Last checked at 2 Mar 2021 13:00
INDIVIOR 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 March 1, 2021 it granted Conditional Awards ('Awards') over Ordinary Shares of US$0.10 each in the Company ('Shares') under the Indivior Long-Term Incentive Plan ('LTIP') to the PDMRs set out below:
Name | Maximum number of Shares under Award |
Executive Directors | |
Mark Crossley | 1,500,000 |
Ryan Preblick | 1,068,329 |
Executive Committee members | |
Cindy Cetani | 601,769 |
Jon Fogle | 968,173 |
Murali Gopal | 726,130 |
Christian Heidbreder | 1,224,126 |
Kathryn Hudson | 213,472 |
Richard Simkin | 1,491,209 |
Hillel West | 698,637 |
The vesting of the Awards is subject to the Rules of the LTIP and upon continued employment and the achievement of performance conditions. The performance conditions applicable to the Awards are based on (1) relative Total Shareholder Return ('TSR') versus the FTSE 250 excluding investment trusts and (2) relative TSR versus 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 Company also announces that on March 1, 2021 it granted an Award over Shares under the Rules of the LTIP to the PDMR set out below:
Name | Number of Shares under Award |
Executive Committee member | |
Kathryn Hudson | 53,368 |
The vesting of this Award is subject is subject to the Rules of the LTIP and upon continued employment.
No consideration is payable either on the grant or vesting of the Awards. The Awards granted to the Executive Directors will normally vest on the third anniversary of the Award date and are then subject to a further two-year holding period before the Shares are released. The Awards granted to the Executive Committee members will normally vest on the third anniversary of the Award date.
This notification is made in accordance with the requirements of the UK 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 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
Identification code
| Ordinary Shares of US$0.10
GB00BRS65X63 | ||||
b)
| Nature of the transaction
| Award over Ordinary Shares
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A | ||||
e)
| Date of the transaction
| March 1, 2021 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| Ryan Preblick | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director / PDMR - Chief Financial 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)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A | ||||
e)
| Date of the transaction
| March 1, 2021 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| Cindy Cetani | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR - Chief Integrity and Compliance 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)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A | ||||
e)
| Date of the transaction
| March 1, 2021 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| Jon Fogle | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR - Chief Human Resources 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)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A | ||||
e)
| Date of the transaction
| March 1, 2021 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| Murali Gopal | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR - Chief Medical 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)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A | ||||
e)
| Date of the transaction
| March 1, 2021 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| Christian Heidbreder | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR - Chief Scientific 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)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A | ||||
e)
| Date of the transaction
| March 1, 2021 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| Kathryn Hudson | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR - Company Secretary | ||||
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)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A | ||||
e)
| Date of the transaction
| March 1, 2021 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| Kathryn Hudson | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR - Company Secretary | ||||
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)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A | ||||
e)
| Date of the transaction
| March 1, 2021 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| Richard Simkin | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR - Chief Commercial & Strategy 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)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A | ||||
e)
| Date of the transaction
| March 1, 2021 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| Hillel West | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR - Chief Manufacturing & Supply 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)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A | ||||
e)
| Date of the transaction
| March 1, 2021 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
Indivior PLC's Legal Entity Identifier code is 213800V3NCQTY7IED471.