Last checked at 6 Oct 2020 17:10
6 October 2020
888 Holdings Plc
Notification of Transactions by Persons Discharging Managerial Responsibilities
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) 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.
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.
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 |
1,934,291 Ordinary Shares £4,810,452 |
(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) |
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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 |