REG - Indivior PLC - Director/PDMR Shareholding
RNS Number : 4167IIndivior PLC08 August 2019INDIVIOR PLC (THE 'COMPANY')
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMR') AND PERSONS CLOSELY ASSOCIATED WITH THEM
The Company announces that on August 8, 2019 it granted a Conditional Award ('Award') over Ordinary Shares of US$0.10 each in the Company ('Shares') under the Indivior Long-Term Incentive Plan ('LTIP') to the PDMR set out below:
Name
Maximum number of Shares under Award
Executive Director
Mark Crossley
44,222
The vesting of the Award is subject to the Rules of the LTIP and upon continued employment and the achievement of performance conditions. The performance conditions applicable to the Award are based on (1) Relative Total Shareholder Return ('TSR') to the TSR of the constituents of the FTSE 250 (excluding investment trusts) and (2) Relative TSR to the TSR constituents of the S&P1500 Pharmaceutical and Biotech Index (50% 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. The Award is scheduled to vest on March 5, 2022 and will then be subject to a further two-year holding period before the Shares are released.
This notification is made in accordance with the requirements of the EU Market Abuse Regulation.
Kathryn Hudson
Company Secretary
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mark Crossley
2
Reason for the notification
a)
Position/status
Director / PDMR - Chief Financial and Operations Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Indivior PLC
b)
LEI
213800V3NCQTY7IED471
4
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 transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares of US$0.10
GB00BRS65X63
b)
Nature of the transaction
Award over Ordinary Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
N/A
44,222
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
August 8, 2019
f)
Place of the transaction
Outside a trading venue
Indivior PLC's Legal Entity Identifier code is 213800V3NCQTY7IED471.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDDSHUGURWRUPBUBR
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