Consort Medical plc (the 'Company')
30 July 2019
Consort Medical plc announces that a person discharging managerial responsibilities ('PDMR') as detailed below, has exercised awards over ordinary shares in the Company ('Ordinary Shares') in accordance with the terms of the Consort Medical plc Deferred Bonus Plan (the 'DBP') and the Consort Medical Performance Share Plan (the 'PSP') (together the 'Awards').
The Awards were exercised for nil consideration on 26 July 2019 pursuant to respective awards made on 21 June 2016.
The exercise of the Awards was satisfied out of the Ordinary Shares held in the Consort Medical plc Employee Share Ownership Trust.
Also on 26 July 2019, the same PDMR below disposed of Ordinary Shares at £7.78 per share with the net proceeds of the disposal used to cover tax liabilities associated to the above exercise of the Awards only. The resultant interests in the Ordinary Shares of the Company are shown below.
Ordinary Shares exercised under the DBP
Ordinary Shares exercised under the PSP
Total Ordinary Shares exercised
Total Ordinary Shares sold
Total Ordinary shares retained
Total resultant Ordinary Shares held
% of Ordinary Share capital
The Company was informed of the above transaction by the Consort Medical Employee Share Ownership Trust on 29 July 2019.
Enquiries: Michelle Palmer Assistant Company Secretary 01442 867920
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
Business President Bespak
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Consort Medical plc
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
Description of the financial instrument, type of instrument
Ordinary 10p shares
Nature of the transaction
1. Exercise of Deferred Bonus Plan and Performance Share Plan shares
2. Sale of Deferred Bonus Plan and Performance Share Plan shares to cover the Tax and NI liabilities associated with the exercise of the Award
Price(s) and volume(s)
- Aggregated volume
Date of the transaction
26 July 2019
Place of the transaction
Off market transaction
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