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

IndiviorAnnouncement

16/03/2015 07:02

RNS Number : 4661H
Indivior PLC
16 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 12 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
Shaun Thaxter (CEO)*
829,545
1,659,091
Cary Claiborne (CFO)*
528,409
1,056,818

*denote Director of the Company
The grant of performance shares was made by the Company on 11 March 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 of our 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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