Director/PDMR Shareholding
27 March 2023 11:00 BST
Transaction by Person Discharging Managerial Responsibilities
AstraZeneca PLC (the Company) announced that, on 23 March 2023, an award of the Company's ordinary shares of $0.25 each (Ordinary Shares) vested to Pascal Soriot, Executive Director and Chief Executive Officer, under the terms of the AstraZeneca Performance Share Plan (AZPSP).
The AZPSP award was granted on 23 March 2018 and was subject to a three-year performance period. On the third anniversary of grant the award was placed in a two-year holding period. The award vested at the end of that holding period. Application of the performance measures specified at the time of grant resulted in 99% of the AZPSP award vesting and the remaining unvested part lapsing.
Following the reinvestment of dividends accrued during performance and holding periods of the AZPSP award, and the withholding of shares to satisfy certain tax obligations arising on vesting, Mr Soriot's beneficial interests in Ordinary Shares changed as detailed in the table below:
| PDMR | Ordinary Shares acquired under the AZPSP |
| Pascal Soriot | 138,093 |
For tax purposes, the fair market value of an Ordinary Share at vest of the AZPSP award was 10,976 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 (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Pascal Soriot | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | AstraZeneca PLC | |
| b) | LEI | PY6ZZQWO2IZFZC3IOL08 | |
| 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 instrument, type of instrument Identification code |
Ordinary Shares of US$0.25 each in AstraZeneca PLC GB0009895292 |
|
| b) | Nature of the transaction | Acquisition of ordinary shares pursuant to a vesting under the AstraZeneca Performance Share Plan, for nil consideration. | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 0 | 138,093 | ||
| d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | |
| e) | Date of the transaction | 23 March 2023 | |
| f) | Place of the transaction | Outside a trading venue | |
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.
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Adrian Kemp
Company Secretary
AstraZeneca PLC
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