11 Jun 2018 16:11
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