(SKP.L) SkyePharma PLC Buy/Sell

RNS Number : 0696A Skyepharma PLC 01 October 2009

For Immediate Release 1 October 2009

SkyePharma PLC ("the Company")

The Company was informed on 1 October 2009 that as a result of transactions on 1 October 2009 by the SkyePharma PLC Share Purchase Plan (the "Plan") (an approved all employee share purchase plan) the Trustees of the Plan purchased an additional 3,420 Ordinary Shares of the Company at a price of £0.8965 per share.

As a result of these transactions, Peter Grant, a Director of the Company, has the following additional interests as a result of his personal participation in the Plan:-

Partnership Shares purchased Matching Shares Total number of
on 1 October 2009 at £0.8965 awarded on 1 October Partnership and
per share 2009 at £0.8965 per Matching Shares held
share on 1 October 2009
139 139 2,773

In accordance with the rules of the Plan, Mr Grant has been awarded Matching Shares on the basis of one Matching Share (Ordinary Share) for each Partnership Share (Ordinary Share).

The beneficial ownership of the Matching Shares will pass to Mr Grant in three years' time subject to continued employment and the retention of the underlying Partnership Shares.

The execution of the transaction noted above did not involve any of the Company's Directors or any persons discharging managerial responsibility.

This notification relates to transactions notified in accordance with Disclosure and Transparency Rule 3.1.4R(1)(a).

This information is provided by RNS The company news service from the London Stock Exchange

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