Playtech PLC Notice of General Meeting (4104V)
December 03 2019 - 1:00AM
UK Regulatory
TIDMPTEC
RNS Number : 4104V
Playtech PLC
03 December 2019
Playtech PLC
('Playtech' or the 'Company')
Notice of General Meeting
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulations
Playtech announces that, following an extensive Shareholder
engagement programme driven by some of the Company's largest
institutional Shareholders, the Company is now seeking shareholder
approval for the grant to the Chief Executive Officer, Mor Weizer,
of a share award linked to long-term shareholder value
creation.
The full terms of the award are set out in a circular to
shareholders which includes a notice of general meeting to approve
the terms of the award which is due to be held at 10.00 am on 19
December 2019.
In accordance with Listing Rule 9.6.1, copies of the circular
have been submitted to the National Storage Mechanism and are
available to view at www.morningstar.co.uk/uk/NSM and on the
Company's website www.investors.playtech.com.
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Mor Weizer
------------------------------- ----------------------------------------------------
2 Reason for notification
-------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------- ----------------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- ----------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Playtech plc
------------------------------- ----------------------------------------------------
b) LEI 21380068TTB6Z9ZEU548
------------------------------- ----------------------------------------------------
4) Details of the transaction(s): section to be repeated for (i) each
type of instrument; (ii) each type of transaction; (iii) each date;
and (iv) each place where transactions have been conducted
-------------------------------------------------------------------------------------
a) Description of the financial Ordinary Shares of Playtech plc of no par value
instrument, type of
instrument
IM00B7S9G985
Identification code
------------------------------- ----------------------------------------------------
b) Nature of the transaction Grant of a nil cost option award under the Playtech
Long Term Incentive Plan 2012
The award will ordinarily become exercisable
over the vested shares at such time as the share
price performance target that is applicable to
such shares is satisfied.
Once vested the award shall ordinarily remain
exercisable as to the vested shares until the
eve of the tenth anniversary of the grant date
of the award.
The option will automatically lapse if the award
is not approved by shareholders at the Company's
general meeting which is due to be held at 10.00
am on 19 December 2019
------------------------------- ----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s) Share Price target
Nil 300,000 GBP6.00
---------- -------------------
Nil 400,000 GBP7.00
---------- -------------------
Nil 500,000 GBP8.00
---------- -------------------
Nil 700,000 GBP12.00
---------- -------------------
------------------------------- ----------------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregate volume
* Price
------------------------------- ----------------------------------------------------
e) Date of transaction 2 December 2019
------------------------------- ----------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ----------------------------------------------------
- ENDS -
For further information please contact:
Playtech plc
Chris McGinnis, Director of Investor Relations & Strategic
Analysis
Headland (PR adviser to Playtech) +44 (0) 20 3805 4822
Lucy Legh
Stephen Malthouse
Jack Gault
About Playtech
Founded in 1999 and premium listed on the Main Market of the
London Stock Exchange, Playtech is a technology leader in the
gambling and financial trading industries.
Playtech is the gambling industry's leading technology company
delivering business intelligence driven gambling software,
services, content and platform technology across the industry's
most popular product verticals, including, casino, live casino,
sports betting, virtual sports, bingo and poker. It is the pioneer
of omni-channel gambling technology through its integrated platform
technology, Playtech ONE. Playtech One delivers data driven
marketing expertise, single wallet functionality, CRM and
responsible gambling solutions across one single platform across
product verticals and across retail and online.
Playtech partners with and invests in the leading brands in
regulated and newly regulated markets to deliver its data driven
gambling technology across the retail and online value chain.
Playtech provides its technology on a B2B basis to the industry's
leading retail and online operators, land-based casino groups and
government sponsored entities such as lotteries. As of June 2018,
through the acquisition of Snaitech, Playtech directly owns and
operates a leading sports betting and gaming brand in online and
retail in Italy, Snai.
Playtech's Financials Division, named TradeTech Group, is a
technology leader in the CFD and financial trading industry and
operates both on a B2B and B2C basis.
Playtech has in total c.5,900 employees across 18 countries and
is headquartered in the Isle of Man.
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END
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