REG - GVC Holdings PLC - Directors' Dealings

EntainAnnouncement

08/03/2019 07:05

RNS Number : 2421S
GVC Holdings PLC
08 March 2019
 


 
8 March 2019
 
GVC Holdings PLC
("GVC" or "Company")
 
Directors' Dealings
 
Kenneth Alexander and Lee Feldman have sold the following number of GVC ordinary shares of €0.01 each ("Shares"):
 



Name/
Role


Shareholding Prior to Sale


Number of Shares Sold


Price Sold


Number of Shares Retained


Existing Share Plan  Awards


Total Shares




K. Alexander
CEO


2,728,141


2,061,475


£6.66


666,666


568,901


1,235,167




L. Feldman
Chairman


1,187,408


900,000


£6.66


287,408


-


287,408



Note: Kenneth Alexander's shareholding before and after the transaction includes 313,333 shares owned by his wife.
 
Following these Share sales, Kenneth Alexander and Lee Feldman retain Shares equivalent in value to 480% and 562% of their annual basic salary / fee respectively.
 
Kenneth Alexander commented:
 
"We have both held large personal shareholdings in GVC for a long time and continue to do so. Both of us remain fully committed to GVC and, whilst I continue to have the support of our shareholders, I'm here for the long term and at the very least I have a current plan that will take 3 plus years to accomplish. We reported excellent results earlier this week and we both remain convinced of the exciting prospects for the business. Therefore while we continue at GVC we will not reduce our holdings below the current levels."
 
Details of the transactions are set out below and this information is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
 
 
 
For further information:



GVC Holdings PLC








Kenneth Alexander, Chief Executive








Rob Wood, Chief Financial Officer








Paul Tymms, Director of Investor Relations and Corporate Communications


(investors@gvc-plc.com)














Media enquiries:








Buchanan Communications








David Rydell/ Henry Harrison-Topham/ Chris Lane


Tel: +44 (0) 20 7466 5066



 




 



1


Details of the PDMR/person closely associated








Full legal name of person / company (or other entity) who/which has undertaken the transaction: Kenneth Alexander








Nature of holding (please delete those not applicable): Beneficial








Name of broker used (if any): Investec




2


Reason for the notification




2a)


Job title/role of PDMR:


CEO




2b)


Status of this notification:


Initial notification




3


Details of the issuer




a)


Name:


GVC HOLDINGS PLC




b)


LEI:


213800GNI3K45LQR8L28




4


Details of the transaction(s)




4a)


Type of instrument:


Ordinary shares of €0.01 each




4b)


Nature of the transaction:


Share Sale




 
4c)
 


Price per share (in pence) and volume (number) of shares:


Price per share in pence


Volume




665.9743


2,061,475




 
4d)


Totals from 4(c):
 


-Price per share in pence


Total volume




665.9743


2,061,475




4e)


Date of execution of transaction: (YYYY - MM - DD)        2019-03-06




4f)


Place of transaction:


London Stock Exchange




5


Beneficial shareholding before the transaction (including shares held by  associated  persons):


2,728,141




6


Beneficial shareholding after the transaction (including shares held by your associated persons):


666,666
 




1


Details of the PDMR/person closely associated








Full legal name of person / company (or other entity) who/which has undertaken the transaction: Lee Feldman








Nature of holding (please delete those not applicable): Beneficial








Name of broker used (if any): [Investec]




2


Reason for the notification




2a)


Job title/role of PDMR:


Chairman




2b)


Status of this notification:


Initial notification




3


Details of the issuer




a)


Name:


GVC HOLDINGS PLC




b)


LEI:


213800GNI3K45LQR8L28




4


Details of the transaction(s)




4a)


Type of instrument:


Ordinary shares of €0.01 each




4b)


Nature of the transaction:


Share Sale




 
4c)
 


Price per share (in pence) and volume (number) of shares:


Price per share in pence


Volume




665.9743


900,000




 
4d)


Totals from 4(c):
 


-Price per share in pence


Total volume




665.9743


900,000
 




4e)


Date of execution of transaction: (YYYY - MM - DD)        2019-03-06




4f)


Place of transaction:


London Stock Exchange




5


Beneficial shareholding before the transaction (including shares held by  associated  persons):


 1,187,408




6


Beneficial shareholding after the transaction (including shares held by your associated persons):


287,408  
 



 




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