Irish Continental Group plc : Director/PDMR Sha...

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   Irish Continental Group p.l.c.	2	Name of person discharging managerial responsibilities Mr. David Ledwidge
3	State whether notification relates to a person closely associated with a person discharging managerial responsibilities named in 2 and identify the connected person N/A	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   As per 2 above
5	Description of shares or derivatives or other financial instruments linked to them   ICG Units	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 Aurum Nominees Limited <C012359>
7	State the nature of the transaction   Notification of a newly appointed director's interest in 33,708 ICG Units. The director referred to in section 2 above was appointed as a director on  3 March 2016.	8	Number of shares, derivatives or other financial instruments linked to them acquired 33,708 ICG Units
9	Number of shares, derivatives  or other financial instruments linked to them  disposed of N/A	10	Price per share or derivative or other financial instrument linked to them or value of transaction N/A
11	Date and place of transaction   This notification represents the director's interests on 3 March 2016, the date of his appointment as a director of the Issuer.  Dublin.	12	Date issuer informed of transaction   3 March 2016
13	Any additional information	14	Name of contact and telephone number for queries Thomas Corcoran [phone]
	Person authorised on behalf of the issuer responsible for making the notification_________Thomas Corcoran Date of notification ____3 March 2016

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)   Mr. David Ledwidge	16	State whether the notification relates to a single transaction being notified in accordance with the Market Abuse Rules and ISE LR 6.10   Not Applicable
17	Description of class of share   ICG Units	18	Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating  percentage) <0.1%
19	Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating  percentage)   N/A	20	Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)   33,708  ICG Units

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   Option in respect of 100,000 ICG Units was granted on 19 December 2007; Option in respect of 150,000 ICG Units was granted on 26 March 2012; Option in respect of 150,000 ICG Units was granted on 26 March 2012; Option in respect of 75,000 ICG Units was granted on 5 March 2015; and Option in respect of 75,000 ICG Units was granted on 5 March 2015.   The above options were granted to the director referred to in section 15 above prior to his appointment as a director of the Issuer.	22	Period during which or date on which it can be exercised   1.  Option in respect of 100,000 ICG Units to be exercised by 18 December 2017; 2.  Option in respect of 150,000 ICG Units to be exercised by 25 March 2022; 3.  Option in respect of 150,000* ICG Units to be exercised by 25 March 2022; 4.  Option in respect of 75,000* ICG Units to be exercised by 4 March 2025; and 5.  Option in respect of 75,000* ICG Units to be exercised by 4 March 2025.    * Subject to achievement of performance conditions as per rules of the option schemes
23	Total amount paid (if any) for grant of the option Nil	24	Description of shares involved (class and number) ICG Units
25	Exercise price (if fixed at time of grant) or indication that the price is to be fixed at the time of exercise Exercise price for the above referred to options are as follows: 1. €2.132;  2. €1.57;  3.  €1.57;  4. €3.58;  5. €3.58 per ICG Unit	26	Total number of shares over which options are held following notification   550,000 ICG Units
Name and signature of duly designated officer of issuer responsible for making notification     Thomas Corcoran   Date of notification  3 March 2016

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.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Irish Continental Group plc via Globenewswire

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