REG - GVC Holdings PLC - Director/PDMR Shareholding

EntainAnnouncement

05/04/2018 09:05

RNS Number : 9265J
GVC Holdings PLC
05 April 2018
 

5 April 2018
 
GVC Holdings PLC
("GVC" or "Company")
 
Director/PDMR Shareholding
 
As previously announced by GVC on 29 March 2018, Paul Bowtell became a director of the Company on 29 March 2018 following the completion of the acquisition by the Company of Ladbrokes Coral Group plc ("Ladbrokes Coral") (the "Acquisition").
 
As a result of Mr Bowtell's holding of shares in Ladbrokes Coral, and his award of shares under the Ladbrokes Coral shares schemes on court sanction of the scheme of arrangement, Mr Bowtell was issued with 279,064 ordinary shares of EUR 0.01 per share in the capital of GVC ("GVC Shares") on 29 March 2018 as part of the consideration under the terms of the Acquisition.  13,774 GVC Shares were sold on 29 March 2018 at £9.108 per GVC Share in order to cover taxation liabilities under the Ladbrokes Coral share schemes.
 
Paul Bowtell's subsequent balance is 265,290 GVC Shares.
 
The attached notification made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation 596/2014 provides further information.
 
For further information:
GVC Holdings PLC
Robert Hoskin, Company Secretary                     +350 200 78700
 
GVC Holdings PLC LEI: 213800GNI3K45LQR8L28
Notification of transactions of persons discharging managerial responsibilities and persons closely associated with them
 




1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 
 


Paul Bowtell




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Director




b)
 


Initial notification /Amendment
 
 


Initial  notification




3
 


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




a)
 


Name
 
 


GVC Holdings 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 EUR 0.01














Identification code


ISIN:IM00B5VQMV65














b)
 


Nature of the transaction
 
 


Allotment of shares in the Company on acquisition of Ladbrokes Coral Group plc and subsequent sale of shares to meet tax liability




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















9.18


279,064
















9.108


(13,774)






























d)
 


Aggregated information


















- Aggregated volume


265,290














- Price


GBP 2,436,353.9














e)
 


Date of the transaction
 
 


29 March 2018




f)
 


Place of the transaction


XLON - London Stock Exchange, Main Market




 
 



This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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