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10 Sep 2024 12:00
10 September 2024
Entain plc
("Entain" or "Group" or "Company")
Notification of Transactions by Persons Discharging Managerial ResponsibilityOr Persons Closely Associated
Awards granted under the Entain plc 2017 Long Term Incentive Plan ("LTIP")
Entain plc (LSE: ENT), the global sports betting and gaming group, announces that, pursuant to Gavin Isaacs' appointment as Chief Executive Officer and Executive Director of the Company with effect from 2 September 2024, the following award over Entain ordinary shares of €0.01 each ("Shares") has been granted to him under the Rules of the LTIP on 10 September 2024 as set out below:
Name | Role | Number of Shares subject to the Award |
Gavin Isaacs | CEO & Executive Director | 584,893 |
The LTIP awards will normally vest on 10 September 2027, 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 20 February 2024. More detail about these stretching performance conditions can be found in the 2023 Directors' Remuneration Report in the 2023 Entain Annual Report which is available on the Entain corporate website at www.entaingroup.com. The post tax number of shares vesting from these awards are subject to a two-year, post vest, holding period.
The terms of the award provide the Remuneration Committee with the ability to review the outcome at vesting and, if it concludes that a participant would benefit from 'windfall gains', it will consider making appropriate adjustments to reflect this.
The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of English law by virtue of the European Union (Withdrawal) Act 2018.
Enquiries:
Company Secretary
Investor Relations - Entain plc
| secretary@entaingroup.com
investors@entaingroup.com
|
Media - Entain plc | media@entaingroup.com
|
Sodali & Co Rob Greening/Russ Lynch/Sam Austrums |
Tel: +44 (0) 20 7250 1446 entain@sodali.com |
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 BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands include 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 and is the only global operator to exclusively operate in domestically regulated or regulating markets operating in over 30 territories.
Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AA rated by MSCI. For more information see the Group's website: www.entaingroup.com
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Gavin Isaacs | ||||
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
|
584,893 ordinary shares of €0.01 each Nil consideration | ||||
e) | Date of the transaction | 10 September 2024 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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