18 Jul 2018 09:45
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 17 July 2013, was 17 July 2016. At that time, Louise Makin elected to roll over 50% of her 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 100% vesting of the Core award (104,403 shares) and 49.23% vesting of the Multiplier award (51,397) on 17 July 2018.
Louise Makin
On 17 July 2018, a total of 155,800 Ordinary Shares were released to Louise Makin under the 2006 Plan. 73,410 Ordinary Shares were sold to cover Louise's income tax and national insurance liabilities arising from this share release.
Following this transaction her total holding has increased by 82,390 Ordinary Shares from 805,908 to 888,298 Ordinary Shares, being 0.23% of the issued share capital.
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
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Louise Makin | ||||||
2
| Reason for the notification
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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
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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
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1
| Description of the financial instrument, type of instrument | Ordinary Shares of 10p | ||||||
Identification code | GB0001001592 | |||||||
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Nature of the transaction
| Vesting and receipt of shares under the Company's Performance Share Plan | |||||||
Price(s) and volume(s) |
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| Price(s) | Volume(s) | Total |
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| £0 | 155,800 | £0 |
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Aggregated information | ||||||||
- Aggregated Volume | 155,800 | |||||||
- Price | £0 | |||||||
Date of the transaction
| 17 July 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 | |||||||
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Nature of the transaction
| Sale of shares following vesting of awards under the Company's Performance Share Plan | |||||||
Price(s) and volume(s) |
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| Price(s) | Volume(s) | Total |
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| £4.87883 | 73,410 | £358,154.91 |
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Aggregated information | ||||||||
- Aggregated volume | 73,410 | |||||||
- Price | £358,154.91 | |||||||
Date of the transaction
| 17 July 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