Sign In
22 Mar 2018 11:29
LADBROKES CORAL GROUP PLC
Director/PDMR Shareholding
Ladbrokes Coral Group plc (the "Company") announces partial vesting on 21 March 2018, of a conditional award over the Company's ordinary shares of 28⅓ pence per share ("Shares") made in 2015 under the terms of the Company's Performance Share Plan to Jim Mullen, Chief Executive Officer.
The performance criteria attaching to the Share awards comprised four elements, with 25% of the award being subject to Earnings Per Share ("EPS") growth targets; 25% based on Total Shareholder Return ("TSR") against a comparator group; 25% against a measure of free cash flow and 25% based on an assessment of Responsible Gambling by the Social Responsibility Committee of the Company.
Taking into account the performance against the criteria, 60.9% of the original awards vested on 21 March 2018.
Details of the number of Shares vesting in respect of executive directors are as follows:
| Number of Shares Vested | Number of Shares sold1 |
|
|
|
Executive directors |
|
|
Jim Mullen | 471,376 | 222,190 |
This notification is made in accordance with DTR 3.1.4R(1)(a) of the FCA's Disclosure Guidance and Transparency Rules.
The attached notifications made in accordance with the EU Market Abuse Regulation, provide further information.
Geoff Mason
Company Secretary
Notes
1 The participant sold the number of Shares stated to cover liabilities for income tax and national insurance contributions arising on vesting and dealing costs. The sale was made on 21 March 2018 at a price of 172.19 pence per Share.
Notification of transactions of persons discharging managerial responsibilities and persons closely associated with them
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Jim Mullen | ||||
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 | Ladbrokes Coral Group plc | ||||
b) | LEI | 213800P7FJOPCV4H3J04 | ||||
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 | Ordinary shares of 28⅓ pence each ("Shares")
| ||||
| Identification code | GB00B0ZSH635 | ||||
b) | Nature of the transaction | Vesting of Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
- Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2018-03-21 | ||||
f) | Place of the transaction | N/A | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Jim Mullen | ||||
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 | Ladbrokes Coral Group plc | ||||
b) | LEI | 213800P7FJOPCV4H3J04 | ||||
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 | Ordinary shares of 28⅓ pence each ("Shares")
| ||||
| Identification code | GB00B0ZSH635 | ||||
b) | Nature of the transaction | Sale of Shares to cover tax liabilities and dealing costs | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
- Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2018-03-21 | ||||
f) | Place of the transaction | XLON - London Stock Exchange, Main Market | ||||
Follow the stocks
