REG - Entain PLC - Director/PDMR Shareholding

EntainAnnouncement

11/03/2024 14:00

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RNS Number : 3849G  Entain PLC  11 March 2024

11 March 2024

Entain plc

("Entain" or "Group" 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") and
under the Annual and Deferred Bonus Plan ("ADBP")

Entain plc (LSE: ENT), the global sports betting and gaming group, announces
that the following awards over Entain ordinary shares of €0.01 each
("Shares") were granted to Executive Directors of the Company under the Rules
of the LTIP on 11 March 2024 as set out below:

 

 Name          Role                  Number of Shares subject to the Award
 Stella David  Interim CEO           526,626
 Robert Wood   CFO & Deputy CEO      307,202

 

The LTIP awards will normally vest on 11 March 2027, subject to 1) continuous
employment; and 2) the satisfaction of the relative Total Shareholder Return
performance conditions set by the Company's Remuneration Committee on 20
February 2024.  More detail about these stretching performance conditions can
be found in the 2023 Directors' Remuneration Report in the 2023 Entain Annual
Report which will be available on the Entain corporate website
at www.entaingroup.com (http://www.entaingroup.com/) from 22 March 2024
onwards.  The post tax number of shares vesting from these awards are subject
to a two-year, post vest, holding period.

 

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.

 

Entain also announces that the following award over Shares was granted to an
Executive Director of the Company under the Rules of the ADBP on 11 March 2024
as set out below:

 

 Name         Role                  Number of Shares subject to the Award
 Robert Wood  CFO & Deputy CEO      12,239

 

In the Company's remuneration policy, 50% of the Executive Directors' annual
bonus is deferred in shares.  The above deferred bonus award has therefore
been granted in respect of the CFO & Deputy CEO's annual bonus for the
2023 financial year.  This award will normally vest on 11 March 2027, being
the third anniversary of the award date, subject to continued employment.

 

 

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                      secretary@entaingroup.com (mailto:secretary@entaingroup.com)

 Investor Relations - Entain plc        investors@entaingroup.com (mailto:investors@entaingroup.com)

 Media - Entain plc                     media@entaingroup.com

 Powerscourt                            Tel: +44 (0) 20 7250 1446

 Rob Greening/Russ Lynch/Sam Austrums   entain@powerscourt-group.com

 

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 BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds,
Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands
include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and
PartyCasino. The Group owns proprietary technology across all 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 a 50/50 joint venture, BetMGM, a leader in sports betting and
iGaming in the US. Entain provides the technology and capabilities which power
BetMGM as well as exclusive games and products, specially developed at its
in-house gaming studios. The Group is tax resident in the UK and is the only
global operator to exclusively operate in domestically regulated or regulating
markets operating in over 30 territories.

Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AA rated by
MSCI. The Group has set a science-based target, committing to be carbon net
zero by 2035 and through the Entain Foundation supports a variety of
initiatives, focusing on safer gambling, grassroots sport, diversity in
technology and community projects. For more information see the Group's
website: www.entaingroup.com
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.entaingroup.com%2F&data=05%7C01%7CEmily.Carey%40entaingroup.com%7C89986aa3574b4384d55c08db10dbbe93%7C60c43c0a64ac4050bf3e31e1cdfffdeb%7C0%7C0%7C638122308205799396%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=XNdgGlXYdOaFRljkqU6Ae%2BTjlt%2B4xA90bacwAGAunqc%3D&reserved=0)

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Stella David
 2   Reason for the notification
 a)  Position/status                                              Interim 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  Ordinary shares of Entain plc of €0.01 each

 
     Identification code

                                                                  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        526,626

 
 d)  Aggregated information

- Aggregated volume

     - Price                                                      526,626 ordinary shares of €0.01 each

                                                            Nil consideration
 e)  Date of the transaction                                      11/03/2024
 f)  Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information

 -  Aggregated volume
 -  Price

 

 

526,626 ordinary shares of €0.01 each

Nil consideration

e)

Date of the transaction

11/03/2024

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  Ordinary shares of Entain plc of €0.01 each

 
     Identification code

                                                                  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        307,202

 
 d)  Aggregated information

- Aggregated volume

     - Price                                                      307,202 ordinary shares of €0.01 each

                                                            Nil consideration
 e)  Date of the transaction                                      11/03/2024
 f)  Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information

 -  Aggregated volume
 -  Price

 

 

307,202 ordinary shares of €0.01 each

Nil consideration

e)

Date of the transaction

11/03/2024

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  Ordinary shares of Entain plc of €0.01 each

 
     Identification code

                                                                  IM00B5VQMV65
 b)  Nature of the transaction                                    Grant of conditional shares under the Entain plc Annual and Deferred Bonus
                                                                  Plan
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil        12,239

 
 d)  Aggregated information

- Aggregated volume

     - Price                                                      12,239 ordinary shares of €0.01 each

                                                            Nil consideration
 e)  Date of the transaction                                      11/03/2024
 f)  Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information

 -  Aggregated volume
 -  Price

 

 

12,239 ordinary shares of €0.01 each

Nil consideration

e)

Date of the transaction

11/03/2024

f)

Place of the transaction

Outside a trading venue

 

 

 

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