Last checked at 18 Mar 2022 14:58
18 March 2022
Entain plc
("Entain" or "Company")
Notification of Transactions by Persons Discharging Managerial Responsibility
Or Persons Closely Associated
Awards granted under the Entain plc 2017 Long Term Incentive Plan ("LTIP") and the Annual and Deferred Bonus Plan ("ADBP")
Entain plc (LSE: ENT), the global sports betting gaming and interactive entertainment group, announces that the following awards over Entain ordinary shares of €0.01 each ("Shares") were granted to Executive Directors of the Company on 18 March 2022 as set out below:
Director | Plan | Number of Shares subject to the Award |
Jette Nygaard-Andersen CEO | LTIP 2022 grant | 149,090 |
Jette Nygaard-Andersen CEO | ADBP - 2021 Deferred Bonus | 46,805 |
Robert Wood CFO & Deputy CEO | LTIP 2022 grant | 81,534 |
Robert Wood CFO & Deputy CEO | ADBP - 2021 Deferred Bonus | 27,494 |
Robert Hoskin Chief Governance Officer | LTIP 2022 grant | 62,121 |
Robert Hoskin Chief Governance Officer | ADBP - 2021 Deferred Bonus | 21,164 |
2022 LTIP Awards
The LTIP awards will normally vest on 18 March 2025, being the third anniversary of the award date subject to 1) continuous employment; and 2) the satisfaction of the relative Total Shareholder Return performance conditions set by the Company's Remuneration Committee on 16 February 2022. These stretching performance conditions, are detailed in the 2021 Directors' Remuneration Report in the Entain Annual Report (that will be available on the Entain corporate website at www.entaingroup.com from 25 March 2022). The post tax number of shares vesting from these awards are subject to a two year, post vest, holding period.
The terms of these awards provide the Remuneration Committee with the ability to review the outcome at vesting and, if it concludes that participants would benefit from 'windfall gains', it will consider making appropriate adjustments to reflect this.
ADBP Awards
In the Company's remuneration policy, 50% of the Executive Directors' annual bonus is deferred in shares. The above deferred bonus awards have therefore been granted in respect of the CEO, CFO & Deputy CEO, and Chief Governance Officer's annual bonus for the 2021 financial year. These awards will normally vest on 18 March 2025, being the third anniversary of the award date, subject to continued employment.
The Entain Directors hold in aggregate 328,481 Shares (including those of their closely associated persons) equivalent to 0.06% of the Company's issued share capital.
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
Enquiries:
Company Secretary Emily Carey
Investor Relations | secretary@entaingroup.com
|
|
David Lloyd-Seed, Chief IR & Communications Officer | investors@entaingroup.com | |
|
| |
Powerscourt | entain@powerscourt-group.com | |
Rob Greening / Nick Haynes | Tel: +44 (0) 20 7250 1446
| |
LEI:213800GNI3K45LQR8L28
About Entain plc
Entain plc (LSE: ENT) is a FTSE100 company and is one of the world's largest sports-betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Bet.pt, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis.
The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US. Entain provides the technology and capabilities which power BetMGM as well as exclusive games and products, specially developed at its in-house gaming studios. The Group is tax resident in the UK with operations in a total of 31 regulated or regulating territories. Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AA rated by MSCI. The Group has set a science-based target, committing to be carbon net zero by 2035 and through the Entain Foundation supports a variety of initiatives, focusing on safer gambling, grassroots sport, diversity in technology and community projects. For more information see the Group's website: www.entaingroup.com
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Jette Nygaard-Andersen | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Entain plc | ||||
b) | LEI | 213800GNI3K45LQR8L28 | ||||
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, type of instrument Identification code | Ordinary shares of Entain plc of €0.01 each IM00B5VQMV65 | ||||
b) | Nature of the transaction | Grant of conditional shares under the Entain plc 2017 Long Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
149,090 ordinary shares of €0.01 each Nil consideration | ||||
e) | Date of the transaction | 18 March 2022 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Jette Nygaard-Andersen | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Entain plc | ||||
b) | LEI | 213800GNI3K45LQR8L28 | ||||
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, type of instrument Identification code | Ordinary shares of Entain plc of €0.01 each IM00B5VQMV65 | ||||
b) | Nature of the transaction | Grant of conditional shares under the Entain plc Annual and Deferred Bonus Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
46,805 ordinary shares of €0.01 each Nil consideration | ||||
e) | Date of the transaction | 18 March 2022 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Robert Wood | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer and Deputy Chief Executive Officer | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Entain plc | ||||
b) | LEI | 213800GNI3K45LQR8L28 | ||||
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, type of instrument Identification code | Ordinary shares of Entain plc of €0.01 each IM00B5VQMV65 | ||||
b) | Nature of the transaction | Grant of conditional shares under the Entain plc 2017 Long Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
81,534 ordinary shares of €0.01 each Nil consideration | ||||
e) | Date of the transaction | 18 March 2022 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Robert Wood | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer and Deputy Chief Executive Officer | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Entain plc | ||||
b) | LEI | 213800GNI3K45LQR8L28 | ||||
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, type of instrument Identification code | Ordinary shares of Entain plc of €0.01 each IM00B5VQMV65 | ||||
b) | Nature of the transaction | Grant of conditional shares under the Entain plc Annual and Deferred Bonus Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
27,494 ordinary shares of €0.01 each Nil consideration | ||||
e) | Date of the transaction | 18 March 2022 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Robert Hoskin | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Governance Officer | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Entain plc | ||||
b) | LEI | 213800GNI3K45LQR8L28 | ||||
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, type of instrument Identification code | Ordinary shares of Entain plc of €0.01 each IM00B5VQMV65 | ||||
b) | Nature of the transaction | Grant of nil cost options under the Entain plc 2017 Long Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
62,121 ordinary shares of €0.01 each Nil consideration | ||||
e) | Date of the transaction | 18 March 2022 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Robert Hoskin | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Governance Officer | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Entain plc | ||||
b) | LEI | 213800GNI3K45LQR8L28 | ||||
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, type of instrument Identification code | Ordinary shares of Entain plc of €0.01 each IM00B5VQMV65 | ||||
b) | Nature of the transaction | Grant of nil cost options under the Entain plc Annual and Deferred Bonus Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
21,164 ordinary shares of €0.01 each Nil consideration | ||||
e) | Date of the transaction | 18 March 2022 | ||||
f) | Place of the transaction | Outside a trading venue | ||||