28 May 2013 17:16
28 May 2013
Sportech PLC ("Sportech" or "the Company")
LTIP option Awards
On 24 May 2013, awards over ordinary shares of 50 pence each in Sportech PLC (the "company") were made to Cliff Baty as follows.
Name of Director
| No. of Shares under the Award | Structure of Award | Total No. of Shares held under Plan Awards
|
Cliff Baty
| 276,000 | Nil Cost Option | 276,000 |
The award was granted under the rules of the Sportech performance Share Plan and structured as noted above. No consideration was paid for the grant of the award and no consideration is due on the maturity of the awards. The award will normally become exercisable (or vest as relevant) shortly following the third anniversary of grant, subject to continued employment and to the extent total shareholder return and earnings per share targets are achieved. Once vested, the awards structured as nil cost options shall ordinarily remain exercisable for period of 12 months.
The Company was informed of the above transaction on 24 May 2013
This notification is being made in accordance with DTR 3.1.4.
-ends-
For further information please contact:
Sportech PLC
Bob Mercer, Company Secretary +44 (0)20 7268 2400