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TIDMSBT
RNS Number : 9608I
Sportingbet PLC
31 July 2012
Sportingbet Plc
31 July 2012
Director Shareholding and Total Voting Rights
Sportingbet Plc (the "Company") announces that today:
Following the Company's move to the Official List in May 2010, the Board appointed external remuneration consultants in January 2011 to review the Company's remuneration policy. This review subsequently set out a number of recommendations, one of which was that remuneration arrangements which pre-dated the Company's move to the Official List in 2010 should be honoured provided that such arrangements relate to a period of time no later than 31 July 2012, being the end of the Company's current financial year. The Board adopted this recommendation in 2011.
As part of the Company's remuneration policy, as disclosed for the previous four financial years, non-executive directors receive part of their basic salary in the form of ordinary shares of 0.1p each in the Company ("Ordinary Shares"). For the financial year ended 31 July 2012, this was set at GBP40,000 each, being the level adopted for each of the previous four financial years. This award would be made in two equal tranches - half way through the 2011/12 financial year and at its end. As a result of adopting this recommendation within the recent external review, future awards of this equity-based remuneration have ceased.
The final part of the award under this process has been made today to coincide with the end of the financial year. Consequently, Peter Dicks and Brian Harris have been awarded Ordinary Shares equal to the sum of GBP20,000 each.
Two of the Company's non-executive directors have therefore received an interest in the following number of Ordinary Shares on 31 July 2012 (the "Directors' Ordinary Shares"):
Name of Non-Executive Director No. of Ordinary Shares
Peter Dicks 62,096
Brian Harris 62,096
As a result of the above, the directors' interests in the Company's Ordinary Shares is as follows:
Name of Non-Executive Director No. of Ordinary Shares
Peter Dicks 699,622
Brian Harris 476,775
Application has been made to the Main Market of the London Stock Exchange and to the Premium Segment of the Official List of the UKLA for the Directors' Ordinary Shares to be admitted to trading. Admission is expected to take place on or around 7 August 2012 and all shares will rank pari passu with the existing, issued Ordinary Shares.
As at the date of these announcements the Company's issued share capital consists of 667,095,640 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in Treasury.
Therefore, the total number of voting rights in the Company is 667,095,640.
The above figure 667,095,640 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.
31 July 2012
Sportingbet Plc
Daniel Talisman +44 (0) 20 7184 1800
Oriel Securities Limited
Emma Griffin/Stewart Wallace +44 (0) 20 7710 7600
This information is provided by RNS
The company news service from the London Stock Exchange
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