William Hill PLC Director/PDMR Shareholding (6358E)
October 19 2018 - 8:00AM
UK Regulatory
TIDMWMH
RNS Number : 6358E
William Hill PLC
19 October 2018
WILLIAM HILL PLC
19 October 2018
Ruth Prior: Vesting of Replacement Awards
On 2 October 2017, the Company announced that Ruth Prior, Chief
Financial Officer and a Director of William Hill PLC, had been
awarded 348,345 restricted shares. This was in respect of a
replacement award granted to Ruth on her appointment as Chief
Financial Officer which reflects the value of share based
incentives forfeited at Worldpay Group plc ("Worldpay"), the
company she left to join William Hill ("the Replacement Awards").
As announced on 2 October 2017, the Replacement Awards did not have
any associated performance conditions or post-vesting holding
requirements, mirroring the Worldpay award it replaced.
The Replacement Awards vested on 16 October 2018. In accordance
with the terms of the Replacement Awards, Ruth is also entitled to
receive, either in cash or shares (at the determination of the
Remuneration Committee of William Hill PLC) dividends that would
have been paid in respect of the restricted shares between the date
of award and the date of vesting ("Award Dividends"). Accordingly,
Award Dividends in respect of 15,050 ordinary shares has also been
awarded on 16 October 2018.
Income tax and employee national insurance contributions are
payable by Ruth Prior upon vesting of the Replacement Award and
associated Award Dividends and sufficient ordinary shares have been
sold to meet this. Under the Remuneration Committee's share
ownership guidelines, the Chief Financial Officer is required to
build up a shareholding in the Company equivalent to 150% of
salary. The net shareholding acquired on vesting of 192,257
ordinary shares has been retained by Ruth towards the requirements
of the share ownership guidelines.
As a result of this transaction, and previous transactions
previously notified, Ruth Prior and her persons closely associated
now have an interest in 267,327 ordinary shares, equivalent to less
than 0.1% of the issued share capital of the Company.
The following information is given in accordance with Article
19.3 of the Market Abuse Regulation:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ruth Prior
-------------------------- -----------------------------------------
2 Reason for the notification
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a) Position/status Chief Financial Officer (Director and
PDMR)
-------------------------- -----------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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a) Name William Hill PLC
-------------------------- -----------------------------------------
b) LEI 213800MDW41W5UZQIX82
-------------------------- -----------------------------------------
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 Ordinary shares of 10 pence each
financial instrument,
type of instrument
Identification code ISIN: GB0031698896
SEDOL: 3169889
-------------------------- -----------------------------------------
b) Nature of the transaction Vesting of ordinary shares in respect
of Replacement Award
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s): GBP2.32 per share
Volume(s): 192,257 ordinary shares
-------------------------- -----------------------------------------
d) Aggregated information
-------------------------- -----------------------------------------
- Aggregated volume 192,257 ordinary shares
- Price GBP2.32 per ordinary share
e) Date of the transaction 17 October 2018
-------------------------- -----------------------------------------
f) Place of the transaction London, UK
-------------------------- -----------------------------------------
OAM: Additional Regulated Information
William Hill LEI: 213800MDW41W5UZQIX82
Luke Thomas
Company Secretary
William Hill PLC
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END
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