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Director/PDMR Shareholding - Replacement

18 May 2020 17:00

RNS Number : 2394N
Flutter Entertainment PLC
18 May 2020
 

18 May 2020

Flutter Entertainment plc (the "Company")

Director/PDMR Shareholding

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

The following announcement replaces the Director/PDMR Shareholding announcement (RNS number 3392M) released on 7 May 2020 at 5:59pm in its entirety.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Richard Flint 

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification /Amendment

Amendment Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Flutter Entertainment plc

b)

LEI

635400EG4YIJLJMZJ782

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

Flutter Entertainment plc ordinary shares of EUR0.09 each ("Flutter Shares")

 

IE00BWT6H894

b)

Nature of the transaction

Issue of Flutter Shares in exchange for The Stars Group Inc. ("TSG") shares upon completion of an all-share combination between Flutter Entertainment plc and TSG implemented through an acquisition of TSG by Flutter pursuant to a plan of arrangement under the Business Corporations Act (Ontario). 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

(i) Exchange of shares in TSG at exchange ratio of 0.2253 for Flutter Shares

 

12,391 

d)

Aggregated information

- Aggregated volume

 

- Price

 

 

N/A

 

e)

Date of the transaction

2020-05-05

f)

Place of the transaction

Outside a trading venue

g)

Additional information

In addition to the above, Richard Flint held 11,550 Flutter shares before his appointment as a Director on 5 May 2020.  

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Divyesh ("Dave") Gadhia

2

Reason for the notification

a)

Position/status

Non-Executive Director and Deputy Chair

b)

Initial notification /Amendment

Amendment Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Flutter Entertainment plc

b)

LEI

635400EG4YIJLJMZJ782

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

Flutter Entertainment plc ordinary shares of EUR0.09 each ("Flutter Shares")

 

IE00BWT6H894

b)

Nature of the transaction

Upon completion of an all-share combination between Flutter Entertainment plc and The Stars Group Inc. ("TSG") implemented through an acquisition of TSG by Flutter pursuant to a plan of arrangement under the Business Corporations Act (Ontario):

(i) Issue of Flutter Shares in exchange for TSG shares or vesting awards;

(ii) Grant of replacement awards over Flutter Shares in exchange for vested TSG awards; and

(iii) Grant of replacement options over Flutter Shares in exchange for vested TSG options.

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

(i) Exchange of shares in TSG at exchange ratio of 0.2253 for Flutter Shares

 

79,684

 

(ii) Exchange of awards in TSG at exchange ratio of 0.2253 for Flutter DSU awards exercisable upon ceasing to be a Director of the Company

 

38,770

(iii) Exchange of options in TSG at exchange ratio of 0.2253 for Flutter options - the exercise prices are 121.00 CAD & 138.93 CAD and which may be exercised between 05/05/2020 - 18/09/2022 and 05/05/2020 - 08/09/2021

2,702

 

d)

Aggregated information

- Aggregated volume

 

- Price

 

 

N/A

 

e)

Date of the transaction

2020-05-05

f)

Place of the transaction

Outside a trading venue

g)

Additional information

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Rafael ("Rafi") Ashkenazi

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification /Amendment

Amendment Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Flutter Entertainment plc

b)

LEI

635400EG4YIJLJMZJ782

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

Flutter Entertainment plc ordinary shares of EUR0.09 each ("Flutter Shares")

 

IE00BWT6H894

b)

Nature of the transaction

Upon completion of an all-share combination between Flutter Entertainment plc and The Stars Group Inc. ("TSG") implemented through an acquisition of TSG by Flutter pursuant to a plan of arrangement under the Business Corporations Act (Ontario), the issue of Flutter Shares in exchange for TSG shares or vesting awards.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Exchange of shares in TSG at exchange ratio of 0.2253 for Flutter Shares

 

198,663

d)

Aggregated information

- Aggregated volume

 

- Price

 

 

N/A

 

e)

Date of the transaction

2020-05-05

f)

Place of the transaction

Outside a trading venue

g)

Additional information

 

 

 

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

David Lazzarato

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification /Amendment

Amendment Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Flutter Entertainment plc

b)

LEI

635400EG4YIJLJMZJ782

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

Flutter Entertainment plc ordinary shares of EUR0.09 each ("Flutter Shares")

 

IE00BWT6H894

b)

Nature of the transaction

Upon completion of an all-share combination between Flutter Entertainment plc and The Stars Group Inc. ("TSG") implemented through an acquisition of TSG by Flutter pursuant to a plan of arrangement under the Business Corporations Act (Ontario):

(i) Issue of Flutter Shares in exchange for TSG shares or vesting awards; and

(ii) Grant of replacement awards over Flutter Shares in exchange for vested TSG awards.

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

(i) Exchange of shares in TSG at exchange ratio of 0.2253 for Flutter Shares

 

3,916

(ii) Exchange of awards in TSG at exchange ratio of 0.2253 for Flutter DSU awards exercisable upon ceasing to be a Director of the Company

 

8,291

 

d)

Aggregated information

- Aggregated volume

 

- Price

 

 

N/A

 

e)

Date of the transaction

2020-05-05

f)

Place of the transaction

Outside a trading venue

g)

Additional information

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Alfred F. Hurley Jr

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification /Amendment

Amendment Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Flutter Entertainment plc

b)

LEI

635400EG4YIJLJMZJ782

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

Flutter Entertainment plc ordinary shares of EUR0.09 each ("Flutter Shares")

 

IE00BWT6H894

b)

Nature of the transaction

Upon completion of an all-share combination between Flutter Entertainment plc and The Stars Group Inc. ("TSG") implemented through an acquisition of TSG by Flutter pursuant to a plan of arrangement under the Business Corporations Act (Ontario):

(i) Issue of Flutter Shares in exchange for TSG shares or vesting awards; and

(ii) Grant of replacement awards over Flutter Shares in exchange for vested TSG awards.

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

(i) Exchange of shares in TSG at exchange ratio of 0.2253 for Flutter Shares

 

4,183

(ii) Exchange of awards in TSG at exchange ratio of 0.2253 for Flutter DSU awards exercisable upon ceasing to be a Director of the Company

 

14,078

d)

Aggregated information

- Aggregated volume

 

- Price

 

 

N/A

 

e)

Date of the transaction

2020-05-05

f)

Place of the transaction

Outside a trading venue

g)

Additional information

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mary Turner

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification /Amendment

Amendment Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Flutter Entertainment plc

b)

LEI

635400EG4YIJLJMZJ782

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

Flutter Entertainment plc ordinary shares of EUR0.09 each ("Flutter Shares")

 

IE00BWT6H894

b)

Nature of the transaction

Upon completion of an all-share combination between Flutter Entertainment plc and The Stars Group Inc. ("TSG") implemented through an acquisition of TSG by Flutter pursuant to a plan of arrangement under the Business Corporations Act (Ontario):

(i) Issue of Flutter Shares in exchange for TSG shares or vesting awards; and

(ii) Grant of replacement awards over Flutter Shares in exchange for vested TSG awards.

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

(i) Exchange of shares in TSG at exchange ratio of 0.2253 for Flutter Shares

 

5,493

(ii) Exchange of awards in TSG at exchange ratio of 0.2253 for Flutter DSU awards exercisable upon ceasing to be a Director of the Company

 

7,096

d)

Aggregated information

- Aggregated volume

 

- Price

 

 

N/A

 

e)

Date of the transaction

2020-05-05

f)

Place of the transaction

Outside a trading venue

g)

Additional information

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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