REG - GVC Holdings PLC - Director/ PDMR Shareholding

EntainAnnouncement

21/09/2018 11:00

RNS Number : 5571B
GVC Holdings PLC
21 September 2018
 


21 September 2018
GVC Holdings PLC
("GVC" or "Company")
 
Notification of Transactions by Persons Discharging Managerial Responsibility or Persons Closely Associated
 
Awards granted under the GVC Holdings PLC 2017 Long Term Incentive Plan ("LTIP")

and the GVC Holdings PLC Annual and Deferred Bonus Plan ("2017 Deferred Bonus")
 
The following awards over GVC ordinary shares of €0.01 each ("Shares") were granted to Executive Directors of the Company on 20 September 2018 as set out below.



Name


Plan


Number of Shares subject to the Award




Kenneth Alexander


LTIP - 2018 grant


225,338




Kenneth Alexander


2017 Deferred Bonus


100,576




Paul Bowtell


LTIP - 2018 grant


134,076



 
The LTIP awards will normally vest on 20 September 2021, being the third anniversary of the award date, subject to continuous employment and the satisfaction of the relative Total Shareholder Return (50%) and the cumulative Earning Per Share (50%) performance conditions, details of which will be disclosed in the 2018 directors' remuneration report. 
In the directors' remuneration policy, 50% of Group CEO's annual bonus is deferred in shares.  The above 2017 Deferred Bonus award has been granted in respect of the Group CEO's annual bonus for the 2017 financial year. This award will normally vest on 20 September 2021, being the third anniversary of the award date, subject to continuous 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.




 
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Kenneth Alexander




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


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
Identification code


Ordinary shares of GVC Holdings PLC of €0.01 each 



IM00B5VQMV65




b)


Nature of the transaction


Grant of Conditional shares under the GVC Holdings PLC 2017 Long Term Incentive Plan




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


 225,338








d)


Aggregated information



-


Aggregated volume




-


Price






 
225,338 ordinary shares of €0.01 each


Nil consideration




e)


Date of the transaction


20 September 2018




f)


Place of the transaction


Outside a trading venue



 




 
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Kenneth Alexander




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


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
Identification code


Ordinary shares of GVC Holdings PLC of €0.01 each 



IM00B5VQMV65




b)


Nature of the transaction


Grant of Conditional shares under the GVC Holdings PLC Annual and Deferred Bonus Plan




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


 100,576








d)


Aggregated information



-


Aggregated volume




-


Price






 
100,576 ordinary shares of €0.01 each


Nil consideration




e)


Date of the transaction


20 September 2018




f)


Place of the transaction


Outside a trading venue



 




 
 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Paul Bowtell




2


Reason for the notification




a)


Position/status


Chief Financial Officer




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
Identification code


Ordinary shares of GVC Holdings PLC of €0.01 each 



IM00B5VQMV65




b)


Nature of the transaction


Grant of Conditional shares under the GVC Holdings PLC 2017 Long Term Incentive Plan




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


 134,076








d)


Aggregated information



-


Aggregated volume




-


Price






 
134,076 ordinary shares of €0.01 each


Nil consideration




e)


Date of the transaction


20 September 2018




f)


Place of the transaction


Outside a trading venue



 
Contact: 
 
GVC Holdings PLC
Robert Hoskin, Company Secretary                                 +350 200 78700
 




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