GW Pharmaceuticals PLC Director/PDMR Shareholding (8758J)
September 14 2016 - 12:27PM
UK Regulatory
TIDMGWP
RNS Number : 8758J
GW Pharmaceuticals PLC
14 September 2016
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 Dr Stephen Wright
--- ------------------------------ --------------------------------------------
2. Reason for the notification
--- ----------------------------------------------------------------------------
a. Position/status Director/Chief Medical Officer
--- ------------------------------ --------------------------------------------
b. Initial Initial notification
notification
/Amendment
--- ------------------------------ --------------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------------------------
a. Name GW Pharmaceuticals PLC
--- ------------------------------ --------------------------------------------
b. LEI
--- ------------------------------ --------------------------------------------
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 0.1p each
Financial ISIN: GB0030544687
instrument,
type of
instrument
Identification
code
--- ------------------------------ --------------------------------------------
b. Nature of Exercise of share options to acquire
the transaction ordinary shares.
--- ------------------------------ --------------------------------------------
c. Price(s) Price(s) Volume(s)
and volume(s) 28.15p 198,288 Ordinary shares
acquired pursuant
to option exercise
--------- ---------- -------------------
--- ------------------------------ --------------------------------------------
d. Aggregated
information
* Aggregated volume n/a
* Price
--- ------------------------------ --------------------------------------------
e. Date of 13 September 2016
the transaction
--- ------------------------------ --------------------------------------------
f. Place of London
the transaction
--- ------------------------------ --------------------------------------------
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 Ordinary shares of 0.1p each and
of the American Depositary Shares
Financial
instrument, Ordinary Shares: ISIN: GB0030544687
type of American Depositary shares: ISIN:
instrument 36197T1034
Identification
code
--- ------------------------------ --------------------------------------------
b. Nature of Conversion of 198,288 Ordinary
the transaction shares into American Depositary
Shares (12 to 1 conversion ratio)
to create 16,524 ADSs
--- ------------------------------ --------------------------------------------
c. Price(s) Price(s) Volume(s)
and volume(s) - 16,524 ADS's issued upon
conversion of
198,288 Ordinary
shares
--------- ---------- -----------------
--- ------------------------------ --------------------------------------------
d. Aggregated
information
* Aggregated volume n/a
* Price
--- ------------------------------ --------------------------------------------
e. Date of 13 September 2016
the transaction
--- ------------------------------ --------------------------------------------
f. Place of Outside a trading venue
the transaction
--- ------------------------------ --------------------------------------------
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
Financial American Depositary Shares
instrument, ISIN: 36197T1034
type of
instrument
Identification
code
--- ------------------------------ --------------------------------------------
b. Nature of Sale of American Depositary shares
the transaction
--- ------------------------------ --------------------------------------------
c. Price(s) Price(s) Volume(s)
and volume(s) $98.75 16,524 ADS's sold
--------- ---------- ----------
--- ------------------------------ --------------------------------------------
d. Aggregated
information
* Aggregated volume n/a
* Price
--- ------------------------------ --------------------------------------------
e. Date of 13 September 2016
the transaction
--- ------------------------------ --------------------------------------------
f. Place of Nasdaq, New York
the transaction
--- ------------------------------ --------------------------------------------
Explanatory note: On 13 September 2016 Dr Stephen Wright
exercised options to acquire 198,288 0.1 pence Ordinary shares for
an average exercise price of 28.15 pence per share. These were
immediately converted into 16,524 American Depositary Shares and
sold via Nasdaq for an average price of $98.75 per ADS. The sale
represents less than 0.1% of shares in issue. This sale of shares
by Dr Stephen Wright is in accordance with the disclosures
contained within the prospectus dated 14 July 2016 whereby the sale
of up to 200,000 Ordinary shares by Dr Wright was agreed by the
underwriters to be specifically excluded from the lock-up
arrangements entered into by the Directors of the Company.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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