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RNS Number : 8809I Indivior PLC 15 May 2025
INDIVIOR PLC (THE 'COMPANY')
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTION BY A PERSON DISCHARGING
MANAGERIAL RESPONSIBILITY ('PDMR')
As described in the Company's Notice of 2025 AGM dated March 27, 2025, the
Company announces that on May 13, 2025, performance share units ('PSUs') over
a maximum of 1,266,905 ordinary shares of US$0.50 each in the Company
('Shares') and restricted share units ('RSUs') over 422,302 Shares were
granted to Joe Ciaffoni, Chief Executive Officer of the Company (together, the
'On-Hire Awards').
The RSUs will cliff-vest on May 8, 2028, the third anniversary of Mr.
Ciaffoni's appointment as Chief Executive Officer, subject to his continued
employment.
The PSUs will not be capable of vesting prior to May 8, 2026, the first
anniversary of Mr. Ciaffoni's appointment as Chief Executive Officer (except
in connection with a change in control) and thereafter will vest in accordance
with the achievement of a performance condition based on the Company's Share
price, and subject to his continued employment on the date the performance
condition is met. Mr. Ciaffoni must hold the Shares resulting from the vested
PSUs for a period of 12 months following vesting, save as necessary to satisfy
the applicable tax liability. Further information regarding the performance
condition can be found in the Notice of 2025 AGM, which is available at
www.indivior.com/investors/shareholder information
(https://www.indivior.com/admin/resources/dam/id/1632/Indivior%20Notice%20of%20Annual%20General%20Meeting%202025.pdf)
.
This notification is made in accordance with the requirements of the U.K.
Market Abuse Regulation.
Alice Givens
Company Secretary
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Joe Ciaffoni
2 Reason for the notification
a) Position/status PDMR - Chief Executive 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 Ordinary Shares of US$0.50
Identification code
GB00BN4HT335
b) Nature of the transaction Grant of PSUs and RSUs over Shares
c) Price(s) and volume(s)
Price(s) Volume(s)
N/A 1,266,905
N/A 422,302
d) Aggregated information
- Aggregated volume 1,689,207 Shares
Nil
- Price
e) Date of the transaction May 13, 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
1,689,207 Shares
Nil
e)
Date of the transaction
May 13, 2025
f)
Place of the transaction
Outside a trading venue
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