Sign In
6 Oct 2020 17:10
6 October 2020
888 Holdings Plc
Notification of Transactions by Persons Discharging Managerial Responsibilities
Â
Following notifications made in accordance with Article 19(1) of the EU Market Abuse Regulation (EU 596/2014) and in accordance with Article 19(3) thereof, 888 Holdings Plc (the Company) notifies the following transaction by a person discharging managerial responsibilities (PDMR)Â in ordinary shares of 0.5p each in the Company (Ordinary Shares).
On 5 October 2020, the Company was notified that Mr Aviad Kobrine, Chief Financial Officer of 888, exercised nil-cost options over 1,834,291 Ordinary Shares granted to him on 24 May 2011 under the 888 All-Employee Plan and sold the resulting Ordinary Shares, at a price of 248p; and exercised nil-cost options over 101,000 Ordinary Shares granted to him on 7 April 2013 under the 888 All-Employee Plan and sold 100,000 of the resulting Ordinary Shares, at a price of 261.41p each (the Transaction). The expiry date of the majority of these nil-cost options was 20 May 2021. As previously announced, Mr Kobrine will step down as Chief Financial Officer of 888 on 1 November 2020, after more than 15 years as CFO of the Company, with this Transaction conducted as part of Mr Kobrine's personal wealth planning.
Â
Post this Transaction, Mr Kobrine holds vested nil-cost options over 1,762,912 Ordinary Shares, representing 0.48 per cent. of the Company's issued share capital, as well as unvested nil-cost options over 727,043 Ordinary Shares.
Â
The notification of dealing form for the PDMR can be found below.
1 | Details of the person discharging managerial responsibilities/person closely associated | |
(a) | Name of person | Aviad Kobrine |
2 | Reason for notification | |
(a) | Position/status | Chief Financial Officer |
(b) | Initial notification/ amendment | Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
(a) | Name of issuer | 888 Holdings Plc |
(b) | Legal Entity Identifier | 213800H84UJQYSVF9750 |
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 financial instrument | Ordinary shares of 0.5p each in the capital of 888 Holdings plc (Ordinary Shares) |
Identification code | ISIN: GI000A0F6407 | |
(b) | Nature of transaction | Exercise of nil-cost options over Ordinary Shares; Sale of Ordinary Shares. |
(c) | Price and volume of transaction | Exercise of nil-cost options: (1) NIL per Ordinary Share; 1,834,291 Ordinary Shares; and (2) NIL per Ordinary Share; 101,000 Ordinary Shares. Sale of Ordinary Shares: (1) 248p per Ordinary Share; 1,834,291 Ordinary Shares; and (2) 261.41p per Ordinary Share; 100,000 Ordinary Shares. |
(d) | Aggregated information - Volume Price | Â 1,934,291 Ordinary Shares ÂŁ4,810,452 |
(e) | Date of transaction | 1 October 2020 (Sale of 1,834,291 Ordinary Shares) 5 October 2020 (Sale of 100,000 Ordinary Shares) |
(f) | Place of transaction | Outside a trading venue (Exercise) London Stock Exchange (Sale) |
Â
- ends -
Contacts and enquiries
888 | |
Brian Mattingley, Chairman | +350 200 49800 |
Itai Pazner, Chief Executive Officer Aviad Kobrine, Chief Financial Officer | +350 200 49800 +350 200 49800 |
Hudson Sandler | +44(0) 207 796 4133 |
Alex Brennan | |
Bertie Berger Hattie Dreyfus |
Â
Â
Â
Â
Follow the stocks
