21 Sep 2018 10:57
21 September 2018
GVC Holdings PLC
("GVC" or "Company")
Notification of Transactions by Persons Discharging Managerial Responsibility or Persons Closely Associated
Awards granted under the GVC Holdings PLC 2017 Long Term Incentive Plan ("LTIP")and the GVC Holdings PLC Annual and Deferred Bonus Plan ("2017 Deferred Bonus")
The following awards over GVC ordinary shares of €0.01 each ("Shares") were granted to Executive Directors of the Company on 20 September 2018 as set out below.
Name | Plan | Number of Shares subject to the Award |
Kenneth Alexander | LTIP - 2018 grant | 225,338 |
Kenneth Alexander | 2017 Deferred Bonus | 100,576 |
Paul Bowtell | LTIP - 2018 grant | 134,076 |
The LTIP awards will normally vest on 20 September 2021, being the third anniversary of the award date, subject to continuous employment and the satisfaction of the relative Total Shareholder Return (50%) and the cumulative Earning Per Share (50%) performance conditions, details of which will be disclosed in the 2018 directors' remuneration report.
In the directors' remuneration policy, 50% of Group CEO's annual bonus is deferred in shares. The above 2017 Deferred Bonus award has been granted in respect of the Group CEO's annual bonus for the 2017 financial year. This award will normally vest on 20 September 2021, being the third anniversary of the award date, subject to continuous employment.
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.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Kenneth Alexander | ||||
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 | GVC Holdings 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 GVC Holdings PLC of €0.01 each IM00B5VQMV65 | ||||
b) | Nature of the transaction | Grant of Conditional shares under the GVC Holdings PLC 2017 Long Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
225,338 ordinary shares of €0.01 each Nil consideration | ||||
e) | Date of the transaction | 20 September 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Kenneth Alexander | ||||
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 | GVC Holdings 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 GVC Holdings PLC of €0.01 each IM00B5VQMV65 | ||||
b) | Nature of the transaction | Grant of Conditional shares under the GVC Holdings PLC Annual and Deferred Bonus Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
100,576 ordinary shares of €0.01 each Nil consideration | ||||
e) | Date of the transaction | 20 September 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Paul Bowtell | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | GVC Holdings 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 GVC Holdings PLC of €0.01 each IM00B5VQMV65 | ||||
b) | Nature of the transaction | Grant of Conditional shares under the GVC Holdings PLC 2017 Long Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
134,076 ordinary shares of €0.01 each Nil consideration | ||||
e) | Date of the transaction | 20 September 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Contact:
GVC Holdings PLC
Robert Hoskin, Company Secretary +350 200 78700