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

IndiviorAnnouncement

22/02/2016 15:50

RNS Number : 7789P
Indivior PLC
22 February 2016
INDIVIOR PLC (the 'Company')
NOTIFICATION OF TRANSACTIONS BY DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
The Company announces that on February 19, 2016 it made conditional awards ('Awards') over ordinary shares of US$0.10 in the Company ('Shares') under the terms of the Indivior Long-Term Incentive Plan (the 'LTIP') to a number of persons discharging managerial responsibilities ('PDMRs').
The following PDMRs were made conditional awards as set out below:
Name
Maximum number of Shares under Award
Shaun Thaxter
2,121,354
Cary Claiborne
1,126,060
Timothy Baxter
552,134
Debby Betz
423,198
Mark Crossley
823,356
Jon Fogle
494,014
Tony Goodman
494,014
Christian Heidbreder
1,029,196
Javier Rodriguez
968,654
Richard Simkin
1,150,278
Frank Stier
397,974
The vesting of the Awards is subject to the rules of the LTIP and is conditional upon continued employment and the achievement of performance conditions. The performance conditions applicable to the Awards are based on (1) key pipeline milestones; (2) Relative Total Shareholder Return ("TSR") to the TSR of the constituents of the FTSE250 (excluding investment trusts); and (3) Relative TSR to the TSR constituents of the S&P1500 Pharmaceutical and Biotech Index (one-third weighting for each measure).
The number of Shares under Award that will vest will depend upon the extent to which the performance conditions have been achieved.
No consideration was payable on the grant of the Awards. The Awards will normally vest on the third anniversary of the Award date.
This notification is made in accordance with Disclosure and Transparency Rule 3.1.4R.
Kathryn Hudson
Company Secretary

This information is provided by RNS
The company news service from the London Stock Exchange
  END
RDSPGUUCPUPQGAP