1st Jun 2017 17:51
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')
The first vesting date for the Core award ordinary shares of 10p each in the Company ("Ordinary Shares"), which were granted on 1 June 2012, was 1 June 2015. At that time both Louise Makin and Rolf Soderstrom elected to roll over 100% of their shares for a further two years as allowed under the Plan Rules in order to receive an equivalent Multiplier share award. The application of the performance criteria under the Plan has resulted in a reduction in the number of Core award Ordinary Shares vesting on 1 June 2017 (87%) and no Multiplier award Ordinary Shares have vested.
Louise Makin
On 1 June 2017, 107,755 Ordinary Shares were released to Louise Makin under the 2006 Plan. 75,772 Ordinary Shares were sold in part to cover Louise's income tax and national insurance liabilities arising from this share release.
Following this transaction her total holding has increased by 31,983 Ordinary Shares from 704,127 to 736,110 Ordinary Shares, being 0.19% of the issued share capital.
Rolf Soderstrom
On 1 June 2017, 79,897 Ordinary Shares were released to Rolf Soderstrom under the 2006 Plan. 39,897 Ordinary Shares were sold in part to cover Rolf's income tax and national insurance liabilities arising from this share release.
Following this transaction his total holding has increased by 40,000 Ordinary Shares from 287,336 to 327,336 Ordinary Shares, being 0.08% of the issued share capital.
Executive Share Option Plan
In addition Rolf Soderstrom exercised options over 422,494 ordinary shares under the Executive Share Option Plan as detailed in the table below. All the shares released were sold with part of the proceeds being used to cover the exercise price of the options as well as his income tax and national insurance liabilities arising from the option exercises.
Date of Grant | Option Price | Date of Exercise | No. of Shares under Option | No of Shares sold at 655.5p per share |
31/07/2009 | 179.25p | 01/06/2017 | 102,649 | 102,649 |
13/07/2010 | 201.30p | 01/06/2017 | 129,514 | 129,514 |
06/07/2011 | 298.90p | 01/06/2017 | 99,658 | 99,658 |
01/06/2012 | 386.00p | 01/06/2017 | 90,673 | 90,673 |
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 | 107,755 | £0 |
| ||||
|
|
|
| |||||
Aggregated information | ||||||||
- Aggregated Volume | 107,755 | |||||||
- Price | £0 | |||||||
Date of the transaction
| 1 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 |
| ||||
| £6.555 | 75,772 | £496,685.46 |
| ||||
|
|
|
| |||||
Aggregated information | ||||||||
- Aggregated volume | 75,772 | |||||||
- Price | £6.555 | |||||||
Date of the transaction
| 1 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 | 79,897 | £0 |
| ||||
|
|
|
| |||||
Aggregated information | ||||||||
-Aggregated volume |
79,897 | |||||||
- Price | £0 | |||||||
Date of the transaction
| 1 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 |
| ||||
| £6.555 | 39,897 | £261,524.84 |
| ||||
|
|
|
| |||||
Aggregated information | ||||||||
- Aggregated volume | 39,897 | |||||||
- Price | £6.555 | |||||||
Date of the transaction
| 1 June 2017 | |||||||
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
| Exercise of share options under the Company's Executive Share Option Plan | |||||||
Price(s) and volume(s) |
|
|
|
| ||||
| Price(s) | Volume(s) | Total |
| ||||
| £1.7925 | 102,649 | £183,998.33 |
| ||||
|
|
|
| |||||
Aggregated information | ||||||||
- Aggregated volume | 102,649 | |||||||
- Price | £1.7925 | |||||||
| Date of the transaction
| 1 June 2017 | ||||||
| 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
| Exercise of share options under the Company's Executive Share Option Plan | |||||||
Price(s) and volume(s) |
|
|
|
| ||||
| Price(s) | Volume(s) | Total |
| ||||
| £2.013 | 129,514 | £260,711.68 |
| ||||
|
|
|
| |||||
Aggregated information | ||||||||
- Aggregated volume | 129,514 | |||||||
- Price | £2.013 | |||||||
| Date of the transaction
| 1 June 2017 | ||||||
| Place of the transaction
| Outside a trading venue | ||||||
5.
| Description of the financial instrument, type of instrument | Ordinary Shares of 10p | ||||||
Identification code | GB0001001592 | |||||||
| ||||||||
Nature of the transaction
| Exercise of share options under the Company's Executive Share Option Plan | |||||||
Price(s) and volume(s) |
|
|
|
| ||||
| Price(s) | Volume(s) | Total |
| ||||
| £2.989 | 99,658 | £297,877.76 |
| ||||
|
|
|
| |||||
Aggregated information | ||||||||
- Aggregated volume | 99,658 | |||||||
- Price | £2.989 | |||||||
| Date of the transaction
| 1 June 2017 | ||||||
| Place of the transaction
| Outside a trading venue | ||||||
6.
| Description of the financial instrument, type of instrument | Ordinary Shares of 10p | ||||||
Identification code | GB0001001592 | |||||||
| ||||||||
Nature of the transaction
| Exercise of share options under the Company's Executive Share Option Plan | |||||||
Price(s) and volume(s) |
|
|
|
| ||||
| Price(s) | Volume(s) | Total |
| ||||
| £3.86 | 90,673 | £349,997.78 |
| ||||
|
|
|
| |||||
Aggregated information | ||||||||
- Aggregated volume | 90,673 | |||||||
- Price | £3.86 | |||||||
| Date of the transaction
| 1 June 2017 | ||||||
| Place of the transaction
| Outside a trading venue | ||||||
7.
| Description of the financial instrument, type of instrument | Ordinary Shares of 10p | ||||||
Identification code | GB0001001592 | |||||||
| ||||||||
Nature of the transaction
| Sale of shares following exercise of option under the Company's Executive Share Option Plan | |||||||
Price(s) and volume(s) |
|
|
|
| ||||
| Price(s) | Volume(s) | Total |
| ||||
| £6.555 | 422,494 | £2,769,448.17 |
| ||||
|
|
|
| |||||
Aggregated information | ||||||||
- Aggregated volume | 422,494 | |||||||
- Price | £6.555 | |||||||
| Date of the transaction
| 1 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