17th Nov 2008 18:04
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17 November 2008 |
SkyePharma PLC ("the Company")
The Company was informed on 14 November 2008 that as a result of transactions on 13 November 2008 by the SkyePharma PLC Share Purchase Plan (an approved all employee share purchase plan) the Trustees of the Plan purchased an additional 5,116 Ordinary Shares of the Company at a price of £1.64 per share.
As a result of these transactions, the following Directors have the following additional interests as a result of their personal participation in the Plan:-
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Partnership Shares purchased on 13 November 2008 at £1.64 per share |
Matching Shares awarded on 13 November 2008 at £1.64 per share |
Total number of Partnership and Matching Shares held on 13 November 2008 |
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Frank Condella |
152 |
152 |
1,320 |
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Peter Grant |
152 |
152 |
1,190 |
In accordance with the rules of the Plan these Directors have 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 the Directors in three years' time subject to continued employment and the retention of the underlying Partnership Shares.
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).
Related Shares:
SKP.L