Director/PDMR Shareholding

RNS Number : 8665G

Paddy Power plc

18 May 2011

 



Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

Notes:           This form is intended for use by an issuer to make a RIS notification required by the Market Abuse Rules 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.

All relevant boxes should be completed in block capital letters

1	Name of the Issuer PADDY POWER PLC	2	State whether the notification relates to: (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). NOTIFICATION RELATES TO (III) ABOVE
3	Name of person discharging managerial responsibilities/director PATRICK KENNEDY (DIRECTOR)	4	State whether notification realties to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person N/A
5	Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest NOTIFICATION REFERS TO AN INTEREST OF THE PERSON NAMED AT 3 ABOVE.	6	Description of shares (including class) debentures or derivatives or financial instruments relating to shares ORDINARY SHARES OF €0.10 EACH
7	Name or registered shareholder(s) and, if more than one, number of shares held by each of them N/A	8	State the nature of the transaction GRANT OF AWARD UNDER THE PADDY POWER PLC 2004 LONG TERM INCENTIVE PLAN
9	Number of shares, debentures or financial instruments relating to shares acquired N/A	10	Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating  percentage) N/A
11	Number of shares, debentures or financial instruments relating to shares disposed N/A	12	Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating  percentage) N/A
13	Price per share or value of transaction N/A	14	Date and place of transaction 17 MAY 2011
15	Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) N/A	16	Date issuer informed of transaction 17 MAY 2011

If a person discharging managerial responsibilities has been granted options by the issuer, complete the following boxes:

17	Date of grant 17 MAY 2011	18	Period during which or date on which it can be exercised THE AWARD WILL VEST IN 2014 AT THE EARLIEST SUBJECT TO SPECIFIC PERFORMANCE CONDITIONS BASED ON THE GROWTH IN ADJUSTED BASIC EARNINGS PER SHARE BEING ACHIEVED
19	Total amount paid (if any) for grant of the option NIL	20	Description of shares or debentures involved (class and number) 1,500 ORDINARY SHARES OF €0.10 EACH
21	Exercise price (if fixed at time of grant) or indication that the price is to be fixed at the time of exercise N/A	22	Total number of shares or debentures over which options are held following notification LTIP 320,000/SAYE 3,021
23	Any additional information	24	Name of contact and telephone number for queries DAVID JOHNSTON + 353 1 656 3930

Name and signature of authorised officer of issuer responsible for making notification Mr David Johnston, Secretary ____________________________________________________ Date of notification: 18 May 2011 ___________________________________

 

END

 

 

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