Director/PDMR Shareholding

RNS Number : 7125G

Indivior PLC

05 March 2015

 



Indivior PLC

("the Company" / "Indivior")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

In accordance with Disclosure and Transparency Rule 3.1.4R(1), the Company announces that it received notification on 4 March 2015 of the following changes in share interests of its persons discharging managerial responsibilities ("PDMRs"):

	No of ordinary shares of US$0.10 in the capital of Indivior PLC
	Award of Performance Shares
PDMRs	No. of shares at on-Target opportunity	No. of shares at Maximum opportunity
Timothy Baxter	219,230	438,460
Debby Betz	144,230	288,460
Mark Crossley	196,153	392,306
Jon Fogle	196,153	392,306
Tony Goodman	196,153	392,306
Christian Heidbreder	408,653	817,306
Javier Rodriguez	384,615	769,230
Richard Simkin	456,730	913,460
Frank Stier	146,960	293,920

The grant of performance shares was made by the Company on 26 February 2015. The awards were granted in accordance with the rules of the Indivior Long-Term Incentive Plan. The vesting of these awards is three years from grant and is conditional on continued employment with the Indivior Group.

The performance conditions for half of the awards are based on absolute TSR targets which will require the business to broadly double in size over the three year performance period for awards to vest in full. The other half of the awards is subject to the achievement of key pipeline milestones. Indivior's pipeline is fundamental to the success of its business going forward and therefore the achievement of these goals is essential to creating a successful and sustainable business.  The Indivior Long-Term Incentive Plan includes malus and clawback provisions. 

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