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AstraZeneca PLC announced on 13 February 2023 that an award under the AstraZeneca Investment Plan (AZIP) vested to Pascal Soriot, Executive Director and Chief Executive Officer, on 9 February 2023. Following this vesting, Mr. Soriot acquired 15,187 Ordinary Shares for nil consideration, stemming from an AZIP award granted on 27 March 2015 where 75% of the award entered the holding period.
| Date | 13 Feb 2023 |
| Time | 14:01:01 |
| Category | Director/PDMR dealings |
| ID | 7348P |
13 February 2023 14:01 GMT
Transaction by Person Discharging Managerial Responsibilities
AstraZeneca PLC (the Company) announced that, on 9 February 2023, an award of the Company's ordinary shares of $0.25 each (Ordinary Shares) under the AstraZeneca Investment Plan (AZIP) vested to Pascal Soriot, Executive Director and Chief Executive Officer.
The AZIP award was granted on 27 March 2015 and was subject to a four-year performance period followed by a four-year holding period before vesting. Application of the performance measures specified at the time of grant resulted in 75% of the AZIP award entering the holding period.
Following the reinvestment of dividends accrued during the performance and holding periods and the withholding of shares to satisfy certain tax obligations arising on vesting, Mr Soriot acquired Ordinary Shares as detailed in the table below:
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PDMR |
Ordinary Shares acquired under the AZIP |
|
Pascal Soriot |
15,187 |
For tax purposes, the fair market value of an Ordinary Share at vest was 10,752 pence, being the closing price on the last trading day preceding the vesting.
Further details are set out in the attached notification, made in accordance with the requirements of the EU Market Abuse Regulation (since it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018).
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1
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Details of the person discharging managerial responsibilities / person closely associated |
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a)
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Name |
Pascal Soriot |
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2
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Reason for the notification
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a)
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Position/status
|
Chief Executive Officer |
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b)
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Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a)
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Name |
AstraZeneca PLC |
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b)
|
LEI |
PY6ZZQWO2IZFZC3IOL08 |
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4i
|
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 |
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a)
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Description of the financial instrument, type of instrument
Identification code |
Ordinary Shares of US$0.25 each in AstraZeneca PLC
GB0009895292
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b)
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Nature of the transaction
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Acquisition of Ordinary Shares pursuant to a vesting under the AstraZeneca Investment Plan, for nil consideration. |
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c)
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Price(s) and volume(s)
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|
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d)
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Aggregated information
- Aggregated volume - Price |
Not applicable - single transaction
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e)
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Date of the transaction
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9 February 2023 |
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f)
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Place of the transaction
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Outside a trading venue |
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AstraZeneca
AstraZeneca (LSE/STO/Nasdaq: AZN) is a global, science-led biopharmaceutical company that focuses on the discovery, development, and commercialisation of prescription medicines in Oncology, Rare Diseases, and BioPharmaceuticals, including Cardiovascular, Renal & Metabolism, and Respiratory & Immunology. Based in Cambridge, UK, AstraZeneca operates in over 100 countries and its innovative medicines are used by millions of patients worldwide. Please visit astrazeneca.com and follow the Company on Twitter @AstraZeneca.
Contacts
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Adrian Kemp
Company Secretary
AstraZeneca PLC