Director/PDMR Shareholding

RNS Number : 0394S

Indivior PLC

06 March 2019

 

INDIVIOR PLC (THE 'COMPANY')

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMR') AND PERSONS CLOSELY ASSOCIATED WITH THEM

The Company announces that on March 5, 2019 it granted Conditional Awards ('Awards') over Ordinary Shares of US$0.10 each in the Company ('Shares') under the Indivior Long-Term Incentive Plan ('LTIP') to the PDMRs set out below:

Name	Maximum number of Shares under Award
Executive Directors
Shaun Thaxter	1,905,294
Mark Crossley	1,180,880
Executive Committee members
Debby Betz	456,115
Cindy Cetani	486,978
Jon Fogle	532,438
Christian Heidbreder	1,109,246
Javier Rodriguez	1,043,997
Richard Simkin	1,365,393
Frank Stier	451,226

The vesting of these Awards is subject to the Rules of the LTIP and upon continued employment and the achievement of performance conditions.  The performance conditions applicable to the Awards are based on (1) Relative Total Shareholder Return ('TSR') to the TSR of the constituents of the FTSE 250 (excluding investment trusts) and (2) Relative TSR to the TSR constituents of the S&P1500 Pharmaceutical and Biotech Index (50% weighting for each measure).

The number of Shares under Award that will vest will depend upon the extent to which the performance conditions have been achieved.

The Company also announces that on March 5, 2019 it granted Awards over Shares under the Rules of the LTIP to the PDMRs set out below:

Name	Number of Shares under Award
Executive Committee members
Christian Heidbreder	285,408
Richard Simkin	178,380

The vesting of these Awards is subject is subject to the Rules of the LTIP and upon continued employment.

No consideration is payable either on the grant or vesting of the Awards. The Awards granted to the Executive Directors will normally vest on the third anniversary of the Award date and are then subject to a further two-year holding period before the Shares are released. The Awards granted to the Executive Committee members will normally vest on the third anniversary of the Award date.

This notification is made in accordance with the requirements of the EU Market Abuse Regulation.

Kathryn Hudson

Company Secretary

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Shaun Thaxter
2	Reason for the notification
a)	Position/status	Director / PDMR - Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Indivior PLC
b)	LEI	213800V3NCQTY7IED471
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of US$0.10 GB00BRS65X63
b)	Nature of the transaction	Award over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 1,905,294
d)	Aggregated information - Aggregated volume  - Price	N/A
e)	Date of the transaction	March 5, 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Crossley
2	Reason for the notification
a)	Position/status	Director / PDMR - Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Indivior PLC
b)	LEI	213800V3NCQTY7IED471
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of US$0.10 GB00BRS65X63
b)	Nature of the transaction	Award over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 1,180,880
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	March 5, 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Debby Betz
2	Reason for the notification
a)	Position/status	PDMR - Chief Corporate Affairs & Communications Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Indivior PLC
b)	LEI	213800V3NCQTY7IED471
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of US$0.10 GB00BRS65X63
b)	Nature of the transaction	Award over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 456,115
d)	Aggregated information - Aggregated volume  - Price	N/A
e)	Date of the transaction	March 5, 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Cindy Cetani
2	Reason for the notification
a)	Position/status	PDMR - Chief Integrity and Compliance Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Indivior PLC
b)	LEI	213800V3NCQTY7IED471
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of US$0.10 GB00BRS65X63
b)	Nature of the transaction	Award over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 486,978
d)	Aggregated information - Aggregated volume  - Price	N/A
e)	Date of the transaction	March 5, 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jon Fogle
2	Reason for the notification
a)	Position/status	PDMR - Chief Human Resources Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Indivior PLC
b)	LEI	213800V3NCQTY7IED471
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of US$0.10 GB00BRS65X63
b)	Nature of the transaction	Award over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 532,438
d)	Aggregated information - Aggregated volume  - Price	N/A
e)	Date of the transaction	March 5, 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Christian Heidbreder
2	Reason for the notification
a)	Position/status	PDMR - Chief Scientific Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Indivior PLC
b)	LEI	213800V3NCQTY7IED471
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of US$0.10 GB00BRS65X63
b)	Nature of the transaction	Award over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 1,109,246
d)	Aggregated information - Aggregated volume  - Price	N/A
e)	Date of the transaction	March 5, 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Christian Heidbreder
2	Reason for the notification
a)	Position/status	PDMR - Chief Scientific Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Indivior PLC
b)	LEI	213800V3NCQTY7IED471
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of US$0.10 GB00BRS65X63
b)	Nature of the transaction	Award over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 285,408
d)	Aggregated information - Aggregated volume  - Price	N/A
e)	Date of the transaction	March 5, 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Javier Rodriguez
2	Reason for the notification
a)	Position/status	PDMR - Chief Legal Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Indivior PLC
b)	LEI	213800V3NCQTY7IED471
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of US$0.10 GB00BRS65X63
b)	Nature of the transaction	Award over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 1,043,997
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	March 5, 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Simkin
2	Reason for the notification
a)	Position/status	PDMR - Chief Commercial and Strategy Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Indivior PLC
b)	LEI	213800V3NCQTY7IED471
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of US$0.10 GB00BRS65X63
b)	Nature of the transaction	Award over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 1,365,393
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	March 5, 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Simkin
2	Reason for the notification
a)	Position/status	PDMR - Chief Commercial and Strategy Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Indivior PLC
b)	LEI	213800V3NCQTY7IED471
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of US$0.10 GB00BRS65X63
b)	Nature of the transaction	Award over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 178,380
d)	Aggregated information - Aggregated volume  - Price	N/A
e)	Date of the transaction	March 5, 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Frank Stier
2	Reason for the notification
a)	Position/status	PDMR - Chief Manufacturing and Supply Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Indivior PLC
b)	LEI	213800V3NCQTY7IED471
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of US$0.10 GB00BRS65X63
b)	Nature of the transaction	Award over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 451,226
d)	Aggregated information - Aggregated volume  - Price	N/A
e)	Date of the transaction	March 5, 2019
f)	Place of the transaction	Outside a trading venue

Indivior PLC's Legal Entity Identifier code is 213800V3NCQTY7IED471.

 

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