Last checked at 15 Sep 2011 17:32
SCHEDULE 11
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
This form is intended for use by an issuer to make a RIS notification required by the Market Abuse Rules and section 53 (as extended by section 64 of the Companies Act 1990) or entered into the issuer's register in accordance with section 59 of the Companies Act 1990.
(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete the boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.
All relevant boxes should be completed in block capital letters
1 | Name of the Issuer
GLANBIA plc |
2 | State whether the notification relates to: (i) a transaction notified in accordance with Market Abuse Rules;
(ii) a disclosure made in accordance with section 53 (as extended by section 64 of the Companies Act 1990) or entered into the issuer's register in accordance with section 59 of the Companies Act 1990; or
(iii) both (i) and (ii).
(i) |
3 | Name of person discharging managerial responsibilities/director
GERARD MULLALLY, PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES |
4 | State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
NOT APPLICABLE |
5 | Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
(1) NOTIFICATION IS IN RESPECT OF AN EXERCISE OF AN OPTION BY GERARD MULLALLY PURSUANT TO THE GLANBIA plc 2002 LONG TERM INCENTIVE PLAN (2) NOTIFICATION IS IN RESPECT OF THE SALE OF SHARES BY GERARD MULLALLY, AN IRISH RESIDENT, TO SETTLE IN PART A TAX LIABILITY ARISING ON THE EXERCISE OF THE OPTION UNDER THE 2002 LONG TERM INCENTIVE PLAN |
6 | Description of shares (including class) debentures or derivatives or financial instruments relating to shares
(1) AND (2) ORDINARY SHARES OF €0.06 EACH
|
7 | Name of registered shareholder(s) and, if more than one, number of shares held by each of them
(1) DAVY CREST NOMINEES (2) DAVY CREST NOMINEES |
8 | State the nature of the transaction
(1) EXERCISE OF OPTION ENTITLEMENT PURSUANT TO THE GLANBIA plc 2002 LONG TERM INCENTIVE PLAN - 123,000 ORDINARY SHARES OF €0.06 EACH (2) SALE OF 123,000 ORDINARY SHARES OF €0.06 EACH BY GERARD MULLALLY, AN IRISH RESIDENT, TO SETTLE IN PART A TAX LIABILITY ARISING ON THE EXERCISE OF THE OPTION PURSUANT TO THE 2002 LONG TERM INCENTIVE PLAN |
9 | Number of shares, debentures or financial instruments relating to shares acquired
(1) 123,000 (2) NOT APPLICABLE
|
10 | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
(1) NOT MATERIAL LESS THAN 1% (2) NOT APPLICABLE
|
11 | Number of shares, debentures or financial instruments relating to shares disposed
(1) NOT APPLICABLE (2) 123,000
|
12 | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
(1) NOT APPLICABLE (2) NOT MATERIAL LESS THAN 1%
|
13 | Price per share or value of transaction
(1) EUR578,100 (MARKET VALUE OF SHARES ON DATE PRIOR TO EXERCISE - EXERCISE PRICE PAID BY GERARD MULLALLY - EUR190,650) (2) EUR583,244.94 |
14 | Date and place of transaction
(1) 14 SEPTEMBER 2011 - DUBLIN (2) 14 AND 15 SEPTEMBER 2011 - DUBLIN
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15 | Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
4,925 ORDINARY SHARES OF €0.06 EACH
75,000 OPTIONS UNDER 2002 LONG TERM INCENTIVE PLAN, AT AN EXERCISE OF €2.725 PER SHARE
ADDITIONALLY, AS A PARTICIPANT OF THE 2002 LONG TERM INCENTIVE PLAN, GERARD MULLALLY IS ELIGIBLE FOR A SHARE AWARD OF:
* 10% OF THE 75,000 ORDINARY SHARES THAT HE CONTINUES TO HOLD FOLLOWING THE SECOND ANNIVERSARY OF THE EXERCISE OF THE SHARE OPTION.
AWARD IN RESPECT OF UP TO 24,000 ORDINARY SHARES OF €0.06 EACH MAY VEST UNDER THE 2008 GLANBIA PLC LONG TERM INCENTIVE PLAN - AWARD DATE - 9 JUNE 2009 AWARD IN RESPECT OF UP TO 20,000 ORDINARY SHARES OF €0.06 EACH MAY VEST UNDER THE 2008 GLANBIA PLC LONG TERM INCENTIVE PLAN - AWARD DATE - 25 MAY 2010
PERCENTAGE HOLDING:NOT MATERIAL, LESS THAN 1%
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16 | Date issuer informed of transaction
15 SEPTEMBER 2011 |
If a person discharging managerial responsibilities has been granted options by the issuer, complete the following boxes:
17 | Date of grant NOT APPLICABLE - THIS NOTIFICATION REFERS TO THE EXERCISE OF AN OPTION ENTITLEMENT PURSUANT TO THE GLANBIA plc 2002 LONG TERM INCENTIVE PLAN AND THE SALE OF SHARES TO SETTLE IN PART A TAX LIABILITY ARISING ON THE THE EXERCISE OF THE OPTION ENTITLEMENT PURSUANT TO THE GLANBIA plc 2002 LONG TERM INCENTIVE PLAN |
18 | Period during which or date on which it can be exercised NOT APPLICABLE - THIS NOTIFICATION REFERS TO THE EXERCISE OF AN OPTION ENTITLEMENT PURSUANT TO THE GLANBIA plc 2002 LONG TERM INCENTIVE PLAN AND THE SALE OF SHARES TO SETTLE IN PART A TAX LIABILITY ARISING ON THE THE EXERCISE OF THE OPTION ENTITLEMENT PURSUANT TO THE GLANBIA plc 2002 LONG TERM INCENTIVE PLAN |
19 | Total amount paid (if any) for grant of the option NOT APPLICABLE - THIS NOTIFICATION REFERS TO THE EXERCISE OF AN OPTION ENTITLEMENT PURSUANT TO THE GLANBIA plc 2002 LONG TERM INCENTIVE PLAN AND THE SALE OF SHARES TO SETTLE IN PART A TAX LIABILITY ARISING ON THE THE EXERCISE OF THE OPTION ENTITLEMENT PURSUANT TO THE GLANBIA plc 2002 LONG TERM INCENTIVE PLAN |
20 | Description of shares or debentures involved (class and number) NOT APPLICABLE - THIS NOTIFICATION REFERS TO THE EXERCISE OF AN OPTION ENTITLEMENT PURSUANT TO THE GLANBIA plc 2002 LONG TERM INCENTIVE PLAN AND THE SALE OF SHARES TO SETTLE IN PART A TAX LIABILITY ARISING ON THE THE EXERCISE OF THE OPTION ENTITLEMENT PURSUANT TO THE GLANBIA plc 2002 LONG TERM INCENTIVE PLAN |
21 | Exercise price (if fixed at time of grant) or indication that the price is to be fixed at the time of exercise NOT APPLICABLE - THIS NOTIFICATION REFERS TO THE EXERCISE OF AN OPTION ENTITLEMENT PURSUANT TO THE GLANBIA plc 2002 LONG TERM INCENTIVE PLAN AND THE SALE OF SHARES TO SETTLE IN PART A TAX LIABILITY ARISING ON THE THE EXERCISE OF THE OPTION ENTITLEMENT PURSUANT TO THE GLANBIA plc 2002 LONG TERM INCENTIVE PLAN
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22 | Total number of shares or debentures over which options are held following notification
75,000 OPTIONS UNDER 2002 LONG TERM INCENTIVE PLAN, AT AN EXERCISE OF €2.725 PER SHARE
ADDITIONALLY, AS A PARTICIPANT OF THE 2002 LONG TERM INCENTIVE PLAN, GERARD MULLALLY IS ELIGIBLE FOR A SHARE AWARD OF:
* 10% OF THE 75,000 ORDINARY SHARES THAT HE CONTINUES TO HOLD FOLLOWING THE SECOND ANNIVERSARY OF THE EXERCISE OF THE SHARE OPTION.
AWARD IN RESPECT OF UP TO 24,000 ORDINARY SHARES OF €0.06 EACH MAY VEST UNDER THE 2008 GLANBIA PLC LONG TERM INCENTIVE PLAN - AWARD DATE - 9 JUNE 2009 AWARD IN RESPECT OF UP TO 20,000 ORDINARY SHARES OF €0.06 EACH MAY VEST UNDER THE 2008 GLANBIA PLC LONG TERM INCENTIVE PLAN - AWARD DATE - 25 MAY 2010
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23 | Any additional information
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24 | Name of contact and telephone number for queries
OLIVIA KENNINGTON +353 56 7772355 |
Name and signature of duly designated officer of issuer responsible for making notification
MICHAEL HORAN
Date of Notification: 15 SEPTEMBER 2011 |