Business Context and Reporting Period
This Form 6-K filing by GlaxoSmithKline plc covers the period ending January 28, 2008. The report serves as a notification of transactions involving directors and persons discharging managerial responsibility, specifically regarding the US Retirement Savings Plan.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on a specific transaction event rather than general financial performance.
Material Changes
The filing details a revaluation of the cash element within the US Retirement Savings Plan, which is notionally held in GSK Ordinary share ADRs. This resulted in an increase in the notional allocation of Ordinary Share ADRs on January 25, 2008, at a price of $46.92 per ADR share.
Guidance, Outlook, and Risks
The filing contains no management commentary, guidance, outlook, or discussion of risks and contingencies. It is a compliance notification under Disclosure and Transparency Rule 3.1.4R(1)(a).
Important Facts for Investors
- Transaction Date: The notional allocation increase occurred on January 25, 2008.
- Share Price: The transaction price was $46.92 per ADR share.
- Participants: The notification covers allocations for Dr. JP Garnier (119 shares), Dr. M Slaoui (11 shares), Dr. R G Greig (34 shares), Mr. W Louv (7 shares), Dr. D Pulman (9 shares), Mr. D Stout (57 shares), and Mr. C Viehbacher (12 shares).
- Plan Type: The transaction relates to the US Retirement Savings Plan held in GSK Ordinary share ADRs.