TIDMINDV

RNS Number : 4651H

Indivior PLC

12 March 2018

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 9, 2018 it made Conditional Awards ('Awards') over Ordinary Shares of US$0.10 each in the Company ('Shares') under the Rules of the Indivior Long-Term Incentive Plan ('LTIP') to the PDMRs set out below:

 
 Name                   Maximum number of Shares 
                               under Award 
----------------------  ------------------------ 
 Executive Directors 
----------------------  ------------------------ 
 Shaun Thaxter                  729,617 
----------------------  ------------------------ 
 Mark Crossley                  452,209 
----------------------  ------------------------ 
 Executive Committee 
  members 
----------------------  ------------------------ 
 Debby Betz                     174,666 
----------------------  ------------------------ 
 Ingo Elfering                  218,100 
----------------------  ------------------------ 
 Jon Fogle                      203,893 
----------------------  ------------------------ 
 Christian Heidbreder           424,777 
----------------------  ------------------------ 
 Javier Rodriguez               399,790 
----------------------  ------------------------ 
 Richard Simkin                 522,867 
----------------------  ------------------------ 
 Frank Stier                    182,119 
----------------------  ------------------------ 
 Ponni Subbiah                  205,529 
----------------------  ------------------------ 
 

The vesting of the 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); (2) Relative TSR to the TSR constituents of the S&P1500 Pharmaceutical and Biotech Index (one-third weighting for each measure); and (3) Key Pipeline and Product Targets.

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

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      Initial notification 
       /Amendment 
---  ------------------------  --------------------------- 
 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            Ordinary Shares of US$0.10 
       the financial 
       instrument, type 
       of instrument             GB00BRS65X63 
 
       Identification 
       code 
---  ------------------------  --------------------------- 
 b)   Nature of the             Award over Ordinary Shares 
       transaction 
---  ------------------------  --------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
                                   N/A         729,617 
                                  ----------  ---------- 
---  ------------------------  --------------------------- 
 d)   Aggregated information 
                                  N/A 
       - Aggregated 
       volume 
 
 
       - Price 
---  ------------------------  --------------------------- 
 e)   Date of the transaction   March 9, 2018 
---  ------------------------  --------------------------- 
 f)   Place of the              Outside a trading venue 
       transaction 
---  ------------------------  --------------------------- 
 
 
 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      Initial notification 
       /Amendment 
---  ------------------------  --------------------------- 
 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            Ordinary Shares of US$0.10 
       the financial 
       instrument, type 
       of instrument             GB00BRS65X63 
 
       Identification 
       code 
---  ------------------------  --------------------------- 
 b)   Nature of the             Award over Ordinary Shares 
       transaction 
---  ------------------------  --------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
                                   N/A         452,209 
                                  ----------  ---------- 
---  ------------------------  --------------------------- 
 d)   Aggregated information 
                                  N/A 
       - Aggregated 
       volume 
 
 
       - Price 
---  ------------------------  --------------------------- 
 e)   Date of the transaction   March 9, 2018 
---  ------------------------  --------------------------- 
 f)   Place of the              Outside a trading venue 
       transaction 
---  ------------------------  --------------------------- 
 
 
 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      Initial notification 
       /Amendment 
---  ------------------------  ------------------------------- 
 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            Ordinary Shares of US$0.10 
       the financial 
       instrument, type 
       of instrument             GB00BRS65X63 
 
       Identification 
       code 
---  ------------------------  ------------------------------- 
 b)   Nature of the             Award over Ordinary Shares 
       transaction 
---  ------------------------  ------------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
                                   N/A         174,666 
                                  ----------  ---------- 
---  ------------------------  ------------------------------- 
 d)   Aggregated information 
                                  N/A 
       - Aggregated 
       volume 
 
 
       - Price 
---  ------------------------  ------------------------------- 
 e)   Date of the transaction   March 9, 2018 
---  ------------------------  ------------------------------- 
 f)   Place of the              Outside a trading venue 
       transaction 
---  ------------------------  ------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------- 
 a)   Name                      Ingo Elfering 
---  ------------------------  --------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------- 
 a)   Position/status           PDMR - Chief Information 
                                 and Innovation Officer 
---  ------------------------  --------------------------- 
 b)   Initial notification      Initial notification 
       /Amendment 
---  ------------------------  --------------------------- 
 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            Ordinary Shares of US$0.10 
       the financial 
       instrument, type 
       of instrument             GB00BRS65X63 
 
       Identification 
       code 
---  ------------------------  --------------------------- 
 b)   Nature of the             Award over Ordinary Shares 
       transaction 
---  ------------------------  --------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
                                   N/A         218,100 
                                  ----------  ---------- 
---  ------------------------  --------------------------- 
 d)   Aggregated information 
                                  N/A 
       - Aggregated 
       volume 
 
 
       - Price 
---  ------------------------  --------------------------- 
 e)   Date of the transaction   March 9, 2018 
---  ------------------------  --------------------------- 
 f)   Place of the              Outside a trading venue 
       transaction 
---  ------------------------  --------------------------- 
 
 
 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      Initial notification 
       /Amendment 
---  ------------------------  ----------------------------- 
 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            Ordinary Shares of US$0.10 
       the financial 
       instrument, type 
       of instrument             GB00BRS65X63 
 
       Identification 
       code 
---  ------------------------  ----------------------------- 
 b)   Nature of the             Award over Ordinary Shares 
       transaction 
---  ------------------------  ----------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
                                   N/A         203,893 
                                  ----------  ---------- 
---  ------------------------  ----------------------------- 
 d)   Aggregated information 
                                  N/A 
       - Aggregated 
       volume 
 
 
       - Price 
---  ------------------------  ----------------------------- 
 e)   Date of the transaction   March 9, 2018 
---  ------------------------  ----------------------------- 
 f)   Place of the              Outside a trading venue 
       transaction 
---  ------------------------  ----------------------------- 
 
 
 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      Initial notification 
       /Amendment 
---  ------------------------  --------------------------- 
 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            Ordinary Shares of US$0.10 
       the financial 
       instrument, type 
       of instrument             GB00BRS65X63 
 
       Identification 
       code 
---  ------------------------  --------------------------- 
 b)   Nature of the             Award over Ordinary Shares 
       transaction 
---  ------------------------  --------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
                                   N/A         424,777 
                                  ----------  ---------- 
---  ------------------------  --------------------------- 
 d)   Aggregated information 
                                  N/A 
       - Aggregated 
       volume 
 
 
       - Price 
---  ------------------------  --------------------------- 
 e)   Date of the transaction   March 9, 2018 
---  ------------------------  --------------------------- 
 f)   Place of the              Outside a trading venue 
       transaction 
---  ------------------------  --------------------------- 
 
 
 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      Initial notification 
       /Amendment 
---  ------------------------  --------------------------- 
 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            Ordinary Shares of US$0.10 
       the financial 
       instrument, type 
       of instrument             GB00BRS65X63 
 
       Identification 
       code 
---  ------------------------  --------------------------- 
 b)   Nature of the             Award over Ordinary Shares 
       transaction 
---  ------------------------  --------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
                                   N/A         399,790 
                                  ----------  ---------- 
---  ------------------------  --------------------------- 
 d)   Aggregated information 
                                  N/A 
       - Aggregated 
       volume 
 
 
       - Price 
---  ------------------------  --------------------------- 
 e)   Date of the transaction   March 9, 2018 
---  ------------------------  --------------------------- 
 f)   Place of the              Outside a trading venue 
       transaction 
---  ------------------------  --------------------------- 
 
 
 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      Initial notification 
       /Amendment 
---  ------------------------  --------------------------- 
 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            Ordinary Shares of US$0.10 
       the financial 
       instrument, type 
       of instrument             GB00BRS65X63 
 
       Identification 
       code 
---  ------------------------  --------------------------- 
 b)   Nature of the             Award over Ordinary Shares 
       transaction 
---  ------------------------  --------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
                                   N/A         522,867 
                                  ----------  ---------- 
---  ------------------------  --------------------------- 
 d)   Aggregated information 
                                  N/A 
       - Aggregated 
       volume 
 
 
       - Price 
---  ------------------------  --------------------------- 
 e)   Date of the transaction   March 9, 2018 
---  ------------------------  --------------------------- 
 f)   Place of the              Outside a trading venue 
       transaction 
---  ------------------------  --------------------------- 
 
 
 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      Initial notification 
       /Amendment 
---  ------------------------  --------------------------- 
 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            Ordinary Shares of US$0.10 
       the financial 
       instrument, type 
       of instrument             GB00BRS65X63 
 
       Identification 
       code 
---  ------------------------  --------------------------- 
 b)   Nature of the             Award over Ordinary Shares 
       transaction 
---  ------------------------  --------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
                                   N/A         182,119 
                                  ----------  ---------- 
---  ------------------------  --------------------------- 
 d)   Aggregated information 
                                  N/A 
       - Aggregated 
       volume 
 
 
       - Price 
---  ------------------------  --------------------------- 
 e)   Date of the transaction   March 9, 2018 
---  ------------------------  --------------------------- 
 f)   Place of the              Outside a trading venue 
       transaction 
---  ------------------------  --------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------- 
 a)   Name                      Ponni Subbiah 
---  ------------------------  ----------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------- 
 a)   Position/status           PDMR - Chief Medical Officer 
---  ------------------------  ----------------------------- 
 b)   Initial notification      Initial notification 
       /Amendment 
---  ------------------------  ----------------------------- 
 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            Ordinary Shares of US$0.10 
       the financial 
       instrument, type 
       of instrument             GB00BRS65X63 
 
       Identification 
       code 
---  ------------------------  ----------------------------- 
 b)   Nature of the             Award over Ordinary Shares 
       transaction 
---  ------------------------  ----------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
                                   N/A         205,529 
                                  ----------  ---------- 
---  ------------------------  ----------------------------- 
 d)   Aggregated information 
                                  N/A 
       - Aggregated 
       volume 
 
 
       - Price 
---  ------------------------  ----------------------------- 
 e)   Date of the transaction   March 9, 2018 
---  ------------------------  ----------------------------- 
 f)   Place of the              Outside a trading venue 
       transaction 
---  ------------------------  ----------------------------- 
 

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 12, 2018 12:30 ET (16:30 GMT)

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