RNS Number : 8209A
Sportech PLC
25 March 2013
 




 

 

 

 

25 March 2013

 

 

Sportech PLC ("Sportech" or "the Company")

LTIP Option Awards

 

 

On 21 March 2013, awards over ordinary shares of 50 pence each in Sportech PLC (the "Company") were made to certain Directors and other persons discharging managerial responsibilities ("PDMRs") as follows. 

 

Name of Director/PDMR

No. of Shares under the Award

 

Structure of Award

Total No. of Shares held under

Plan Awards

Ian Penrose

377,400

Nil Cost Option

3,005,842

Ian Hogg

188,190

Nil Cost Option

1,636,283

Luisa Wright

65,344

Nil Cost Option

399,036

 

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 total shareholder return and earnings per share targets are achieved. Once vested, the awards structured as nil cost options shall ordinarily remain exercisable for period of 12 months.

 

The Company was informed of the above transactions on 21 March 2013.

This notification is being made in accordance with DTR 3.1.4.

 

 

-ends-

 

 

For further information please contact:

Sportech PLC

 

Bob Mercer, Company Secretary       +44 (0)20 7268 2400

 


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