Director/PDMR Shareholding

RNS Number : 5309M

Glanbia PLC

27 August 2013

 



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	Glanbia plc
2	Name of person discharging managerial responsibilities	John Moloney
3	State whether notification relates to a person closely associated with a person discharging managerial responsibilities named in 2 and identify the connected person	Not applicable
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 is in respect of a holding of the person referred to in 2.
5	Description of shares or derivatives or other financial instruments linked to them	Ordinary shares of €0.06 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	The details in respect of each of the numbered transactions in 7 below are as follows: (1) Davycrest Nominees - (Exercise of Options) (2) Davycrest Nominees  (Sale of Shares)
7	State the nature of the transaction	1) Exercise of option entitlement pursuant to the Glanbia plc 2002 Long Term Incentive Plan - 70,000 ordinary shares of €0.06 each (2) Sale of 70,000 ordinary shares of €0.06 each
8	Number of shares, derivatives or other financial instruments linked to them acquired	The details in respect of each of the numbered transactions in 7 above are as follows: (1) 70,000 (Exercise of Options) (2) Not applicable (Sale of Shares)
9	Number of shares, derivatives  or other financial instruments linked to them  disposed of	The details in respect of each of the numbered transactions in 7 above are as follows: (1) Not applicable (Exercise of Options) (2) 70,000 Ordinary Shares
10	Price per share or derivative or other financial instrument linked to them or value of transaction	The details in respect of each of the numbered transactions in 7 above are as follows: (1) EUR715,050 (Market Value of shares on date prior to exercise - exercise price paid by John Moloney - EUR282,100) (2) EUR707,290.01
11	Date and place of transaction	The details in respect of each of the numbered transactions in 7 above are as follows: (1)  23 August 2013 - Dublin (2)  23 August 2013 - Dublin
12	Date issuer informed of transaction	The details in respect of each of the numbered transactions in 7 above are as follows: (1) 27 August 2013 (2)  27 August 2013
13	Any additional information	Not applicable
14	Name of contact and telephone number for queries	Michael Horan, [phone]
	Person authorised on behalf of the issuer responsible for making the notification Michael Horan Date of notification: 27 August 2013

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)	(1)  and (2) -  John Moloney
16	State whether the notification relates to a single transaction being notified in accordance with the Market Abuse Rules and ISE LR 6.10	1) Notification is in respect of the exercise of an option entitlement pursuant to the Glanbia plc 2002 Long Term Incentive Plan - 70,000 ordinary shares of €0.06 each (2) Sale of 70,000 ordinary shares of €0.06 each Two transactions being notified in accordance with the Market Abuse Rules and ISE LR 6.10
17	Description of class of share	Ordinary shares of €0.06 each
18	Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating  percentage)	The details in respect of each of the numbered transactions in 7 above are as follows: (1) Not material less than 1% (2) Not applicable
19	Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating  percentage)	The details in respect of each of the numbered transactions in 7 above are as follows: (1)  Not applicable (2) Not material less than 1%
20	Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)	254,091 ordinary shares of €0.06 each Award in respect of up to 150,000 ordinary shares of €0.06 each may vest under the 2008 Glanbia plc Long Term Incentive Plan - Award date - 28 March 2011 Award in respect of up to 141,000 ordinary shares of €0.06 each may vest under the 2008 Glanbia plc Long Term Incentive Plan - Award date - 30 August 2012 Award in respect of up to 88,500 ordinary shares of €0.06 each may vest under the 2008 Glanbia plc Long Term Incentive Plan - Award date - 23 April 2013 Percentage Holding: Not material, less than 1%

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	Not applicable
22	Period during which or date on which it can be exercised	Not applicable
23	Total amount paid (if any) for grant of the option	Not applicable
24	Description of shares involved (class and number)	Not applicable
25	Exercise price (if fixed at time of grant) or indication that the price is to be fixed at the time of exercise	Not applicable
26	Total number of shares over which options are held following notification	Not applicable

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.

 

END

 

 

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