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22 Aug 2022 16:30
Playtech PLC
('Playtech' or the 'Company')
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.
On 19 August 2022, the below awards under the Playtech Long Term Incentive Plan 2022 (the "Plan") were made to certain PDMRs of the Company. As stated in the Annual Report, following shareholder approval of a new LTIP, the Remuneration Committee has approved the grant of LTIP awards this year at 200% of salary for the CEO and 150% for the CFO. The Remuneration Committee confirms it has not and will not issue any form of catch-up LTIP award for 2021 despite no awards being made due to the Company being in a closed period for the majority of last year.
PDMR | No. of shares under award |
Mor Weizer | 351,724 |
Andrew Smith | 144,041 |
The awards are structured as nil cost options over ordinary shares of no par value, and, subject to certain conditions, will ordinarily become exercisable as from 18 August 2025. Once exercisable, an award shall ordinarily remain exercisable as to its vested shares until the eve of the tenth anniversary of the grant date of the awards. The performance conditions to which the awards are subject are total shareholder return versus the FTSE 250 Index, total shareholder return compared to the Company's peer group, and challenging EPS growth targets.
Further details of the awards are set out below.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Mor Weizer | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Playtech plc | ||||
b) | LEI | 21380068TTB6Z9ZEU548 | ||||
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 Playtech plc of no par value IM00B7S9G985 | ||||
b) | Nature of the transaction | Grant of a nil cost option award under the Company's LTIP Scheme. The award will ordinarily become exercisable as from 18 August 2025, subject to continued service and the extent to which performance conditions consisting of both total shareholder return and earnings per share performance are satisfied. In the case of total shareholder return, performance will be measured over the three-year period ending on 18 August 2025. In the case of earnings per share, performance will be measured over the three financial years ending on 31 December 2024. Once exercisable, the award shall ordinarily remain exercisable as to its vested shares until the eve of the tenth anniversary of the grant date of the award.
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 19 August 2022 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Andrew Smith | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Playtech plc | ||||
b) | LEI | 21380068TTB6Z9ZEU548 | ||||
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 Playtech plc of no par value IM00B7S9G985 | ||||
b) | Nature of the transaction | Grant of a nil cost option award under the Company's LTIP Scheme. The award will ordinarily become exercisable as from 18 August 2025, subject to continued service and the extent to which performance conditions consisting of both total shareholder return and earnings per share performance are satisfied. In the case of total shareholder return, performance will be measured over the three-year period ending on 18 August 2025. In the case of earnings per share, performance will be measured over the three financial years ending on 31 December 2024. Once exercisable, the award shall ordinarily remain exercisable as to its vested shares until the eve of the tenth anniversary of the grant date of the award.
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 19 August 2022 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
- ENDS -
For further information please contact:
Playtech plc Chris McGinnis, Director of Investor Relations & Strategic Analysis
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Headland (PR adviser to Playtech) +44 (0) 2038054822
Lucy Legh, Stephen Malthouse | ||
About Playtech
Founded in 1999 and premium listed on the Main Market of the London Stock Exchange, Playtech is a technology leader in the gambling and financial trading industries with over 6,600 employees across 26 countries.
Playtech is the gambling industry's leading technology company delivering business intelligence driven gambling software, services, content and platform technology across the industry's most popular product verticals, including, casino, live casino, sports betting, virtual sports, bingo and poker. It is the pioneer of omni-channel gambling technology through its integrated platform technology, Playtech ONE. Playtech ONE delivers data driven marketing expertise, single wallet functionality, CRM and responsible gambling solutions across one single platform across product verticals and across retail and online.
Playtech partners with and invests in the leading brands in regulated and newly regulated markets to deliver its data driven gambling technology across the retail and online value chain. Playtech provides its technology on a B2B basis to the industry's leading retail and online operators, land-based casino groups and government sponsored entities such as lotteries. Playtech directly owns and operates Snai, the leading sports betting and gaming brand across online and retail in Italy.
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