Eland Oil & Gas Regulatory News (ELA)

28 Nov 2007 17:44

Elan Corporation PLC28 November 2007 SCHEDULE 11 Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons All relevant boxes should be completed in block capital letters 1 Name of the Issuer 2 State whether the notification relates to: Elan Corporation Plc (i) a transaction notified in accordance with Market Abuse Rules; (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). Both (i) and (ii)3 Name of person discharging managerial 4 State whether notification realties to a person connected with a person responsibilities/director discharging managerial responsibilities/director named in 3 and identify the connected person G. Kelly Martin As in 3 above5 Indicate whether the notification is 6 Description of shares (including class) debentures or derivatives or in respect of a holding of the person financial instruments relating to shares referred to in 3 or 4 above or in respect of a non-beneficial interest ORDINARY SHARES OF €0.05 EACH REPRESENTED BY AMERICAN DEPOSITARY SHARES As in 3 above7 Name or registered shareholder(s) 8 State the nature of the transaction and, if more than one, number of shares held by each of them SALE OF SHARES AS IN 3 ABOVE9 Number of shares, debentures or 10 Percentage of issued class acquired (treasury shares of that class financial instruments relating to should not be taken into account when calculating percentage) shares acquired N/A N/A11 Number of shares, debentures or 12 Percentage of issued class disposed (treasury shares of that class financial instruments relating to should not be taken into account when calculating percentage) shares disposed 0.004% 19,35013 Price per share or value of 14 Date and place of transaction transaction 26 NOVEMBER 2007 US$433,931 NEW YORK STOCK EXCHANGE15 Total holding following notification 16 Date issuer informed of transaction and total percentage holding following notification (any treasury 27 NOVEMBER 2007 shares should not be taken into account when calculating percentage) 183,150 (0.04%) 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 exercised19 Total amount paid (if any) for grant of the option 20 Description of shares or debentures involved (class and number)21 Exercise price (if fixed at time of grant) or indication that 22 Total number of shares or debentures over which the price is to be fixed at the time of exercise options are held following notification23 Any additional information 24 Name of contact and telephone number for queries NONE LIAM DANIEL: 01 709 4621 Name and signature of authorised officer of issuer responsible for making notification _________WILLIAM DANIEL COMPANY SECRETARY___________________________________________ Date of notification _28 NOVEMBER 2007__________________________________ Notes: This form is intended for use by an issuer to make a RISnotification required by (the Market Abuse Rules(1) and) section 53 (as extendedby section 64 of the Companies Act 1990) or entered into the issuer's registerin accordance with section 59 of the Companies Act 1990. (1) An issuer making a notification in respect of a transaction relatingto the shares or debentures of the issuer should complete boxes 1 to 16, 23 and24. (2) An issuer making a notification in respect of a derivative relating tothe shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and24. (3) An issuer making a notification in respect of options granted to adirector/person discharging managerial responsibilities should complete boxes 1to 3 and 17 to 24 (4) An issuer making a notification in respect of a financial instrumentrelating to the shares of the issuer (other than a debenture) should completethe boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. This announcement has been issued through the Companies Announcement Service of The Irish Stock Exchange. -------------------------- (1) Please note that the requirement to make a notification under the MarketAbuse Rules does not apply until 1 October 2005. Schedule 11 may be subject toamendment prior to 1 October 2005 to bring it in line with the FinancialRegulator's 'Notification of Transactions of Directors/Persons DischargingManagerial Responsibility and Connected Persons' under the Market AbuseDisclosure Rules. This information is provided by RNS The company news service from the London Stock Exchange