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 November 6, 2020 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:
Maximum number of Shares under Award
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 9, 2023 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.
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
Director / PDMR - Chief Executive Officer
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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
Description of the financial instrument, type of instrument
Ordinary Shares of US$0.10
Nature of the transaction
Award over Ordinary Shares
Price(s) and volume(s)
- Aggregated volume
Date of the transaction
November 6, 2020
Place of the transaction
Outside a trading venue
Indivior PLC's Legal Entity Identifier code is 213800V3NCQTY7IED471.