EX-99.1 2 v474942_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

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 Mr Julian Gangolli
2.          Reason for the notification
a.          Position/status Director/President, US
b.         

Initial notification

 

/Amendment

 

Initial notification
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

 

Financial instrument, type of instrument

 

Identification code

 

 

 

Ordinary shares of 0.1p each

 

ISIN: GB0030544687

 

b.          Nature of the transaction

Exercise of share options to acquire ordinary shares.

 

 

 

c.          Price(s) and volume(s)

 

  Price(s)            Volume(s)  

  

  0.1p                  38,016                Ordinary shares acquired pursuant to option exercise

d.         

Aggregated information

 

Aggregated volume

 

Price

 

 

 

 

 

n/a

 

e.          Date of the transaction 8 September 2017
f.          Place of the transaction

London

 

 

 

 

 

 

 

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 0.1p each and American Depositary Shares

 

 Ordinary Shares: ISIN: GB0030544687

 

American Depositary shares: ISIN: US36197T1034

 

b.          Nature of the transaction Conversion of Ordinary shares into American Depositary Shares (12 to 1 conversion ratio)
c.          Price(s) and volume(s)

 

  Price(s)             Volume(s)

 

   -                        1,510                     ADS’s issued upon conversion of 18,120 Ordinary shares

d.         

Aggregated information

 

Aggregated volume

 

Price

 

  

 

n/a

 

e.          Date of the transaction 11 September 2017
f.          Place of the transaction New York
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

 

 

 

 

 

American Depositary Shares

 

ISIN: 36197T1034

 

b.          Nature of the transaction Sale of American Depositary shares
c.          Price(s) and volume(s)

 

  Price(s)            Volume(s) 

 

  $108.43             1,510                    ADS’s sold to cover taxes due on option exercise

d.         

Aggregated information

 

Aggregated volume

 

Price

 

 

 

 

 

n/a

 

 

 

 

 

e.          Date of the transaction 11 September 2017
f.          Place of the transaction Nasdaq, New York
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 Share and Restricted American Depositary Shares

 

Ordinary Shares: ISIN: GB0030544687

 

Restricted American Depositary shares: ISIN: US36197T1372

 

b.          Nature of the transaction Conversion of 19,896 Ordinary Shares arising from option exercise into 1,658 Restricted American Depositary shares (12 to 1 Conversion ratio), increasing Julian Gangolli’s closing shareholding to 2,241 Restricted ADSs.
c.          Price(s) and volume(s)

 

  Price(s)          Volume(s)

 

  -                      1,658                   Restricted ADSs issued upon conversion of 19,896

                                                     Ordinary Shares being retained

d.         

Aggregated information

 

Aggregated volume

 

Price

 

 

 

n/a

 

e.          Date of the transaction 11 September 2017
f.          Place of the transaction Nasdaq, New York