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Indivior PLC

Director's Dealing May 16, 2016

4923_dirs_2016-05-16_43cbab94-1c43-407a-a1c7-14e37ee25550.html

Director's Dealing

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RNS Number : 3689Y

Indivior PLC

16 May 2016

INDIVIOR PLC (the 'Company' or 'Indivior')

NOTIFICATION OF TRANSACTIONS BY DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

The notifications below were received under Paragraph 3.1.2. of the Disclosure and Transparency Rules.

The Company announces that it was notified on May 16, 2016 of the following changes to the interests of its directors and persons discharging managerial responsibility ('PDMR') in the Ordinary Shares of $0.10 each in the Company (the 'Shares').

In accordance with the rules of the Indivior Long-Term Incentive Plan (the 'Indivior LTIP'), on May 11, 2016 the directors and PDMRs named below received Shares following the vesting of conditional awards granted on December 29, 2014 (see note 1) as set below:

Name of Director*/PDMR Number of Shares Received Type of Award Number of Shares sold (to cover tax liabilities) Number of Shares retained
Shaun Thaxter* 462,543

177,000
Conditional Award

Conditional Award
221,186

84,641
241,357

92,359
Dr Tim Baxter 33,038 Conditional Award 15,799 17,239
Mark Crossley 105,724 Conditional Award 50,557 55,167
Tony Goodman 105,724 Conditional Award 50,557 55,167
Dr Christian Heidbreder 105,724 Conditional Award 50,557 55,167
Javier Rodriguez 16,519 Conditional Award 7,900 8,619
Richard Simkin 214,752

106,200
Conditional Award

Conditional Award
102,694

50,785
112,058

55,415
Frank Stier 33,038 Conditional Award 15,567 17,471

Note 1 - the Conditional Awards granted under the Indivior LTIP were made on December 29, 2014 following the demerger of the Company from Reckitt Benckiser Group plc ('RB') pursuant to an irrevocable form of election under which certain executives, who moved from RB to the Company on demerger elected to convert RB options and awards granted in December 2012 under RB's Long-Term Incentive Plan into awards and options over Shares in the Company awarded under the Indivior LTIP.

Shares were sold in London between May 11 and 12, 2016 at an average price of £1.556395 pence per share.

Following these transactions, the directors and PDMRs have a beneficial interest in the following number of Shares (see note 2):

Name Number of Shares
Shaun Thaxter 833,716
Dr Tim Baxter 21,488
Mark Crossley 124,192
Tony Goodman 75,167
Dr Christian Heidbreder 55,167
Javier Rodriguez 21,979
Richard Simkin 170,866
Frank Stier 33,087

Note 2 - these holdings include Shares held in the form of American Depositary Receipts (ADRs).  The Company has a sponsored Level 1 American Depositary Receipt (ADR) facility in the United States, with each ADR representing five ordinary shares of US$0.10 each in the Company ('Shares').  ADRs are traded on the US over-the-counter market.

Kathryn Hudson

Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

END

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