total holding has increased by 20,000 Ordinary Shares from 327,336 to 347,336 Ordinary Shares, being 0.09% 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
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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 | 65,030 | £0 |
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|
|
|
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Aggregated information | ||||||||
- Aggregated Volume | 65,030 | |||||||
- Price | £0 | |||||||
Date of the transaction
| 9 June 2017 | |||||||
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 |
| ||||
| £6.49 | 30,641 | £198,860.09 |
| ||||
|
|
|
| |||||
Aggregated information | ||||||||
- Aggregated volume | 30,641 | |||||||
- Price | £6.49 | |||||||
Date of the transaction
| 9 June 2017 | |||||||
Place of the transaction
| London Stock Exchange (XLON) | |||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
|
Rolf Soderstrom | ||||||
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 | 42,624 | £0 |
| ||||
|
|
|
| |||||
Aggregated information | ||||||||
-Aggregated volume |
42,624 | |||||||
- Price | £0 | |||||||
Date of the transaction
| 9 June 2017 | |||||||
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 |
| ||||
| £6.49 | 22,624 | £146,829.76 |
| ||||
|
|
|
| |||||
Aggregated information | ||||||||
- Aggregated volume | 22,624 | |||||||
- Price | £6.49 | |||||||
Date of the transaction
| 9 June 2017 | |||||||
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
Related Shares:
BTG