Independent News & Media Regulatory News (INM)

7 May 2008 07:00

Independent News & Media PLC06 May 2008 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 transaction relating to 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 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 granted to a director /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: Independent News & Media 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). (iii) Name of person discharging State whether notification managerial responsibilities/ relates to a person connected director with a person discharging managerial responsibilities/ director named in 3 and identify the connected person Sir Anthony O' Reilly 5 Indicate whether the 6 Description of shares notification is in respect (including class) debentures of a holding of the person or derivatives or financial referred to in 3 or 4 above instruments relating to shares or in respect of a non-beneficial interest Director referred to in Ordinary Shares number 3 above 7 Name of registered 8 State the nature of the shareholder(s) and, if more transaction than one, number of shares held by each of them Indexia Holdings Ltd Purchase of Shares 200,093,082 Cartson Holdings Ltd 31,097,948 9 Number of shares, debentures 10 Percentage of issued class or financial instruments acquired (treasury shares of relating to shares acquired that class should not be taken into account when calculating percentage) 500,000 0.06% 11 Number of shares, debentures 12 Percentage of issued class or financial instruments disposed (treasury shares of relating to shares disposed that class should not be taken into account when calculating percentage) 13 Price per share or value of 14 Date and place of transaction transaction €2.05 each 6 May 2008, Dublin 15 Total holding following 16 Date issuer informed of notification and total transaction percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 231,691,030 6 May 2008 27.88% 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 20 Description of shares or grant of the option debentures involved (class and number) 21 Exercise price (if fixed at time 22 Total number of shares or of grant) or indication that the debentures over which price is to be fixed at the time options are held of exercise following notification 23 Any additional information 24 Name of contact and telephone number for queries Indexia Holdings Ltd and Cartson Andrew Donagher Holdings Ltd are owned by Sir Anthony O' Reilly. The total directors' holdings are 29.36% +353 1 4663200 Name and signature of duly designated officer of issuer responsible formaking notification Andrew Donagher, Company Secretary Date of notification 6 May 2008 This information is provided by RNS The company news service from the London Stock Exchange