(SKP.L) SkyePharma PLC Buy/Sell

RNS Number : 8971B Skyepharma PLC 03 November 2009

For Immediate Release 3 November 2009

SkyePharma PLC ("the Company")

The Company was informed on 3 November 2009 that as a result of transactions on 3 November 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 3,180 Ordinary Shares of the Company at a price of £0.94 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 3 November 2009 at £0.94 awarded on 3 Partnership and
per share November 2009at Matching Shares held
£0.94 per share on 3 November 2009
133 133 3,039

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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