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Skyepharma PLC (SKP)

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Tuesday 11 October, 2011

Skyepharma PLC

Director/PDMR Shareholding

RNS Number : 9507P
Skyepharma PLC
11 October 2011
 



For Immediate Release

11 October 2011

 

SkyePharma PLC ("the Company")

 

The Company was informed on 7 October 2011 that as a result of transactions on 30 September 2011 by the SkyePharma PLC Share Purchase Plan (the "Plan") (an approved all employee share purchase plan) the Trustees of the Plan purchased an additional 864 Ordinary Shares of the Company at a price of £0.5775 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

 30 September 2011 at £0.5775 per share

Matching Shares  awarded on

30 September 2011 at £0.5775 per share

 

 

216

216


 

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

1 October 2011

Matching Shares  Released

1 October 2011

Total number of Partnership and Matching Shares held

on 11 October 2011

86

86

15,090

 

 

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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