Paddy Power plc
26 May 2006
SCHEDULE 11
Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and Connected Persons
All relevant boxes should be completed in block capital letters
1 Name of the Issuer 2 State whether the notification relates to:
Paddy Power 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).
2 (iii)
3 Name of person discharging managerial responsibilities/ 4 State whether notification relates to a person
director connected with a person discharging managerial
responsibilities/director named in 3 and identify the
Jack Massey connected person
5 Indicate whether the notification is in respect of a 6 Description of shares (including class) debentures or
holding of the person referred to in 3 or 4 above or in derivatives or financial instruments relating to
respect of a non-beneficial interest shares
(i) Ordinary shares
(ii) Ordinary shares
7 Name or registered shareholder(s) and, if more than one, 8 State the nature of the transaction
number of shares held by each of them Notification is in respect of a conditional grant of
35,000 shares made on 25th May 2006 to the person
referred to in 3 above. These shares will vest in
2009 subject to the achievement of the performance
criteria as defined in the Paddy Power plc 2004 Long
Term Incentive Plan.
9 Number of shares, debentures or financial instruments 10 Percentage of issued class acquired (treasury shares
relating to shares acquired of that class should not be taken into account when
calculating percentage)
11 Number of shares, debentures or financial instruments 12 Percentage of issued class disposed (treasury shares
relating to shares disposed of that class should not be taken into account when
calculating percentage)
13 Price per share or value of transaction 14 Date and place of transaction
15 Total holding following notification and total percentage 16 Date issuer informed of transaction
holding following notification (any treasury shares should
not be taken into account when calculating percentage)
Jack Massey holds 5,000 ordinary shares of €0.10 each 25 May 2006
representing 0% of the issued share capital of the Company.
Under the Paddy Power plc 2004 Long term incentive plan
Jack Massey holds conditional awards of 35,000 shares which
will vest in 2009, subject to the achievement of the
performance criteria as defined in the 2004 Paddy Power plc
Long Term Incentive Plan.
If a person discharging managerial responsibilities has been granted options by
the 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 of the option 20 Description of shares or debentures involved (class
and number)
21 Exercise price (if fixed at time of grant) or indication that 22 Total number of shares or debentures over which
the price is to be fixed at the time of exercise options are held following notification
23 Any additional information 24 Name of contact and telephone number for queries
Nuala Hunt, Company Secretary
353-1-404-5927
Name and signature of authorised officer of issuer responsible for making notification
____________________________________________________
Date of notification ___________________________________
Notes: This form is intended for use by an issuer to make a RIS notification
required by (the Market Abuse Rules1 and) 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.
(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.
1 Please note that the requirement to make a notification under the Market Abuse
Rules does not apply until 1 October 2005. Schedule 11 may be subject to
amendment prior to 1 October 2005 to bring it in line with the Financial
Regulator's 'Notification of Transactions of Directors/Persons Discharging
Managerial Responsibility and Connected Persons' under the Market Abuse
Disclosure Rules.
This information is provided by RNS
The company news service from the London Stock Exchange
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Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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