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8 Mar 2019 07:00
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8 March 2019
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GVC Holdings PLC
("GVC" or "Company")
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Directors' Dealings
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Kenneth Alexander and Lee Feldman have sold the following number of GVC ordinary shares of €0.01 each ("Shares"):
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Name/ Role | Shareholding Prior to Sale | Number of Shares Sold | Price Sold | Number of Shares Retained | Existing Share Plan Awards | Total Shares |
K. Alexander CEO | 2,728,141 | 2,061,475 | ÂŁ6.66 | 666,666 | 568,901 | 1,235,167 |
L. Feldman Chairman | 1,187,408 | 900,000 | ÂŁ6.66 | 287,408 | - | 287,408 |
Note: Kenneth Alexander's shareholding before and after the transaction includes 313,333 shares owned by his wife.
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Following these Share sales, Kenneth Alexander and Lee Feldman retain Shares equivalent in value to 480% and 562% of their annual basic salary / fee respectively.
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Kenneth Alexander commented:
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"We have both held large personal shareholdings in GVC for a long time and continue to do so. Both of us remain fully committed to GVC and, whilst I continue to have the support of our shareholders, I'm here for the long term and at the very least I have a current plan that will take 3 plus years to accomplish. We reported excellent results earlier this week and we both remain convinced of the exciting prospects for the business. Therefore while we continue at GVC we will not reduce our holdings below the current levels."
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Details of the transactions are set out below and this information is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
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For further information:
GVC Holdings PLC | |
Kenneth Alexander, Chief Executive | |
Rob Wood, Chief Financial Officer | |
Paul Tymms, Director of Investor Relations and Corporate Communications | (investors@gvc-plc.com) |
Media enquiries: | |
Buchanan Communications | |
David Rydell/ Henry Harrison-Topham/ Chris Lane | Tel: +44 (0) 20 7466 5066 |
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1 | Details of the PDMR/person closely associated | ||
Full legal name of person / company (or other entity) who/which has undertaken the transaction: Kenneth Alexander | |||
Nature of holding (please delete those not applicable): Beneficial | |||
Name of broker used (if any): Investec | |||
2 | Reason for the notification | ||
2a) | Job title/role of PDMR: | CEO | |
2b) | Status of this notification: | Initial notification | |
3 | Details of the issuer | ||
a) | Name: | GVC HOLDINGS PLC | |
b) | LEI: | 213800GNI3K45LQR8L28 | |
4 | Details of the transaction(s) | ||
4a) | Type of instrument: | Ordinary shares of €0.01 each | |
4b) | Nature of the transaction: | Share Sale | |
 4c)  | Price per share (in pence) and volume (number) of shares: | Price per share in pence | Volume |
665.9743 | 2,061,475 | ||
 4d) | Totals from 4(c):  | -Price per share in pence | Total volume |
665.9743 | 2,061,475 | ||
4e) | Date of execution of transaction: (YYYY - MM - DD) 2019-03-06 | ||
4f) | Place of transaction: | London Stock Exchange | |
5 | Beneficial shareholding before the transaction (including shares held by associated persons): | 2,728,141 | |
6 | Beneficial shareholding after the transaction (including shares held by your associated persons): | 666,666 Â | |
1 | Details of the PDMR/person closely associated | ||
Full legal name of person / company (or other entity) who/which has undertaken the transaction: Lee Feldman | |||
Nature of holding (please delete those not applicable): Beneficial | |||
Name of broker used (if any): [Investec] | |||
2 | Reason for the notification | ||
2a) | Job title/role of PDMR: | Chairman | |
2b) | Status of this notification: | Initial notification | |
3 | Details of the issuer | ||
a) | Name: | GVC HOLDINGS PLC | |
b) | LEI: | 213800GNI3K45LQR8L28 | |
4 | Details of the transaction(s) | ||
4a) | Type of instrument: | Ordinary shares of €0.01 each | |
4b) | Nature of the transaction: | Share Sale | |
 4c)  | Price per share (in pence) and volume (number) of shares: | Price per share in pence | Volume |
665.9743 | 900,000 | ||
 4d) | Totals from 4(c):  | -Price per share in pence | Total volume |
665.9743 | 900,000 Â | ||
4e) | Date of execution of transaction: (YYYY - MM - DD) 2019-03-06 | ||
4f) | Place of transaction: | London Stock Exchange | |
5 | Beneficial shareholding before the transaction (including shares held by associated persons): | Â 1,187,408 | |
6 | Beneficial shareholding after the transaction (including shares held by your associated persons): | 287,408 Â | |
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