PureTech Health issues shares to non-executive directors as RSUs vest

Published 04/07/2025, 17:36
PureTech Health issues shares to non-executive directors as RSUs vest

LONDON - PureTech Health plc (Nasdaq:PRTC, LSE: PRTC) has issued ordinary shares to six non-executive directors following the vesting of previously granted restricted share units (RSUs), according to a company statement released Friday.

The RSUs, which were awarded on June 26, 2024, and November 8, 2024, under the company’s Performance Share Plan, vested in full on June 13, 2025, with the directors receiving their shares on July 1, 2025.

Five directors - Raju Kucherlapati, John LaMattina, Robert Langer, Kiran Mazumdar-Shaw, and Sharon Barber-Lui - each received 59,202 ordinary shares, while Michele Holcomb received 50,000 shares. All shares were issued at a price of £0.01 per share.

Following the share issuance, PureTech’s total issued ordinary share capital stands at 257,927,489 shares, with 17,234,267 shares held in treasury by the company.

PureTech Health is a clinical-stage biotherapeutics company focused on developing new classes of medicine for patients with various diseases. The transaction details were disclosed in accordance with Article 19 of the EU Market Abuse Regulation, as stated in the press release.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.