Source - RNS
RNS Number : 9323G
BTG PLC
01 June 2017
 

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 1 June 2012, was 1 June 2015. At that time both Louise Makin and Rolf Soderstrom elected to roll over 100% of their 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 a reduction in the number of Core award Ordinary Shares vesting on 1 June 2017 (87%) and no Multiplier award Ordinary Shares have vested.

 

Louise Makin

On 1 June 2017, 107,755 Ordinary Shares were released to Louise Makin under the 2006 Plan. 75,772 Ordinary Shares were sold in part to cover Louise's income tax and national insurance liabilities arising from this share release.

 

Following this transaction her total holding has increased by 31,983 Ordinary Shares from 704,127 to 736,110 Ordinary Shares, being 0.19% of the issued share capital.

 

Rolf Soderstrom

On 1 June 2017, 79,897 Ordinary Shares were released to Rolf Soderstrom under the 2006 Plan.  39,897 Ordinary Shares were sold in part to cover Rolf's income tax and national insurance liabilities arising from this share release.

 

Following this transaction his total holding has increased by 40,000 Ordinary Shares from 287,336 to 327,336 Ordinary Shares, being 0.08% of the issued share capital.

Executive Share Option Plan

In addition Rolf Soderstrom exercised options over 422,494 ordinary shares under the Executive Share Option Plan as detailed in the table below.  All the shares released were sold with part of the proceeds being used to cover the exercise price of the options as well as his income tax and national insurance liabilities arising from the option exercises.

 

Date of Grant

Option Price

Date of Exercise

No. of Shares under Option

No of Shares sold at 655.5p per share

31/07/2009

179.25p

01/06/2017

102,649

102,649

13/07/2010

201.30p

01/06/2017

129,514

129,514

06/07/2011

298.90p

01/06/2017

99,658

99,658

01/06/2012

386.00p

01/06/2017

90,673

90,673

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

 

a)

 

Position/status

 

 

CEO, Director

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

a)

 

Name

 

 

BTG plc

b)

 

LEI

 

 

213800DCVRNVRVINH968

4

 

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

107,755

£0

 


 

 

 

 


Aggregated information


-     Aggregated Volume

107,755

-     Price

£0






Date of the transaction

 

 

1 June 2017


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

 


 

£6.555

75,772

£496,685.46

 


 

 

 

 


Aggregated information




- Aggregated volume

75,772



- Price

£6.555




Date of the transaction

 

 

1 June 2017


Place of the transaction

 

 

London Stock Exchange (XLON)

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

 

 Rolf Soderstrom

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

79,897

£0

 


 

 

 

 


Aggregated information


 

-Aggregated volume

 

79,897

-     Price

£0








Date of the transaction

 

 

1 June 2017


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

 


 

£6.555

39,897

£261,524.84

 


 

 

 

 


Aggregated information




- Aggregated volume

39,897



- Price

£6.555




Date of the transaction

 

 

1 June 2017


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

 

 

Exercise of share options under the Company's Executive Share Option Plan


Price(s) and volume(s)

 

 

 

 


 

Price(s)

Volume(s)

Total

 


 

£1.7925

102,649

£183,998.33

 


 

 

 

 


Aggregated information




- Aggregated volume

102,649



- Price

£1.7925



 

 

Date of the transaction

 

 

1 June 2017

 

 

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

 

 

Exercise of share options under the Company's Executive Share Option Plan


Price(s) and volume(s)

 

 

 

 


 

Price(s)

Volume(s)

Total

 


 

£2.013

129,514

£260,711.68

 


 

 

 

 


Aggregated information




- Aggregated volume

129,514



- Price

£2.013



 

 

Date of the transaction

 

 

1 June 2017

 

 

Place of the transaction

 

 

Outside a trading venue

5.

 

Description of the financial instrument, type of instrument

Ordinary Shares of 10p



Identification code

GB0001001592

 



Nature of the transaction

 

 

Exercise of share options under the Company's Executive Share Option Plan


Price(s) and volume(s)

 

 

 

 


 

Price(s)

Volume(s)

Total

 


 

£2.989

99,658

£297,877.76

 


 

 

 

 


Aggregated information




- Aggregated volume

99,658



- Price

£2.989



 

 

Date of the transaction

 

 

1 June 2017

 

 

Place of the transaction

 

 

Outside a trading venue

6.

 

Description of the financial instrument, type of instrument

Ordinary Shares of 10p



Identification code

GB0001001592

 



Nature of the transaction

 

 

Exercise of share options under the Company's Executive Share Option Plan


Price(s) and volume(s)

 

 

 

 


 

Price(s)

Volume(s)

Total

 


 

£3.86

90,673

£349,997.78

 


 

 

 

 


Aggregated information




- Aggregated volume

90,673



- Price

£3.86



 

 

Date of the transaction

 

 

1 June 2017

 

 

Place of the transaction

 

 

Outside a trading venue

7.

 

Description of the financial instrument, type of instrument

Ordinary Shares of 10p



Identification code

GB0001001592

 



Nature of the transaction

 

 

Sale of shares following exercise of option under the Company's Executive Share Option Plan


Price(s) and volume(s)

 

 

 

 


 

Price(s)

Volume(s)

Total

 


 

£6.555

422,494

£2,769,448.17

 


 

 

 

 


Aggregated information




- Aggregated volume

422,494



- Price

£6.555



 

 

Date of the transaction

 

 

1 June 2017

 

 

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

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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