Independent News & Media Regulatory News (INM)

21 Dec 2006 12:36

Independent News & Media PLC21 December 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 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 transactionrelating to the shares or debentures of the issuer should complete boxes 1 to16, 23 and 24. (2) An issuer making a notification in respect of a derivativerelating 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 grantedto a director/person discharging managerial responsibilities should completeboxes 1 to 3 and 17 to 24. (4) An issuer making a notification in respect of a financialinstrument relating to the shares of the issuer (other than a debenture) shouldcomplete 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; Independent News & Media 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) 3 Name of person discharging 4 State whether notification relates managerial responsibilities/ to a person connected with a person director discharging managerial responsibilities/director named in 3 and identify the connected person Mr. Andrew Donagher 5 Indicate whether the 6 Description of shares (including notification is in respect of a class) debentures or derivatives or holding of the person referred financial instruments relating to to in 3 or 4 above or in respect shares of a non-beneficial interest In respect of No. 3 above. Ordinary shares 7 Name of registered shareholder 8 State the nature of the (s) and, if more than one, transaction number of shares held by each of them Mr. Andrew Donagher (a) Exercise of options (b) Sale of shares 9 Number of shares, debentures or 10 Percentage of issued class acquired financial instruments relating (treasury shares of that class to shares acquired should not be taken into account when calculating percentage) (a) 40,485 11 Number of shares, debentures or 12 Percentage of issued class disposed financial instruments relating (treasury shares of that class to shares disposed should not be taken into account when calculating percentage) (b) 26,300 13 Price per share or value of 14 Date and place of transaction transaction (a) Options exercised at €1.7162 (a) and (b) 20 December 2006, each Dublin (b) Shares sold at €3.00 each 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) 37,801 20 December 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 19 Total amount paid (if any) for grant 20 Description of shares or of the option debentures involved (class and number) 21 Exercise price (if fixed at time of 22 Total number of shares or grant) or indication that the price debentures over which options is to be fixed at the time of are held following exercise notification 23 Any additional information 24 Name of contact and telephone number for queries Andrew Donagher +353 1 466 3200 Name and signature of duly designated officer of issuer responsible for makingnotificationAndrew Donagher, Company SecretaryDate of notification: 21 December 2006 This information is provided by RNS The company news service from the London Stock Exchange