REG - Playtech PLC - Director/PDMR Shareholding
22/08/2022 16:30
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RNS Number : 8202W Playtech PLC 22 August 2022
Playtech PLC
('Playtech' or the 'Company')
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them in
accordance with the Market Abuse Regulations.
On 19 August 2022, the below awards under the Playtech Long Term Incentive
Plan 2022 (the "Plan") were made to certain PDMRs of the Company. As stated in
the Annual Report, following shareholder approval of a new LTIP, the
Remuneration Committee has approved the grant of LTIP awards this year at 200%
of salary for the CEO and 150% for the CFO. The Remuneration Committee
confirms it has not and will not issue any form of catch-up LTIP award for
2021 despite no awards being made due to the Company being in a closed period
for the majority of last year.
PDMR No. of shares under award
Mor Weizer 351,724
Andrew Smith 144,041
The awards are structured as nil cost options over ordinary shares
of no par value, and, subject to certain conditions, will ordinarily become
exercisable as from 18 August 2025. Once exercisable, an award shall
ordinarily remain exercisable as to its vested shares until the eve of the
tenth anniversary of the grant date of the awards. The performance conditions
to which the awards are subject are total shareholder return versus the FTSE
250 Index, total shareholder return compared to the Company's peer group, and
challenging EPS growth targets.
Further details of the awards are set out below.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mor Weizer
2 Reason for Notification
a) Position/status Chief Executive Officer
b) Initial notification/Amendment Initial Announcement
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Playtech plc
b) LEI 21380068TTB6Z9ZEU548
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 Playtech plc of no par value
Identification code IM00B7S9G985
b) Nature of the transaction Grant of a nil cost option award under the Company's LTIP Scheme. The award
will ordinarily become exercisable as from 18 August 2025, subject to
continued service and the extent to which performance conditions consisting
of both total shareholder return and earnings per share performance are
satisfied. In the case of total shareholder return, performance will be
measured over the three-year period ending on 18 August 2025. In the case of
earnings per share, performance will be measured over the three financial
years ending on 31 December 2024. Once exercisable, the award shall
ordinarily remain exercisable as to its vested shares until the eve of the
tenth anniversary of the grant date of the award.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 351,724
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 19 August 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
19 August 2022
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Andrew Smith
2 Reason for Notification
a) Position/status Chief Financial Officer
b) Initial notification/Amendment Initial Announcement
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Playtech plc
b) LEI 21380068TTB6Z9ZEU548
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 Playtech plc of no par value
Identification code IM00B7S9G985
b) Nature of the transaction Grant of a nil cost option award under the Company's LTIP Scheme. The award
will ordinarily become exercisable as from 18 August 2025, subject to
continued service and the extent to which performance conditions consisting
of both total shareholder return and earnings per share performance are
satisfied. In the case of total shareholder return, performance will be
measured over the three-year period ending on 18 August 2025. In the case of
earnings per share, performance will be measured over the three financial
years ending on 31 December 2024. Once exercisable, the award shall
ordinarily remain exercisable as to its vested shares until the eve of the
tenth anniversary of the grant date of the award.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 144,041
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 19 August 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
19 August 2022
f)
Place of the transaction
Outside a trading venue
- ENDS -
For further information please contact:
Playtech plc
Chris McGinnis, Director of Investor Relations & Strategic Analysis
Headland (PR adviser to Playtech)
+44 (0) 2038054822
Lucy Legh, Stephen Malthouse
About Playtech
Founded in 1999 and premium listed on the Main Market of the London Stock
Exchange, Playtech is a technology leader in the gambling and financial
trading industries with over 6,600 employees across 26 countries.
Playtech is the gambling industry's leading technology company delivering
business intelligence driven gambling software, services, content and platform
technology across the industry's most popular product verticals, including,
casino, live casino, sports betting, virtual sports, bingo and poker. It is
the pioneer of omni-channel gambling technology through its integrated
platform technology, Playtech ONE. Playtech ONE delivers data driven marketing
expertise, single wallet functionality, CRM and responsible gambling solutions
across one single platform across product verticals and across retail and
online.
Playtech partners with and invests in the leading brands in regulated and
newly regulated markets to deliver its data driven gambling technology across
the retail and online value chain. Playtech provides its technology on a B2B
basis to the industry's leading retail and online operators, land-based casino
groups and government sponsored entities such as lotteries. Playtech directly
owns and operates Snai, the leading sports betting and gaming brand across
online and retail in Italy.
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