TIDMINDV

RNS Number : 8475Q

Indivior PLC

02 March 2021

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 1, 2021 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 
-----------------------------  ------------------------------ 
 Mark Crossley                           1,500,000 
                               ------------------------------ 
 Ryan Preblick                           1,068,329 
                               ------------------------------ 
 Executive Committee members 
-----------------------------  ------------------------------ 
 Cindy Cetani                             601,769 
                               ------------------------------ 
 Jon Fogle                                968,173 
                               ------------------------------ 
 Murali Gopal                             726,130 
                               ------------------------------ 
 Christian Heidbreder                    1,224,126 
                               ------------------------------ 
 Kathryn Hudson                           213,472 
                               ------------------------------ 
 Richard Simkin                          1,491,209 
                               ------------------------------ 
 Hillel West                              698,637 
                               ------------------------------ 
 

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') versus the FTSE 250 excluding investment trusts and (2) relative TSR versus 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 1, 2021 it granted an Award over Shares under the Rules of the LTIP to the PDMR set out below:

 
 Name                         Number of Shares under Award 
                              ---------------------------- 
 Executive Committee member 
----------------------------  ---------------------------- 
 Kathryn Hudson                          53,368 
                              ---------------------------- 
 

The vesting of this Award 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 UK 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 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 the             Ordinary Shares of US$0.10 
       financial instrument, 
       type of instrument 
                                      GB00BRS65X63 
       Identification code 
     -----------------------------  ------------------------------------ 
 b)   Nature of the transaction      Award over Ordinary Shares 
     -----------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)           Price(s)    Volume(s) 
                                        N/A         1,500,000 
                                                   ---------- 
     -----------------------------  ------------------------------------ 
 d)   Aggregated information 
                                       N/A 
       - Aggregated volume 
 
       - Price 
     -----------------------------  ------------------------------------ 
 e)   Date of the transaction        March 1, 2021 
     -----------------------------  ------------------------------------ 
 f)   Place of the transaction       Outside a trading venue 
     -----------------------------  ------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                           Ryan Preblick 
     -----------------------------  ------------------------------------ 
 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 the             Ordinary Shares of US$0.10 
       financial instrument, 
       type of instrument 
                                      GB00BRS65X63 
       Identification code 
     -----------------------------  ------------------------------------ 
 b)   Nature of the transaction      Award over Ordinary Shares 
     -----------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)           Price(s)    Volume(s) 
                                        N/A         1,068,329 
                                                   ---------- 
     -----------------------------  ------------------------------------ 
 d)   Aggregated information 
                                       N/A 
       - Aggregated volume 
 
       - Price 
     -----------------------------  ------------------------------------ 
 e)   Date of the transaction        March 1, 2021 
     -----------------------------  ------------------------------------ 
 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         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 the           Ordinary Shares of US$0.10 
       financial instrument, 
       type of instrument 
                                    GB00BRS65X63 
       Identification code 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Award over Ordinary Shares 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)    Volume(s) 
                                      N/A         601,769 
                                                 ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
                                     N/A 
       - Aggregated volume 
 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      March 1, 2021 
     ---------------------------  -------------------------------------- 
 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         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 the           Ordinary Shares of US$0.10 
       financial instrument, 
       type of instrument 
                                    GB00BRS65X63 
       Identification code 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Award over Ordinary Shares 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)    Volume(s) 
                                      N/A         968,173 
                                                 ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
                                     N/A 
       - Aggregated volume 
 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      March 1, 2021 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     Outside a trading venue 
     ---------------------------  -------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Murali Gopal 
     -------------------------------  ---------------------------------- 
 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 the               Ordinary Shares of US$0.10 
       financial instrument, 
       type of instrument 
                                        GB00BRS65X63 
       Identification code 
     -------------------------------  ---------------------------------- 
 b)   Nature of the transaction        Award over Ordinary Shares 
     -------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          N/A         726,130 
                                                     ---------- 
     -------------------------------  ---------------------------------- 
 d)   Aggregated information 
                                         N/A 
       - Aggregated volume 
 
       - Price 
     -------------------------------  ---------------------------------- 
 e)   Date of the transaction          March 1, 2021 
     -------------------------------  ---------------------------------- 
 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            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 the              Ordinary Shares of US$0.10 
       financial instrument, 
       type of instrument 
                                       GB00BRS65X63 
       Identification code 
     ------------------------------  ----------------------------------- 
 b)   Nature of the transaction       Award over Ordinary Shares 
     ------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         N/A         1,224,126 
                                                    ---------- 
     ------------------------------  ----------------------------------- 
 d)   Aggregated information 
                                        N/A 
       - Aggregated volume 
 
       - Price 
     ------------------------------  ----------------------------------- 
 e)   Date of the transaction         March 1, 2021 
     ------------------------------  ----------------------------------- 
 f)   Place of the transaction        Outside a trading venue 
     ------------------------------  ----------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Kathryn Hudson 
     --------------------------------  --------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status                   PDMR - Company Secretary 
     --------------------------------  --------------------------------- 
 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 the                Ordinary Shares of US$0.10 
       financial instrument, 
       type of instrument 
                                         GB00BRS65X63 
       Identification code 
     --------------------------------  --------------------------------- 
 b)   Nature of the transaction         Award over Ordinary Shares 
     --------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           N/A         213,472 
                                                      ---------- 
     --------------------------------  --------------------------------- 
 d)   Aggregated information 
                                          N/A 
       - Aggregated volume 
 
       - Price 
     --------------------------------  --------------------------------- 
 e)   Date of the transaction           March 1, 2021 
     --------------------------------  --------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  --------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Kathryn Hudson 
     --------------------------------  --------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status                   PDMR - Company Secretary 
     --------------------------------  --------------------------------- 
 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 the                Ordinary Shares of US$0.10 
       financial instrument, 
       type of instrument 
                                         GB00BRS65X63 
       Identification code 
     --------------------------------  --------------------------------- 
 b)   Nature of the transaction         Award over Ordinary Shares 
     --------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           N/A         53,368 
                                                      ---------- 
     --------------------------------  --------------------------------- 
 d)   Aggregated information 
                                          N/A 
       - Aggregated volume 
 
       - Price 
     --------------------------------  --------------------------------- 
 e)   Date of the transaction           March 1, 2021 
     --------------------------------  --------------------------------- 
 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 & 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 the            Ordinary Shares of US$0.10 
       financial instrument, 
       type of instrument 
                                     GB00BRS65X63 
       Identification code 
     ----------------------------  ------------------------------------- 
 b)   Nature of the transaction     Award over Ordinary Shares 
     ----------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)          Price(s)    Volume(s) 
                                       N/A         1,491,209 
                                                  ---------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information 
                                      N/A 
       - Aggregated volume 
 
       - Price 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       March 1, 2021 
     ----------------------------  ------------------------------------- 
 f)   Place of the transaction      Outside a trading venue 
     ----------------------------  ------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                          Hillel West 
     ----------------------------  ------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status               PDMR - Chief Manufacturing & 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 the            Ordinary Shares of US$0.10 
       financial instrument, 
       type of instrument 
                                     GB00BRS65X63 
       Identification code 
     ----------------------------  ------------------------------------- 
 b)   Nature of the transaction     Award over Ordinary Shares 
     ----------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)          Price(s)    Volume(s) 
                                       N/A         698,637 
                                                  ---------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information 
                                      N/A 
       - Aggregated volume 
 
       - Price 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       March 1, 2021 
     ----------------------------  ------------------------------------- 
 f)   Place of the transaction      Outside a trading venue 
     ----------------------------  ------------------------------------- 
 

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

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