REG - Entain PLC - Director/PDMR Shareholding

EntainAnnouncement

25/03/2021 13:30

RNS Number : 5285T
  
Entain PLC
  
25 March 2021
  
 

 
 
25 March 2021
Entain plc
("Entain" or "Company")
 
Notification of Transactions by Persons Discharging Managerial Responsibility
Or Persons Closely Associated
 
Awards granted under the Entain plc 2017 Long Term Incentive Plan ("LTIP")
 
Entain plc (LSE: ENT), the global sports betting and gaming group, announces the following awards over Entain ordinary shares of €0.01 each ("Shares") were granted to Executive Directors of the Company on 24 March 2021 as set out below:
 



Director


Plan


Number of Shares subject to the Award




Jette Nygaard-Andersen
CEO


LTIP 2021 grant


147,540
 




Robert Wood
CFO and Deputy CEO


LTIP 2021 grant


86,065




Robert Hoskin
Chief Governance Officer


LTIP 2021 grant


65,573



 
Entain has also been notified that on 24 March 2021 Robert Hoskin had acquired ordinary shares of €0.01 each in the capital of the Company as set out below.
 



Name/ Role


Shares held prior to dealing


Nature of Transaction


Number of Shares acquired


Price (p)


Total Shares held after dealing




Robert Hoskin
Chief Governance Officer


762


Option Exercise


11,734


Nil


12,496



 
 
The LTIP awards will normally vest on 24 March 2024, being the third anniversary of the award date subject to 1) continuous employment; and 2) the satisfaction of the relative Total Shareholder Return  and the cumulative Earnings Per Share performance conditions set by the Company's Remuneration Committee on 24 February 2021.  These stretching performance conditions, are detailed in the 2020 Directors' Remuneration Report in the Entain Annual Report (that will be available on the Entain corporate website at www.entaingroup.com from Monday 29th March 2021).
 
The terms of these awards provide the Remuneration Committee with the ability to review the outcome at vesting and, if it concludes that participants would benefit from 'windfall gains', it will consider making appropriate adjustments to reflect this.
 
Following the above transactions the Entain Directors hold in aggregate 204,018 Shares (including those of their closely associated persons) equivalent to 0.02% of the Company's issued share capital.
 
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
 
 
Enquiries:
 



Company Secretary
Emily Carey
 
Investor Relations
 


secretary@entaingroup.com


 




David Lloyd-Seed, Group Director of Investor Relations & Corporate Communications


investors@entaingroup.com




 


 




Powerscourt


entain@powerscourt-group.com




Rob Greening / Elly Williamson


Tel: +44 (0) 20 7250 1446
 



LEI:213800GNI3K45LQR8L28
 
About Entain plc
Entain plc (LSE:ENT) is a FTSE100 company and is one of the world's largest sports-betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. The Group has also entered into a joint-venture with MGM Resorts to capitalise on the sports-betting and gaming opportunity in the US. The Group is tax resident in the UK with licenses in more than 20 countries, across five continents.
 
For more information see the Group's website: www.entaingroup.com 
 
 




 
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Jette Nygaard-Andersen




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


Entain plc




b)


LEI


213800GNI3K45LQR8L28




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 Entain plc of €0.01 each 



IM00B5VQMV65




b)


Nature of the transaction


Grant of conditional shares under the Entain plc 2017 Long Term Incentive Plan




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


 147,540








d)


Aggregated information



-


Aggregated volume




-


Price






 
147,540 ordinary shares of €0.01 each


Nil consideration




e)


Date of the transaction


24 March 2021




f)


Place of the transaction


Outside a trading venue



 




 
 
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Robert Wood




2


Reason for the notification




a)


Position/status


Chief Financial Officer and Deputy 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


Entain plc




b)


LEI


213800GNI3K45LQR8L28




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 Entain plc of €0.01 each 



IM00B5VQMV65




b)


Nature of the transaction


Grant of conditional shares under the Entain plc 2017 Long Term Incentive Plan




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


 86,065








d)


Aggregated information



-


Aggregated volume




-


Price






 
86,065 ordinary shares of €0.01 each


Nil consideration




e)


Date of the transaction


24 March 2021




f)


Place of the transaction


Outside a trading venue



 
 
 
 
 
 
 
 
 
 
 
 
 
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Robert Hoskin





2


Reason for the notification




a)


Position/status


Chief Governance Officer




b)


Initial notification/Amendment


Initial notification




3


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




a)


Name


Entain plc




b)


LEI


213800GNI3K45LQR8L28




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 Entain plc of €0.01 each 



IM00B5VQMV65




b)


Nature of the transaction


Grant of nil cost option shares under the Entain plc 2017 Long Term Incentive Plan




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


65,573
 








d)


Aggregated information



-


Aggregated volume




-


Price






 
65,573 ordinary shares of €0.01 each


Nil consideration




e)


Date of the transaction


24 March 2021




f)


Place of the transaction


Outside a trading venue



 




 
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Robert Hoskin





2


Reason for the notification




a)


Position/status


Chief Governance Officer




b)


Initial notification/Amendment


Initial notification




3


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




a)


Name


Entain plc




b)


LEI


213800GNI3K45LQR8L28




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 Entain plc of €0.01 each 



IM00B5VQMV65




b)


Nature of the transaction


Exercise of options granted under the 2017 Long Term Incentive Plan




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


11,734
 








d)


Aggregated information



-


Aggregated volume




-


Price






 
11,734 ordinary shares of €0.01 each


Nil consideration




e)


Date of the transaction


24 March 2021




f)


Place of the transaction


Outside a trading venue



 
 
 

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