Eland Oil & Gas Regulatory News (ELA)

22 Feb 2007 18:00

Elan Corporation PLC22 February 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 required by the Market Abuse Rules and 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. (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 and 24. (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 and 24. (3) An issuer making a notification in respect of options granted to adirector/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. (4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete 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 Shane Cooke 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 Acquisition of shares on vesting of Restricted Stock Units As in 3 above 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) 3,144 Less than 0.01% 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) 13 Price per share or value of transaction 14 Date and place of transaction $14.05 21 February 2007, Dublin 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) 21 February 2007 253,144 (0.05%) 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: 22 February 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 required by the Market Abuse Rules and 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. (5) 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 and 24. (6) 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 and 24. (7) An issuer making a notification in respect of options granted to adirector/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. (8) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete 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 Shane Cooke 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 Restricted Stock Units and Options over Ordinary Shares of €0.05 each as represented by American Depository As in 3 above Shares 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 Grant of Options and Restricted Stock Units As in 3 above 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) 17,921 Restricted Stock Units to vest in four equal installments: 21 February 2008, 21 February 2009, 21 February 2010 and 21 February 2011. 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) 13 Price per share or value of transaction 14 Date and place of transaction US$250,000 21 February 2007, Dublin 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) 21 February 2006 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 21 February 2006 Options are exercisable in four equal installments: on 1 January 2008, 1 January 2009, 1 January 2010 and 1 January 2011. Options expire 1 January 2017. 19 Total amount paid (if any) for grant of the 20 Description of shares or debentures involved (class option and number) Nil Option to acquire 115,620 Ordinary Shares as represented by American Depository Shares 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 402,098 $13.95 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: 22 February 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 required by the Market Abuse Rules and 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. (9) 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 and 24. (10) 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 and 24. (11) An issuer making a notification in respect of options granted to adirector/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. (12) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete 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 William Daniel 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 Acquisition of shares on vesting of Restricted Stock Units As in 3 above 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) 2,358 Less than 0.01% 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) 13 Price per share or value of transaction 14 Date and place of transaction US$14.05 21 February 2007, Dublin 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) 21 February 2007 52,358 (0.01%) 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: 22 February 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 required by the Market Abuse Rules and 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. (13) An issuer making a notification in respect of a transaction relating tothe shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. (14) 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 and 24. (15) An issuer making a notification in respect of options granted to adirector/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. (16) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete 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 William F Daniel 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 Restricted Stock Units and Options over Ordinary Shares of €0.05 each as represented by American Depository As in 3 above Shares 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 Grant of Options and Restricted Stock Units As in 3 above 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) 10,753 Restricted Stock Units to vest in four equal installments: 21 February 2008, 21 February 2009, 21 February 2010 and 21 February 2011. 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) 13 Price per share or value of transaction 14 Date and place of transaction US$150,000 21 February 2007, Dublin 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) 21 February 2006 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 21 February 2006 Options are exercisable in four equal installments: on 1 January 2008, 1 January 2009, 1 January 2010 and 1 January 2011. Options expire 1 January 2017. 19 Total amount paid (if any) for grant of the 20 Description of shares or debentures involved (class option and number) Nil Option to acquire 69,372 Ordinary Shares as represented by American Depository Shares 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 483,436 $13.95 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: 22 February 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 required by the Market Abuse Rules and 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. (17) An issuer making a notification in respect of a transaction relating tothe shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. (18) 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 and 24. (19) An issuer making a notification in respect of options granted to adirector/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. (20) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete 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 Acquisition of shares on vesting of Restricted Stock Units and sale of shares As in 3 above 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) 6,289 Less than 0.01% 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) 2,893 Less than 0.01% 13 Price per share or value of transaction 14 Date and place of transaction US$13.95 21 February 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) 21 February 2007 33,496 (0.01%) 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: 22 February 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 required by the Market Abuse Rules and 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. (21) An issuer making a notification in respect of a transaction relating tothe shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. (22) 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 and 24. (23) An issuer making a notification in respect of options granted to adirector/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. (24) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete 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 Restricted Stock Units and Options over Ordinary Shares of €0.05 each as represented by American Depository As in 3 above Shares 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 Grant of Options and Restricted Stock Units As in 3 above 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) 16,487 Restricted Stock Units to vest in four equal installments: 21 February 2008, 21 February 2009, 21 February 2010 and 21 February 2011. 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) 13 Price per share or value of transaction 14 Date and place of transaction US$230,000 21 February 2007, Dublin 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) 21 February 2006 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 21 February 2006 Options are exercisable in four equal installments: on 1 January 2008, 1 January 2009, 1 January 2010 and 1 January 2011. Options expire 1 January 2017. 19 Total amount paid (if any) for grant of the 20 Description of shares or debentures involved (class option and number) Nil Option to acquire 106,371Ordinary Shares as represented by American Depository Shares 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 894,327 $13.95 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: 22 February 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 required by the Market Abuse Rules and 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. (25) An issuer making a notification in respect of a transaction relating tothe shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. (26) 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 and 24. (27) An issuer making a notification in respect of options granted to adirector/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. (28) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete 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 Kelly Martin 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 Options over 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 Grant of Options As in 3 above 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) 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) 13 Price per share or value of transaction 14 Date and place of transaction 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) 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 21 February 2006 Options are exercisable in four equal installments: on 1 January 2008, 1 January 2009, 1 January 2010 and 1 January 2011. Options expire 1 January 2017. 19 Total amount paid (if any) for grant of the 20 Description of shares or debentures involved (class option and number) Nil Option to acquire 494,855 Ordinary Shares as represented by American Depository Shares 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 3,584,855 $13.95 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: 22 February 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 required by the Market Abuse Rules and 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. (29) An issuer making a notification in respect of a transaction relating tothe shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. (30) 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 and 24. (31) An issuer making a notification in respect of options granted to adirector/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. (32) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete 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 Laurence Crowley As in 3 above Alan Gillespie Ann Gray Gary Kennedy Kieran McGowan Kyran McLoughlin William R. Rohn Dennis Selkoe 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 Options over 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 Grant of 10,000 Options to each director As in 3 above 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) 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) 13 Price per share or value of transaction 14 Date and place of transaction 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) 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 21 February 2007 Options are exercisable on 21 February 2009. 19 Total amount paid (if any) for grant of the 20 Description of shares or debentures involved option (class and number) Nil Option to acquire 10,000 Ordinary Shares as represented by American Depository Shares 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 Laurence Crowley 82,500 $13.95 Alan Gillespie 82,500 Ann Maynard Gray 72,500 Gary Kennedy 35,000 Kieran McGowan 82,500 Kyran McLoughlin 82,500 William R. Rohn 30,000 Dennis Selkoe 82,500 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: 22 February 2006 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 required by the Market Abuse Rules and 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. (33) An issuer making a notification in respect of a transaction relating tothe shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. (34) 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 and 24. (35) An issuer making a notification in respect of options granted to adirector/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. (36) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete 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 exercise of 40,000 share options and sale of 40,000 shares As in 3 above 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) 40,000 at $2.11 0.01% 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) 40,000 Shares 0.01% 13 Price per share or value of transaction 14 Date and place of transaction $15.00 21 February 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) 22 February 2007 33,496 (0.01%) 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: 22 February 2007 This announcement has been issued through the Companies Announcement Service of the Irish Stock Exchange. 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