SKP.L Regulatory News (SKP)

3 Jun 2005 13:57

Skyepharma PLC03 June 2005 For Immediate Release 3 June 2005 SkyePharma PLC ("the Company") Notification of Interests of Directors On 3rd June 2005 the following Directors were granted conditional share awardsunder the SkyePharma PLC Deferred Share Bonus Plan (the 'Plan') approved byshareholders at the Company's Annual General Meeting held on 6th June 2001. Theawards were calculated at a price per share of 53.92 pence (the three dayaverage prior to 3rd June 2005):- Face Value of the Share Number of Shares Award Subject to Award Michael Ashton £440,000 816,024Donald Nicholson £250,000 463,650 These shares will only be released subject to the satisfaction of a comparativetotal shareholder return ('TSR') performance measure in three years time. 30%of shares will be released for median performance with full release onlyoccurring for upper quartile performance (straight line vesting between thesetwo points). In addition, no shares will be capable of release unless theunderlying financial performance of the Company is consistent with its TSRperformance. - ends - This information is provided by RNS The company news service from the London Stock Exchange