|
Outcome and Vesting Level
|
||
Portion of the Award
|
Measure and Outcome
|
% of maximum
|
% of award
|
1/3rd
|
Adjusted Free Cash Flow -
For the three-year period, the Company achieved Adjusted Free Cash
Flow calculated in accordance with the principles for the measure
of £13bn, which is above the level of £12.95bn required
for maximum vesting.
Adjustments to the original target and vesting schedule were
communicated in the 2018 Annual Report.
|
100
|
33.333
|
1/3rd
|
Total Shareholder Return -
For the three years ending 31 December 2019, the Company's Total
Shareholder Return ranked 8th, which is below the threshold vesting
level against a comparator group of 10 global pharmaceutical
companies including GSK.
|
0
|
0
|
1/3rd
|
R&D New Products - For
the three-year period, the Company achieved New Product sales
calculated in accordance with the principles for the measure of
£7.254bn, which is above the level of £5.099bn required
for maximum vesting. The threshold vesting level was
£4.172bn.
|
100
|
33.333
|
|
Total vesting for 2017 award
Lapsed
|
66.666%
33.334%
|
1.
|
Details of PDMR/person closely associated with them
('PCA')
|
||||
a)
|
Name
|
Ms E N Walmsley
|
|||
b)
|
Position/status
|
Chief Executive Officer
|
|||
c)
|
Initial
notification/amendment
|
Initial notification
|
|||
2.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
||||
a)
|
Name
|
GlaxoSmithKline plc
|
|||
b)
|
LEI
|
5493000HZTVUYLO1D793
|
|||
3.
|
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 transaction(s) has been
conducted
|
||||
a)
|
Description
of the financial instrument
|
Ordinary Shares of 25 pence each ('Ordinary Shares')
ISIN: GB0009252882
|
|||
b)
|
Nature
of the transaction
|
The number of Ordinary Shares vesting on awards granted in 2017
under the Company's 2017 Performance Share Plan.
|
|||
c)
|
Price(s)
and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
|
£0.00
|
277,623
|
|
||
|
|
|
|
||
d)
|
Aggregated
information
|
N/A (single transaction)
|
|||
Aggregated
volume
Price
|
|
||||
e)
|
Date
of the transaction
|
2020-07-27
|
|||
f)
|
Place
of the transaction
|
N/A
|
|
GlaxoSmithKline plc
|
|
(Registrant)
|
|
|
Date: July
28, 2020
|
|
|
|
|
By:/s/ VICTORIA
WHYTE
--------------------------
|
|
|
|
Victoria Whyte
|
|
Authorised
Signatory for and on
|
|
behalf
of GlaxoSmithKline plc
|