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9 Mar 2012 11:52
9 March 2012
Sportech PLC ("Sportech" or "the Company")
LTIP Option Awards
On 8 March 2012, awards over ordinary shares of 50 pence each in Sportech were made to certain Directors and other persons discharging managerial responsibilities ("PDMRs") as follows.
Name of Director/PDMR | No. of Shares under the Award
| Structure of Award | Total No. of Shares held under Plan Awards |
Ian Penrose | 751,269 | Nil cost Option | 2,628,442 |
Steve Cunliffe | 312,183 | Nil cost Option | 1,442,038 |
Ian Hogg | 374,619 | Nil cost Option | 1,448,093 |
Brooks Pierce | 387,985 | Conditional Award | 1,800,305 |
Luisa Wright | 130,076 | Nil cost Option | 333,692 |
The awards were granted under the rules of the Sportech Performance Share Plan and structured as noted above. No consideration was paid for the grant of the awards and no consideration is due on the maturity of the awards. The awards 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 relevant financial targets are achieved. Once vested, the awards structured as nil cost options shall ordinarily remain exercisable for period of 12 months.
The awards were approved by the Remuneration Committee in respect of 2012, under the Company's annual award cycle.
This notification is being made in accordance with DTR 3.1.4.
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For further information, please contact:
Sportech PLC
Luisa Wright, Group General Counsel & Company Secretary +44 (0)20 7268 2400
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