TIDMCTEC

RNS Number : 2993V

ConvaTec Group PLC

01 November 2017

1 November 2017

ConvaTec Group Plc

("ConvaTec" or "the Company")

Director/PDMR Shareholding

The Company has been notified of the following transaction by a Person Discharging Managerial Responsibility ("PDMR") in ordinary shares of 10 pence each in the share capital of the Company ("Shares").

On 30 and 31 October 2017 Frank Schulkes, the Company's Chief Financial Officer and a PDMR, purchased Shares in the Company as follows;

30 October 2017 - 50,000 Shares at GBP2.014399 per share.

31 October 2017 - 50,000 Shares at GBP1.959335 per share.

Mr Schulkes' resulting shareholding is 100,000 Shares.

The attached notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives further detail.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
  1      Details of the person discharging managerial 
          responsibilities/person closely associated 
----  ---------------------------------------------------------------------------------------------------------------- 
  a)    Name                              Frank Schulkes 
----  --------------------------------  ------------------------------------------------------------------------------ 
  2     Reason for the notification 
----  ---------------------------------------------------------------------------------------------------------------- 
  a)    Position/Status                   CFO 
----  --------------------------------  ------------------------------------------------------------------------------ 
  b)    Initial notification/Amendment    Initial notification 
----  --------------------------------  ------------------------------------------------------------------------------ 
  3     Details of the issuer, emission allowance market 
         participant, auction platform, auctioneer or 
         auction monitor 
----  ---------------------------------------------------------------------------------------------------------------- 
  a)    Name                              ConvaTec Group Plc 
----  --------------------------------  ------------------------------------------------------------------------------ 
  b)    LEI                               213800LS272L4FIDOH92 
----  --------------------------------  ------------------------------------------------------------------------------ 
  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 
----  ---------------------------------------------------------------------------------------------------------------- 
  a)    Description of the                Ordinary shares of 10p each in ConvaTec Group Plc ("Shares") 
         financial instrument,             GB00BD3VFW73 
         type of instrument 
         Identification code 
----  --------------------------------  ------------------------------------------------------------------------------ 
  b)    Nature of the transaction         1. Purchase of Shares on 30 October 2017 
                                           2. Purchase of Shares on 31 October 2017 
----  --------------------------------  ------------------------------------------------------------------------------ 
  c)    Price(s) and volume(s)            Price(s)                                                       Volume(s) 
                                           1 - GBP2.014399                                                1 - 50,000 
                                           2 - GBP1.959335                                                2 - 50,000 
----  --------------------------------  -------------------------------------------------------------  --------------- 
  d)    Aggregated information 
         - Aggregated volume                100,000 
         - Price                            GBP198,686.70 
----  --------------------------------  ------------------------------------------------------------------------------ 
  e)    Date of the transaction           1 - 30 October 2017 
                                           2 - 31 October 2017 
----  --------------------------------  ------------------------------------------------------------------------------ 
  f)    Place of the transaction          London Stock Exchange, Main Market (XLON) 
----  --------------------------------  ------------------------------------------------------------------------------

Enquiries

Media

   Bobby Leach, VP Group Corporate Affairs, ConvaTec                        +44 (0)7770 842 226

Alastair Elwen, Finsbury +44 (0)207 251 3801

Analysts and Investors

John Crosse, VP Investor Relations, ConvaTec +44 (0)7500 141 435

   Kirsty Law, Director Investor Relations, ConvaTec                               +44 (0)7470 909 582

investorrelations@convatec.com

ConvaTec Group Plc's LEI code is 213800LS272L4FIDOH92

About ConvaTec

ConvaTec is a global medical products and technologies company focused on therapies for the management of chronic conditions, with leading market positions in advanced wound care, ostomy care, continence and critical care, and infusion devices. ConvaTec's products provide a range of clinical and economic benefits including infection prevention, protection of at-risk skin, improved patient outcomes and reduced total cost of care. To learn more about ConvaTec, please visit www.convatecgroup.com where a copy of this announcement can also be found.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

November 01, 2017 11:12 ET (15:12 GMT)

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