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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

IRISH CONTINENTAL GROUP 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).

(iii) both

3

Name of person discharging managerial responsibilities/director
EAMONN ROTHWELL

4

State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A

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
EAMONN ROTHWELL

6

Description of shares (including class) debentures or derivatives or financial instruments relating to shares
ICG UNITS

7

Name of registered shareholder(s) and, if more than one, number of shares held by each of them
EAMONN ROTHWELL

8

State the nature of the transaction
EXERCISE OF SHARE OPTIONS

9

Number of shares, debentures or financial instruments relating to shares acquired
150,000 ICG Units

10

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating  percentage)
0.6%

11

Number of shares, debentures or financial instruments relating to shares disposed

12

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating  percentage)

13

Price per share or value of transaction
EUR 5.295 / ICG UNIT

14

Date and place of transaction
19th DECEMBER 2007 , DUBLIN

15

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

16

Date issuer informed of transaction
19th DECEMBER 2007

If a person discharging managerial responsibilities has been granted options by the issuer, complete the following boxes:

17

Date of grant
19th  December 2007

18

Period during which or date on which it can be exercised
75,000 exercisable between 19th December 2010 and 18th December 2017
75,000 exercisable between 19th December 2012 and 18th December 2017

19

Total amount paid (if any) for grant of the option
NIL

20

Description of shares or debentures involved (class and number)
ICG Units

21

Exercise price (if fixed at time of grant) or indication that the price is to be fixed at the time of exercise
EUR 21.32

22

Total number of shares or debentures over which options are held following notification
650,000  ICG Units

23

Any additional information

24

Name of contact and telephone number for queries
TOM CORCORAN – 01 8552222

Name and signature of duly designated officer of issuer responsible for making notification
____________________________________________________
Date of notification ________________20TH DECEMBER 2007___________________

 

 

 

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