18 Apr 2016 09:39
Notification of Transactions of (1) Persons Discharging Managerial Responsibility and (2) Persons closely associated with Persons Discharging Managerial Responsibility
This form is intended for use by an issuer making a notification required by Rules 7.2 and 7.3 of the Central Bank of Ireland's Market Abuse Rules in relation to a person falling within either of the above categories of individual. These categories are defined in Regulation 12 (8) of the Market Abuse (Directive 2003/6/EC) Regulations 2005 and are detailed as part of this form.
All relevant boxes should be completed in block capital letters.
1 | Name of the Issuer
Independent News & Media PLC | 2 | Name of person discharging managerial responsibilities Robert Pitt |
3 | State whether notification relates to a person closely associated with a person discharging managerial responsibilities named in 2 and identify the connected person
No | 4 | Indicate whether the notification is in respect of a holding of the person referred to in 2 or 3 above or in respect of a non-beneficial interest
Notification relates to person named in box 2 above |
5 | Description of shares or derivatives or other financial instruments linked to them
Options over Ordinary Shares of nominal value €0.01 each | 6 | Name of registered shareholder(s) and, if more than one, number of shares or derivatives or other financial instruments linked to them, held by each shareholder
As in box 2 |
7 | State the nature of the transaction
Award of options in accordance with the terms of the 2014 Long Term Incentive Plan | 8 | Number of shares, derivatives or other financial instruments linked to them acquired
Options over 1,433,556 Ordinary Shares |
9 | Number of shares, derivatives or other financial instruments linked to them disposed of
n/a | 10 | Price per share or derivative or other financial instrument linked to them or value of transaction
Nominal value of the Ordinary Shares |
11 | Date and place of transaction 15 April, 2016, Dublin | 12 | Date issuer informed of transaction 15 April, 2016 |
13 | Any additional information
Vesting of awards is subject to 3 year performance criteria set by Remuneration Committee | 14 | Name of contact and telephone number for queries Michael Doorly Company Secretary Tel: + 353 1 4663200 |
Person authorised on behalf of the issuer responsible for making the notification_____Michael Doorly, Company Secretary___________________________________
Date of notification _______15 April, 2016______________________ | |||
Information required under Irish Stock Exchange Listing Rule 6.10
The following additional information is required to be disclosed under ISE Listing Rule 6.10 in respect of interests in securities of a director or secretary or their connected persons. An issuer is not being required to submit the information below to the Central Bank in respect of any PDMR who is also a director/secretary/connected persons.
15 | Name of director or secretary (if not required to be stated in box 2)
As in box 2 | 16 | State whether the notification relates to a single transaction being notified in accordance with the Market Abuse Rules and ISE LR 6.10
Yes |
17 | Description of class of share
As in box 5 | 18 | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
n/a
|
19 | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
n/a
| 20 | Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
n/a |
If a person whose interests are required to be disclosed under ISE Listing Rule 6.10 has been granted options by the issuer, please complete the following boxes:
21 | Date of grant 15 April, 2016 | 22 | Period during which or date on which it can be exercised 15 April, 2016 to 15 April, 2019 |
23 | Total amount paid (if any) for grant of the option Nil | 24 | Description of shares involved (class and number)
Options over 1,433,556 Ordinary Shares of nominal value €0.01 each |
25 | Exercise price (if fixed at time of grant) or indication that the price is to be fixed at the time of exercise Nominal value of the Ordinary Shares | 26 | Total number of shares over which options are held following notification 6,863,420 |
Name and signature of duly designated officer of issuer responsible for making notification
___ ___________________________________________
Date of notification _____15 April, 2016________________________ | |||
The duly designated officer of the issuer responsible for making this notification acknowledges and confirms that he/she is aware that the information as has been provided in response to the questions 15 to 26 above is not information which has been required by or which has been requested by the Central Bank, and is information which is required to be provided to the Irish Stock Exchange only.