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 under the Award |
Structure of Award |
Exerciseable |
|
Ian Penrose |
419,552 |
Nil Cost Option |
On third anniversary subject to continuing employment, total shareholder return and other financial performance criteria |
|
Mickey Kalifa |
200,328 |
Nil Cost Option |
|
|
Andrew Gaughan |
191,387 |
Nil Cost Option |
|
|
Luisa Wright |
105,773 |
Nil Cost Option |
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/ Amendment |
Initial notification |
|
|
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 of the Financial Instrument |
Ordinary shares of 50 pence each |
|
|
(b) |
Identification code of the Financial Instrument |
GB00B28ZPV64 |
|
|
(c) |
Nature of the transaction |
Awards made under the Sportech Performance Share Plan
|
|
|
(d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
|
(i) Nil Cost Option (ii) Nil Cost Option (iii) Nil Cost Option (iv) Nil Cost Option |
(i) 419,552 (ii) 200,328 (iii) 191,387 (iv) 105,773 |
|
|
|
|
|
|
(e) |
Aggregated information - Aggregated volume - Price |
N/A |
|
|
(f) |
Date of the transaction |
23 March 2017 |
|
|
(g) |
Place of the transaction |
London Stock Exchange |
|
For further information, please contact:
Sportech PLC
Luisa Wright, Group General Counsel & Company Secretary +44 (0)20 7268 2400