7 Sep 2015 17:45
7 September 2015
bwin.party digital entertainment plc
('bwin.party' or the 'Company')
Share plan awards to Directors
bwin.party announces the following share plan awards made to Executive Directors today in accordance with the Company's remuneration policy.
The awards are made under the bwin.party digital entertainment plc 2014 Incentive Plan ('BIP') in respect of Element B performance for the year ended 31 December 2014 and were disclosed in the Company's 2014 Directors' Remuneration Report, approved by shareholders at the bwin.party Annual General Meeting held on 21 May 2015. The granting of these awards has been postponed until now, because the Company has been in a prolonged prohibited period under the Model Code in respect of the corporate transaction discussions.
Name / Title | BIP share award |
Norbert Teufelberger Chief Executive Officer | A restricted share award over 916,091 bwin.party shares.
|
Martin Weigold Chief Financial Officer | A nil-cost share option award over 674,152 bwin.party shares.
|
The share price at the date of grant is £1.04 per share.
These awards represent 67.18% of the maximum entitlement that could be awarded to each of these BIP participants and are based on the achievement of a series of strategic and operational targets.
These share awards vest in their entirety on 31 March 2018, but the shares are not eligible for sale until 31 March 2020. Both Directors are also subject to minimum shareholding requirements. The share awards are granted and the shares received at no cost to the BIP participant.
Contacts
InvestorsPeter Reynolds +44 (0) 20 7337 0177
Media
Jay Dossetter +44 (0) 20 7337 0134