EX-99.1 2 dp21466_ex9901.htm EXHIBIT 99.1
 
 
Press Release
www.shire.com
  

Correction: Director/PDMR Shareholding


The announcement released yesterday, advising of the awards granted under The Shire Portfolio Share Plan to the Company’s Executive Directors and PDMRs, reflected the incorrect number of ADSs granted to Mr Angus Russell, Chief Executive Officer of the Company.

The Stock Appreciation Right Award granted to Mr Russell was over 63,126 ADSs and not 63,015 ADSs.  In addition, the Performance Share Award granted to Mr Russell was over 47,344 ADSs and not 47,262 ADSs.


March 2, 2011 - Shire plc (LSE: SHP, NASDAQ: SHPGY), the global specialty biopharmaceutical company, announces that on February 28, 2011 the following Persons Discharging Managerial Responsibility (“PDMRs”) were granted awards under the Shire Portfolio Share Plan (the “Plan”).

 
Awards of Stock Appreciation Rights (“SARs”) under Part A of the Plan
 

Name of PDMR
Type of Security
No of Ordinary Shares or ADSs
  
Exercise price
Angus Russell (Chief Executive Officer)*
ADSs
63,126
  
$83.79
 
Graham Hetherington (Chief Financial Officer)*
Ordinary Shares
82,873
  
£17.23
 
Tatjana May
Ordinary Shares
28,379
  
£17.23
 
Michael Cola
ADSs
13,552
  
$83.79
 
Sylvie Gregoire
ADSs
13,552
  
$83.79
 
Barbara Deptula
ADSs
7,896
  
$83.79
 
*Vesting of awards granted to Executive Directors is subject to performance targets

SARs will normally vest after three years, subject to any performance targets having been satisfied.  Vested SARs will be capable of exercise for a period of four years.  No consideration was paid for the grant of the SARs.
 
Registered in Jersey, No. 99854, 22 Grenville Street, St Helier, Jersey JE4 8PX
 
 
 
 
Performance Share Awards (“PSA Awards”) under Part B of the Plan
 

Name of PDMR
Type of Security
No of Ordinary Shares or ADSs
  
Market value
Angus Russell (Chief Executive Officer)*
ADSs
47,344
  
$83.79
 
Graham Hetherington (Chief Financial Officer)*
Ordinary Shares
60,769
  
£17.23
 
Tatjana May
Ordinary Shares
20,433
  
£17.23
 
Michael Cola
ADSs
9,938
  
$83.79
 
Sylvie Gregoire
ADSs
9,938
  
$83.79
 
Barbara Deptula
ADSs
5,685
  
$83.79
 
*Vesting of awards granted to Executive Directors is subject to performance targets

The PSA Awards will normally vest after three years, subject to any performance targets having been satisfied.  Once vested, sufficient ordinary shares or ADSs will be transferred or allotted to the participant within 30 days.  No consideration was paid for the grant of the PSA Awards.

This notification is made to satisfy the Company's obligations under 3.1.4(R)(1)(a) of the Disclosure and Transparency Rules.


Tony Guthrie
Deputy Company Secretary


 
For further information please contact:

Investor Relations
    
Eric Rojas
erojas@shire.com
+1 781 482 0999

Notes to editors

SHIRE PLC

Shire’s strategic goal is to become the leading specialty biopharmaceutical company that focuses on meeting the needs of the specialist physician.  Shire focuses its business on attention deficit hyperactivity disorder (ADHD), human genetic therapies (HGT) and gastrointestinal (GI) diseases as well as opportunities in other therapeutic areas to the extent they arise through acquisitions.  Shire’s in-licensing, merger and acquisition efforts are focused on products in specialist markets with strong intellectual property protection and global rights.  Shire believes that a carefully selected and balanced portfolio of products with strategically aligned and relatively small-scale sales forces will deliver strong results.
For further information on Shire, please visit the Company’s website: www.shire.com.
 
 
Registered in Jersey, No. 99854, 22 Grenville Street, St Helier, Jersey JE4 8PX