3 Aug 2016 10:05
INDIVIOR PLC (the 'Company')
NOTIFICATION OF TRANSACTIONS BY DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
The Company announces that on August 2, 2016 it made a conditional award ('Award') over ordinary shares of US$0.10 in the Company ('Shares') under the terms of the Indivior Long-Term Incentive Plan (the 'LTIP') to a person discharging managerial responsibilities ('PDMR'), as set out below:
Name | Maximum number of Shares under Award |
Ingo Elfering | 99,733 |
The vesting of the Award is subject to the rules of the LTIP and is conditional upon continued employment and the achievement of performance conditions. The performance conditions applicable to the Award are based on (1) key pipeline milestones; (2) Relative Total Shareholder Return ("TSR") to the TSR of the constituents of the FTSE250 (excluding investment trusts); and (3) Relative TSR to the TSR constituents of the S&P1500 Pharmaceutical and Biotech Index (one-third weighting for each measure).
The number of Shares under the Award that will vest will depend upon the extent to which the performance conditions have been achieved.
No consideration was payable on the grant of the Award. The Award will normally vest on the third anniversary of the Award date.
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
1. | Details of PDMR / person closely associated with them ('PCA') | |||||
a) | Name | Ingo Elfering | ||||
b) | Position / status | Chief Information Officer | ||||
c) | Initial notification / amendment | Initial Notification | ||||
2. | Details of the issuer | |||||
| Name | Indivior PLC | ||||
3. | 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 | Ordinary Shares of US$0.10 ISIN: GB00BRS65X63 | ||||
b) | Nature of the transaction | Award over Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information Aggregated volume Price | 99,733 Ordinary Shares £2.8162 | ||||
e) | Date of the transaction | 02/08/2016 | ||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
Kathryn Hudson
Company Secretary
Indivior (INDV)