Eland Oil & Gas Regulatory News (ELA)

1 Aug 2007 14:49

Elan Corporation PLC01 August 2007 SCHEDULE 11 Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons This form is intended for use by an issuer to make a RIS notification requiredby the Market Abuse Rules and section 53 (as extended by section 64 of theCompanies Act 1990) or entered into the issuer's register in accordance withsection 59 of the Companies Act 1990. (1) An issuer making a notification in respect of a transactionrelating to the shares or debentures of the issuer should complete boxes 1 to16, 23 and 24. (2) An issuer making a notification in respect of a derivativerelating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14,16, 23 and 24. (3) An issuer making a notification in respect of options grantedto a director/person discharging managerial responsibilities should completeboxes 1 to 3 and 17 to 24. (4) An issuer making a notification in respect of a financialinstrument relating to the shares of the issuer (other than a debenture) shouldcomplete the boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. All relevant boxes should be completed in block capital letters 1 Name of the Issuer 2 State whether the notification relates to: (i) a transaction notified in accordance with Market Abuse Rules; Elan Corporation, plc (ii) a disclosure made in accordance with section 53 (as extended by section 64 of the Companies Act 1990) or entered into the issuer's register in accordance with section 59 of the Companies Act 1990; or (iii) both (i) and (ii). (iii) both (i) and (ii) 3 Name of person discharging managerial 4 State whether notification relates to a person connected responsibilities/director with a person discharging managerial responsibilities/ director named in 3 and identify the connected person Lars Ekman As in 3 Above 5 Indicate whether the notification is in 6 Description of shares (including class) debentures or respect of a holding of the person referred derivatives or financial instruments relating to shares to in 3 or 4 above or in respect of a non-beneficial interest Ordinary Shares of €0.05 each as represented by American Depository Shares As in 3 above 7 Name of registered shareholder(s) and, if 8 State the nature of the transaction more than one, number of shares held by each of them Scheduled exercise of 30,000 share options and sale of 30,000 shares pursuant to trading plan entered into in As in 3 above June 2006 9 Number of shares, debentures or financial 10 Percentage of issued class acquired (treasury shares instruments relating to shares acquired of that class should not be taken into account when calculating percentage) 30,000 at $2.11 0.006% 11 Number of shares, debentures or financial 12 Percentage of issued class disposed (treasury shares instruments relating to shares disposed of that class should not be taken into account when calculating percentage) 30,000 Shares 0.006% 13 Price per share or value of transaction 14 Date and place of transaction $18.30 31 July 2007 New York Stock Exchange 15 Total holding following notification and 16 Date issuer informed of transaction total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 31 July 2007 33,496 (0.006%) If a person discharging managerial responsibilities has been granted options bythe issuer, complete the following boxes: 17 Date of grant 18 Period during which or date on which it can be exercised 19 Total amount paid (if any) for grant of the 20 Description of shares or debentures involved (class option and number) 21 Exercise price (if fixed at time of grant) or 22 Total number of shares or debentures over which indication that the price is to be fixed at options are held following notification the time of exercise 23 Any additional information 24 Name of contact and telephone number for queries None William Daniel: 01 709 4621 Name and signature of duly designated officer of issuer responsible for making notification ____________________________________________________ William Daniel - Company Secretary Date of notification: 31 July 2007 This announcement has been issued through the Companies Announcement Service of The Irish Stock Exchange. This information is provided by RNS The company news service from the London Stock Exchange