Director/PDMR Shareholding

RNS Number : 3689Y

Indivior PLC

16 May 2016

 

INDIVIOR PLC (the 'Company' or 'Indivior')

NOTIFICATION OF TRANSACTIONS BY DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

The notifications below were received under Paragraph 3.1.2. of the Disclosure and Transparency Rules.

The Company announces that it was notified on May 16, 2016 of the following changes to the interests of its directors and persons discharging managerial responsibility ('PDMR') in the Ordinary Shares of $0.10 each in the Company (the 'Shares').

In accordance with the rules of the Indivior Long-Term Incentive Plan (the 'Indivior LTIP'), on May 11, 2016 the directors and PDMRs named below received Shares following the vesting of conditional awards granted on December 29, 2014 (see note 1) as set below:

Name of Director*/PDMR	Number of Shares Received	Type of Award	Number of Shares sold (to cover tax liabilities)	Number of Shares retained
Shaun Thaxter*	462,543 177,000	Conditional Award Conditional Award	221,186 84,641	241,357 92,359
Dr Tim Baxter	33,038	Conditional Award	15,799	17,239
Mark Crossley	105,724	Conditional Award	50,557	55,167
Tony Goodman	105,724	Conditional Award	50,557	55,167
Dr Christian Heidbreder	105,724	Conditional Award	50,557	55,167
Javier Rodriguez	16,519	Conditional Award	7,900	8,619
Richard Simkin	214,752 106,200	Conditional Award Conditional Award	102,694 50,785	112,058 55,415
Frank Stier	33,038	Conditional Award	15,567	17,471

Note 1 - the Conditional Awards granted under the Indivior LTIP were made on December 29, 2014 following the demerger of the Company from Reckitt Benckiser Group plc ('RB') pursuant to an irrevocable form of election under which certain executives, who moved from RB to the Company on demerger elected to convert RB options and awards granted in December 2012 under RB's Long-Term Incentive Plan into awards and options over Shares in the Company awarded under the Indivior LTIP.

Shares were sold in London between May 11 and 12, 2016 at an average price of £1.556395 pence per share.

Following these transactions, the directors and PDMRs have a beneficial interest in the following number of Shares (see note 2):

Name	Number of Shares
Shaun Thaxter	833,716
Dr Tim Baxter	21,488
Mark Crossley	124,192
Tony Goodman	75,167
Dr Christian Heidbreder	55,167
Javier Rodriguez	21,979
Richard Simkin	170,866
Frank Stier	33,087

Note 2 - these holdings include Shares held in the form of American Depositary Receipts (ADRs).  The Company has a sponsored Level 1 American Depositary Receipt (ADR) facility in the United States, with each ADR representing five ordinary shares of US$0.10 each in the Company ('Shares').  ADRs are traded on the US over-the-counter market.

Kathryn Hudson

Company Secretary

 

END

 

 

DSHGGUCCAUPQGPQ