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 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

 

 


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