IRSH: Elan Corporation plc: Director/PDMR Shareholding

  IRSH: Elan Corporation plc: Director/PDMR Shareholding

UK Regulatory Announcement

DUBLIN

      Notification of Transactions of (1) Persons Discharging Managerial
  Responsibility and (2) Persons closely associated with Persons Discharging
                          Managerial Responsibility

 This form is intended for use by an issuer making a notification required by
   Rules 7.2 and 7.3 of the Central Bank of Ireland’s Market Abuse Rules in
    relation to a person falling within either of the above categories of
 individual. These categories are defined in Regulation 12 (8) of the Market
Abuse (Directive 2003/6/EC) Regulations 2005 and are detailed as part of this
                                    form.

       All relevant boxes should be completed in block capital letters.

   Name of the Issuer                       Name of person discharging
                                            managerial responsibilities
    
1                                       2    
    
                                            G. Kelly Martin
   Elan Corporation, plc
                                            Indicate whether the notification
   State whether notification relates       is in respect of a holding of the
   to a person closely associated with      person referred to in 2 or 3 above
   a person discharging managerial          or in respect of a non-beneficial
   responsibilities named in 2 and          interest
3  identify the connected person        4
                                             
    
                                             
   N/A
                                            As in 2 above
   Description of shares or derivatives
   or other financial instruments
   linked to them                           Name of registered shareholder(s)
                                            and, if more than one, number of
                                            shares or derivatives or other
                                            financial instruments linked to
5                                       6   them, held by each shareholder

                                             

   Ordinary Shares of €0.05 each as         As in 2 above
   represented by American Depository
   Shares
   State the nature of the transaction      Number of shares, derivatives or
                                            other financial instruments linked
                                            to them acquired

7                                       8    

   The exercise of 444,000 Share            444,000 Shares at US$3.85 per
   Options and the sale of 267,672          share
   Shares
                                            Price per share or derivative or
   Number of shares, derivatives or         other financial instrument linked
   other financial instruments linked       to them or value of transaction
   to them disposed of
9                                       10   
    
                                             
   267,672 Shares
                                            US$ 10.4524 per share
   Date and place of transaction            Date issuer informed of
                                            transaction
    
11                                      12   
   20 November 2012
                                            20 November 2012
   New York Stock Exchange
   Any additional information               Name of contact and telephone
                                            number for queries
13                                      14
                                             
   N/A
                                            William F. Daniel: 01 709 4000
   Person authorised on behalf of the issuer responsible for making the
   notification

    

   ______________________________________________
 
   William F. Daniel - Company Secretary

    

    

   Date of notification 21 November 2012

      Information required under Irish Stock Exchange Listing Rule 6.10

The following additional information is required to be disclosed under ISE
Listing Rule 6.10 in respect of interests in securities of a director or
secretary or their connected persons. An issuer is not being required to
submit the information below to the Central Bank in respect of any PDMR who is
also a director/secretary/connected persons.

   Name of director or secretary (if    State whether the notification relates
   not required to be stated in box     to a single
   2)
15                                   16 transaction being notified in
                                        accordance with the Market Abuse Rules
                                        and ISE LR 6.10
   As in 2 above
                                        Yes
   Description of class of share
                                        Percentage of issued class acquired
                                        (treasury shares of that class should
                                        not be taken into account when
17                                   18 calculating percentage)

   Ordinary Shares of €0.05 each as     0.075%
   represented by American
   Depository Shares
   Percentage of issued class           Total holding following notification
   disposed (treasury shares of that    and total percentage holding following
   class should not be taken into       notification (any treasury shares
   account when calculating             should not be taken into account when
19 percentage)                       20 calculating percentage)

                                        357,452 Shares (0.06%) and

   0.045%                               213,057 Unvested Restricted Stock
                                        Units

If a person whose interests are required to be disclosed under ISE Listing
Rule 6.10 has been granted options by the issuer, please complete the
following boxes:

     Date of grant                              Period during which or date on
                                                which it can be exercised
21                                          22
                                                N/A
     N/A
                                                Description of shares involved
     Total amount paid (if any) for grant       (class and number)
23   of the option                          24
                                                 
     N/A
                                                N/A
                                                Total number of shares over
     Exercise price (if fixed at time of        which options are held
     grant) or indication that the price is     following notification
25   to be fixed at the time of exercise    26
                                                 
     N/A
                                                N/A
Name and signature of duly designated officer of issuer responsible for making
notification

 

____________________________________

William F. Daniel - Company Secretary

 

Date of notification 21 November 2012

The duly designated officer of the issuer responsible for making this
notification acknowledges and confirms that he/she is aware that the
information as has been provided in response to the questions 15 to 26 above
is not information which has been required by or which has been requested by
the Central Bank, and is information which is required to be provided to the
Irish Stock Exchange only.

Contact:

Elan Corporation plc