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Skyepharma PLC  -  SKP   

Director/PDMR Shareholding

Released 16:58 06-Feb-2013

RNS Number : 3063X
Skyepharma PLC
06 February 2013
 



For Immediate Release

6 February 2013

 

SkyePharma PLC ("the Company")

 

The Company was informed on 5 February 2013 that as a result of transactions on 31 January 2013 by the SkyePharma PLC Share Purchase Plan (the "Plan") (an approved all employee share purchase plan) the Trustees of the Plan purchased an additional 358 Ordinary Shares of the Company at a price of £0.70 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 January 2013 at £0.70 per share

Matching Shares  awarded on

31 January 2013 at £0.70 per share

 

 

179

179


 

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

29 January 2013

Matching Shares  Released

29 January 2013

Total number of Partnership and Matching Shares held

on 6 February 2013

158

158

18,742

 

 

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
 
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Director/PDMR Shareholding - RNS