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Director/PDMR Shareholding

18th Sep 2012 10:55

RNS Number : 5149M
Skyepharma PLC
18 September 2012
 



For Immediate Release

18 September 2012

 

SkyePharma PLC ("the Company")

 

The Company was informed on 10 September 2012 that as a result of transactions on 31 August 2012 by the SkyePharma PLC Share Purchase Plan (the "Plan") (an approved all employee share purchase plan) the Trustees of the Plan purchased an additional 258 Ordinary Shares of the Company at a price of £0.97 per share.

 

As a result of these transactions, Peter Grant, a Director of the Company, has the following additional interests as a result of his personal participation in the Plan:-

 

Partnership Shares purchased on

 31 August 2012 at £0.97 per share

Matching Shares awarded on

31 August 2012 at £0.97 per share

 

 

129

129

 

In accordance with the rules of the Plan, Mr Grant has been awarded Matching Shares on the basis of one Matching Share (Ordinary Share) for each Partnership Share (Ordinary Share).

 

The beneficial ownership of the Matching Shares will pass to Mr Grant in three years' time subject to continued employment and the retention of the underlying Partnership Shares.

 

The following shares have been released from the Plan following expiry of the third anniversary and beneficial ownership of the Matching shares has now passed to Mr Grant, who continues to hold all the shares released:

 

Partnership Shares Released

28 August 2012

Matching Shares Released

28 August 2012

Total number of Partnership and Matching Shares held

on 10 September 2012

110

110

18,504

 

 

The execution of the transaction noted above did not involve any of the Company's Directors or any persons discharging managerial responsibility.

 

This notification relates to transactions notified in accordance with Disclosure and Transparency Rule 3.1.4R(1)(a).

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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