CSRT.L Regulatory News (CSRT)

Consort Medical plc

Director/PDMR shareholding

1 July 2015

Consort Medical plc announces that the undermentioned directors and other persons discharging managerial responsibilities, ('PDMRs'), have exercised awards/options granted under the terms of the Consort Medical Long-Term Incentive Plan ('LTIP') and/or the Consort Medical plc Company Share Option Plan 2010 ('CSOP') and sold shares as set out below. 

LTIP awards granted on 19 June 2012 to Mr Glenn, Ms King and Mr Djamarani vested on 19 June 2015. LTIP awards and CSOP options granted on 25 June 2012 to Mr Cotton vested on 25 June 2015. 

The exercise of the awards/option was satisfied out of ordinary shares held by the trustee of the Consort Medical plc Employee Share Ownership Trust.

The exercise of awards/option and disposals of shares referred to below took place on 26 June 2015 at £9.1275 per share: the Company was informed of the transactions by the trustee of the Consort Medical plc Employee Share Ownership Trust on 30 June 2015. Shares acquired pursuant to LTIP awards are acquired for nil consideration. Shares acquired pursuant to the CSOP option were acquired for an exercise price of £5.7117 per share.

All of the shares sold by Mr Glenn (35,410) were sold to cover tax liabilities. All of the shares sold by Mr Cotton (24,146) were sold to cover tax liabilities and the exercise price payable in respect of the CSOP Option.

* Mr Glenn's shareholding is inclusive of shares acquired pursuant to Deferred Bonus Plan award exercised on the same date.

Enquiries: I Ward, Company Secretary 01442 867920