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AstraZeneca PLC (LSE:AZN, STO:AZN, NASDAQ:AZN) reported Monday that Chief Executive Officer Pascal Soriot transferred 136,537 ordinary shares of $0.25 each to family members as a gift on Friday. The company stated that Soriot ceased to be beneficially interested in these shares following the transaction, which was conducted for nil consideration and took place outside a trading venue.
The notification was made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK law. AstraZeneca disclosed the information in a press release statement included in a filing with the U.S. Securities and Exchange Commission.
Soriot remains CEO and executive director of AstraZeneca. The transaction represents an initial notification and was not part of a sale or purchase on a public exchange.
The details provided are based on a statement from AstraZeneca and information filed with the SEC.
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