REG - Indivior PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">INDV.L</Origin>

IndiviorAnnouncement

05/03/2015 17:50

RNS Number : 7125G
Indivior PLC
05 March 2015
Indivior PLC 
("the Company" / "Indivior")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
In accordance with Disclosure and Transparency Rule 3.1.4R(1), the Company announces that it received notification on 4 March 2015 of the following changes in share interests of its persons discharging managerial responsibilities ("PDMRs"):

No of ordinary shares of US$0.10 in the capital of Indivior PLC

Award of Performance Shares
PDMRs
No. of shares at on-Target opportunity
No. of shares at Maximum opportunity
Timothy Baxter
219,230
438,460
Debby Betz
144,230
288,460
Mark Crossley
196,153
392,306
Jon Fogle
196,153
392,306
Tony Goodman
196,153
392,306
Christian Heidbreder
408,653
817,306
Javier Rodriguez
384,615
769,230
Richard Simkin
456,730
913,460
Frank Stier
146,960
293,920
The grant of performance shares was made by the Company on 26 February 2015. The awards were granted in accordance with the rules of the Indivior Long-Term Incentive Plan. The vesting of these awards is three years from grant and is conditional on continued employment with the Indivior Group.
The performance conditions for half of the awards are based on absolute TSR targets which will require the business to broadly double in size over the three year performance period for awards to vest in full. The other half of the awards is subject to the achievement of key pipeline milestones. Indivior's pipeline is fundamental to the success ofits business going forward and therefore the achievement of these goals is essential to creating a successful and sustainable business. The Indivior Long-Term Incentive Plan includes malus and clawback provisions.
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