Sportech PLC Director/PDMR Shareholding (5166A)
March 24 2017 - 10:42AM
UK Regulatory
TIDMSPO
RNS Number : 5166A
Sportech PLC
24 March 2017
24 March 2017
Sportech PLC
LTIP Option Awards
On 24 March 2017, awards over ordinary shares of 50 pence each
in Sportech PLC (the "Company") were made to certain Directors and
other persons discharging managerial responsibilities ("PDMR") as
follows.
Name of Director/PDMR No. of Shares Structure
under the of Award Exerciseable
Award
Ian Penrose 419,552 Nil Cost
Option
Mickey Kalifa 200,328 Nil Cost
Option
Andrew Gaughan 191,387 Nil Cost
Option
Luisa Wright 105,773 Nil Cost On third anniversary
Option subject to continuing
employment, total shareholder
return and other financial
performance criteria
The awards were granted under the rules of the Sportech
Performance Share Plan and structured as noted above. No
consideration was paid for the grant of the awards and no
consideration is due on the maturity of the awards. The awards will
normally become exercisable (or vest as relevant) shortly following
the third anniversary of grant, subject to continued employment and
to the extent the total shareholder return and financial
performance conditions are achieved. Once vested, the awards
structured as nil cost options shall ordinarily remain exercisable
for a period of 12 months.
This notification is being made in accordance with DTR
3.1.4.
Form for Notification and Public Disclosure of Transactions by
Persons Discharging Managerial Responsibilities and Persons Closely
Associated with them:
1. Details of the person discharging managerial
responsibilities/person closely associated
---- ----------------------------------------------------------------------
(a) Name (i) Ian Penrose
(ii) Mickey Kalifa
(iii) Andrew Gaughan
(iv) Luisa Wright
---- ------------------------- -------------------------------------------
2. Reason for the notification
---- ----------------------------------------------------------------------
(a) Position/status (i) Chief Executive Officer
(ii) Chief Financial Officer
(iii) Executive Director
(iv) Group General Counsel
and Company Secretary
---- ------------------------- -------------------------------------------
(b) Initial notification/ Initial notification
Amendment
---- ------------------------- -------------------------------------------
3. Details of the issuer
---- ----------------------------------------------------------------------
(a) Name Sportech PLC
---- ------------------------- -------------------------------------------
(b) LEI N/A
---- ------------------------- -------------------------------------------
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 Ordinary shares of 50 pence
of the Financial each
Instrument
---- ------------------------- -------------------------------------------
(b) Identification GB00B28ZPV64
code of the
Financial Instrument
---- ------------------------- -------------------------------------------
(c) Nature of the Awards made under the Sportech
transaction Performance Share Plan
---- ------------------------- -------------------------------------------
(d) Price(s) and Price(s) Volume(s)
volume(s)
--------------------- --------------------
(i) Nil Cost (i) 419,552
Option (ii) 200,328
(ii) Nil Cost (iii) 191,387
Option (iv) 105,773
(iii) Nil Cost
Option
(iv) Nil Cost
Option
--------------------- --------------------
(e) Aggregated information N/A
* Aggregated volume
- Price
---- ------------------------- -------------------------------------------
(f) Date of the 23 March 2017
transaction
---- ------------------------- -------------------------------------------
(g) Place of the London Stock Exchange
transaction
---- ------------------------- -------------------------------------------
For further information, please contact:
Sportech PLC
Luisa Wright, Group General Counsel & Company Secretary +44
(0)20 7268 2400
This information is provided by RNS
The company news service from the London Stock Exchange
END
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