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Indivior PLC (INDV)

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Thursday 08 August, 2019

Indivior PLC

Director/PDMR Shareholding

RNS Number : 4167I
Indivior PLC
08 August 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 August 8, 2019 it granted a Conditional Award ('Award') over Ordinary Shares of US$0.10 each in the Company ('Shares') under the Indivior Long-Term Incentive Plan ('LTIP') to the PDMR set out below:

Name

Maximum number of Shares under Award

Executive Director


Mark Crossley

44,222

The vesting of the Award is subject to the Rules of the LTIP and upon continued employment and the achievement of performance conditions.  The performance conditions applicable to the Award 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 Award is scheduled to vest on March 5, 2022 and will then be subject to a further two-year holding period before the Shares are released.

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

  

Mark Crossley

 

2

 

Reason for the notification

 

 

a)

 

Position/status

  

Director / PDMR - Chief Financial and Operations 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

44,222

  

 

d)

 

Aggregated information

 

- Aggregated volume

 

 - Price

 

 

N/A

 

e)

 

Date of the transaction

  

August 8, 2019

 

f)

 

Place of the transaction

 

Outside a trading venue

 

 

 

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

 

 

 


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