Sign In
24 Oct 2014 08:59
GAME Digital plc (the 'Company') Notification of Transactions of Directors/Persons Discharging Managerial Responsibility
Performance Share Plan
It was confirmed on 24 October 2014 that, on 23 October 2014, the following awards under the GAME Digital plc Performance Share Plan (the 'PSP') were made to Executive Directors and the PDMR of the Company:
Name | Director / PDMR | Allocation of Performance Shares (See Note Below) | Total interest in shares under the PSP following notification |
Martyn Gibbs | Director | 205,288 | 842,788 |
Benedict Smith | Director | 115,927 | 340,927 |
Pablo Crespo | PDMR | 52,849 | 608,299 |
Note: This award was granted as a nil cost option over ordinary shares with a nominal value of £0.01 each in the Company, where a participant will normally be entitled to exercise their award and receive the shares between the third and sixth anniversary of grant, subject to the extent to which performance conditions have been satisfied and their continuing employment. No consideration was paid for the grant of the award.
The extent to which any PSP awards will vest will be determined by reference to the Group's basic adjusted earnings per share ('EPS'), 50% of the award, and total shareholder return ('TSR'), 50% of the award, as follows:
Earnings per share | Total shareholder return | ||
EPS for FY16/17 (50% of award) | % of award vesting | Absolute TSR growth to 29 July 2017 (50% of award) | % of award vesting |
26p | 25% | 30% | 25% |
28p | 100% | 75% | 100% |
Pro-rata vesting will be applied between the points. The base price for TSR will be the IPO Offer Price of £2. For the purposes of this award, the grant was made at a Share price of £2.976.
This notification is made in accordance with DTR 3.1.4(1).
Ruth Cartwright
Company Secretary
Tel: 01256 784229
24 October 2014
Follow the stocks
