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Elan Corporation plc (IRSH)

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Monday 14 February, 2011

Elan Corporation plc

Director/PDMR Shareholding

Director/PDMR Shareholding

Elan Corporation plc

SCHEDULE 11

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

This form is intended for use by an issuer to make a RIS notification required by the Market Abuse Rules and section 53 (as extended by section 64 of the Companies Act 1990) or entered into the issuer’s register in accordance with section 59 of the Companies Act 1990.

(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete the boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

All relevant boxes should be completed in block capital letters

1   Name of the Issuer

 

ELAN CORPORATION, PLC

2   State whether the notification relates to:

(i) a transaction notified in accordance with Market Abuse Rules;

(ii) a disclosure made in accordance with section 53 (as extended by section 64 of the Companies Act 1990) or entered into the issuer’s register in accordance with section 59 of the Companies Act 1990; or

(iii) both (i) and (ii).

 

(iii) BOTH (i) AND (ii)

3 Name of person discharging managerial responsibilities/director

 

SHANE COOKE

4 State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

 

AS IN 3 ABOVE

5 Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

 

AS IN 3 ABOVE

6 Description of shares (including class) debentures or derivatives or financial instruments relating to shares

 

ORDINARY SHARES OF €0.05 EACH AS REPRESENTED BY AMERICAN DEPOSITORY SHARES

7 Name of registered shareholder(s) and, if more than one, number of shares held by each of them

 

AS IN 3 ABOVE

8 State the nature of the transaction

 

ACQUISITION OF SHARES ON VESTING OF RESTRICTED STOCK UNITS

9   Number of shares, debentures or financial instruments relating to shares acquired

 

 

15,958

  10   Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

 

0.0027%

11 Number of shares, debentures or financial instruments relating to shares disposed 12 Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
13 Price per share or value of transaction

 

$6.72

14 Date and place of transaction

 

11 FEBRUARY 2011,

NEW YORK STOCK EXCHANGE

15 Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

 

232,972 (0.04%)

16 Date issuer informed of transaction

 

 

 

 

11 FEBRUARY 2011

If a person discharging managerial responsibilities has been granted options by the issuer, complete the following boxes:

17   Date of grant   18   Period during which or date on which it can be exercised
19 Total amount paid (if any) for grant of the option 20 Description of shares or debentures involved (class and number)
21 Exercise price (if fixed at time of grant) or indication that the price is to be fixed at the time of exercise 22 Total number of shares or debentures over which options are held following notification
23 Any additional information

 

NONE

24 Name of contact and telephone number for queries

 

WILLIAM DANIEL: 01 709 4000

Name and signature of duly designated officer of issuer responsible for making notification

____________________________________________________

WILLIAM DANIEL - COMPANY SECRETARY

 

 

DATE OF NOTIFICATION: 14 FEBRUARY 2011


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