Last checked at 7 Sep 2018 14:24
GlaxoSmithKline plc ('GSK')
Awards under the GSK Deferred Investment Award programme
In accordance with Disclosure Guidance and Transparency Rule 3.1.4R(1)(a) GSK today announces a change in the interests of Persons Discharging Managerial Responsibilities ('PDMR') in notional shares of GSK as a result of awards made under the GlaxoSmithKline Deferred Investment Award programme (the 'Programme') on 6 September 2018. The awards under the Programme will vest on 14 February 2021.
Awards are made over notional American Depositary Shares and Ordinary Shares. Vesting is subject to the individuals not having served GSK notice or having been terminated by GSK for cause. The awards will not accrue dividends, and on vesting, will be paid in cash. Executive Directors are not eligible to receive awards under the Programme.
Both awards relate to the PDMRs' employment prior to their being appointed to GSK's Corporate Executive Team.
Transaction notification
1. | Details of PDMR/person closely associated with them ('PCA') | ||||
a) | Name | Mr J Ford | |||
b) | Position/status | SVP & General Counsel | |||
c) | Initial notification/ amendment | Initial Notification | |||
2. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | GlaxoSmithKline plc | |||
b) | LEI | 5493000HZTVUYLO1D793 | |||
3. | 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 transaction(s) has been conducted | ||||
a) | Description of the financial instrument | American Depositary Shares ('ADSs')
ISIN: US37733W1053 | |||
b) | Nature of the transaction | An award of notional ADSs under the Company's Deferred Investment Award.
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c) | Price(s) and volume(s) |
| Price(s) | Volume(s) |
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| $39.78 | 6,320 |
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d) | Aggregated information | n/a (single transaction) | |||
Aggregated volume Price |
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e) | Date of the transaction | 2018-09-06 | |||
f) | Place of the transaction
| n/a | |||
1. | Details of PDMR/person closely associated with them ('PCA') | ||||
a) | Name | Mr R Simard | |||
b) | Position/status | President, Pharmaceutical Supply Chain | |||
c) | Initial notification/ amendment | Initial Notification | |||
2. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | GlaxoSmithKline plc | |||
b) | LEI | 5493000HZTVUYLO1D793 | |||
3. | 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 transaction(s) has been conducted | ||||
a) | Description of the financial instrument | Ordinary shares of 25 pence each ('Ordinary Shares')
ISIN: GB0009252882
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b) | Nature of the transaction | An award of notional Ordinary Shares under the Company's Deferred Investment Award.
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c) | Price(s) and volume(s) |
| Price(s) | Volume(s) |
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| £15.254 | 11,060 |
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d) | Aggregated information | n/a (single transaction) | |||
Aggregated volume Price |
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e) | Date of the transaction | 2018-09-06 | |||
f) | Place of the transaction
| n/a | |||