29 Oct 2014 16:51
Consort Medical plc
Director/PDMR shareholding
29 October 2014
Consort Medical plc announces that the undermentioned directors and other persons discharging managerial responsibilities, ('PDMRs'), have received shares under the terms of the Consort Medical plc Long Term Incentive Plan ('LTIP').
The shares vested on 1 August 2014 for nil consideration pursuant to an Award made on 1 August 2011 and were exercised by the individuals on 24 October 2014. The exercise period for the Award was extended to 40 days following the announcement of the proposed acquisition of Aesica Holdco Limited and the Rights Issue. This was due to the original exercise period having commenced in a close period.
The exercise of the options was satisfied out of the ordinary shares held in the Consort Medical plc Employee Share Ownership Trust.
The disposals referred to below were made on 24 October 2014 at £6.7975 per share and all of which were sold to cover tax liabilities.
Individual | Director /PDMR | Total shares vested* | Shares sold to cover tax liabilities | Shares retained | Total shares held following the event ** | % of share capital |
Jonathan Glenn | Director | 87,092 | 40,934 | 46,158 | 110,398 | 0.377% |
Lisa King | PDMR | 30,667 | 14,414 | 16,253 | 27,268 | 0.093% |
Keyvan Djamarani | PDMR | 25,693 | 12,076 | 13,617 | 25,832 | 0.088% |
* Adjusted for the Rights Issue
** The total shares held is before the completion of the Rights Issue.
The Company was informed of the above transactions on 29 October 2014.
Enquiries:
Consort MedicalRichard Cotton - Group Financial Officer | Tel: +44 1442 867920 |
Consort Medical plc is an international medical devices company, focused on developing and manufacturing disposable medical devices for drug delivery. The principal business of the Company is the management of Bespak, a global market leader in the manufacture of drug delivery devices for pharmaceutical partner companies, including respiratory, nasal, and injectables products, and the manufacture of devices for the point of care diagnostics market.
The Group has facilities in King's Lynn, Cambridge, Nelson and Hemel Hempstead in the UK. Consort Medical is a public company quoted on the premium list of the London Stock Exchange (LSE: CSRT). The Group's website address is www.consortmedical.com.