4 Oct 2019 15:24
LONDON STOCK EXCHANGE (LSE): GAN
Grant of Options
London & Dublin | October 4, 2019: GAN plc ("GAN" or the "Company"), announces today the grant of 400,000 options over ordinary shares to each of Seamus McGill, Michael Smurfit Jr. and David Goldberg and 900,000 options over ordinary shares to Dermot Smurfit. The options were granted with an exercise price of 74p each, being the closing price on 30 September 2019.
The options vest over a three-year period in equal tranches and have been granted under the Company's employee share option scheme and as part of an award to a significant number of employees with certain service lengths.
Including this award, the total number of extant options over ordinary shares issued to the Directors is 5,146,000 and represents 6.03% of the issued share capital of 85,410,199 ordinary shares.
About GAN Plc
GAN is a leading business-to-business ("B2B") supplier of internet gambling software-as-a-service solutions ("SaaS") to the US land-based casino industry. The Company has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming. The Company has also launched digital user acquisition & retention marketing in support of the Internet Casino (https://casino.winstar.com) provided by GAN's Digital Marketing Agency in Tel Aviv, Israel.
GAN is listed on the London Stock Exchange (LSE: GAN).
For more information please visit www.GAN.com.
For further information please contact:
GAN | US Investors: The Equity Group | ||
Jack Wielebinski | Adam Prior | ||
Head of Investor Relations | aprior@equityny.com | ||
jwielebinski@GAN.com | +1 (212) 371-8660 | ||
| UK & Ireland Investors: Walbrook PR | ||
| Paul Cornelius | ||
| GAN@WalbrookPR.com | ||
| +44 20 7933 8780 | ||
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| Davy (Nominated Adviser and Joint Broker) |
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| John Frain / Barry Murphy |
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| +353 1 679 6363 |
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|
Liberum (Joint Broker) |
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| Neil Patel / Cameron Duncan |
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| +44 (0) 20 3100 2000 |
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NOTIFICATION OF TRANSACTION OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Seamus McGill | |
2 | Reason for the notification | ||
a) | Position/status | Non Executive Director | |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | GAN plc | |
b) | LEI | 2138001N8LI2LJNN6X75 | |
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 | Options over ordinary shares of nominal value £0.01 each
ISIN: GB00BGCC6189 | |
b) | Nature of the transaction | Grant of options | |
c) | Price(s) and volume(s) | Exercise price 74p | 400,000 |
d) | Aggregated information - Aggregated volume
- Price |
400,000
Exercise price of 74p | |
e) | Date of the transaction | October 1, 2019
| |
f) | Place of the transaction | London, UK | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Michael Smurfit Jr. | |
2 | Reason for the notification | ||
a) | Position/status | Non Executive Director | |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | GAN plc | |
b) | LEI | 2138001N8LI2LJNN6X75 | |
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 | Options over ordinary shares of nominal value £0.01 each
ISIN: GB00BGCC6189 | |
b) | Nature of the transaction | Grant of options | |
c) | Price(s) and volume(s) | Exercise price 74p | 400,000 |
d) | Aggregated information - Aggregated volume
- Price |
400,000
Exercise price of 74p | |
e) | Date of the transaction | October 1, 2019
| |
f) | Place of the transaction | London, UK | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | David Goldberg | |
2 | Reason for the notification | ||
a) | Position/status | Non Executive Director | |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | GAN plc | |
b) | LEI | 2138001N8LI2LJNN6X75 | |
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 | Options over ordinary shares of nominal value £0.01 each
ISIN: GB00BGCC6189 | |
b) | Nature of the transaction | Grant of options | |
c) | Price(s) and volume(s) | Exercise price 74p | 400,000 |
d) | Aggregated information - Aggregated volume
- Price |
400,000
Exercise price of 74p | |
e) | Date of the transaction | October 1, 2019
| |
f) | Place of the transaction | London, UK | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Dermot Smurfit | |
2 | Reason for the notification | ||
a) | Position/status | Director / 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 | GAN plc | |
b) | LEI | 2138001N8LI2LJNN6X75 | |
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 | Options over ordinary shares of nominal value £0.01 each
ISIN: GB00BGCC6189 | |
b) | Nature of the transaction | Grant of options | |
c) | Price(s) and volume(s) | Exercise price 74p | 900,000 |
d) | Aggregated information - Aggregated volume
- Price |
900,000
Exercise price of 74p | |
e) | Date of the transaction | October 1, 2019
| |
f) | Place of the transaction | London, UK | |