GAME Digital PLC Director/PDMR Shareholding (2078N)

TIDMGMD

RNS Number : 2078N

GAME Digital PLC

21 October 2016

GAME Digital plc (the 'Company') Notification of Transactions of Directors/Persons Discharging Managerial Responsibility

Performance Share Plan

It was confirmed on that on 21 October 2016 that on 20 October 2016, the following awards under the GAME Digital plc Performance Share Plan (the 'PSP') was made to Executive Directors and the PDMR of the Company:

 
 Name            Director /    Allocation of         Total interest 
                  PDMR          Performance Shares    in shares under 
                                (See Note Below)      the PSP following 
                                                      notification 
--------------  ------------  --------------------  ------------------- 
 Martyn Gibbs    Director      830,871               2,166,431 
--------------  ------------  --------------------  ------------------- 
 Mark Gifford    Director      516,986               823,600 
--------------  ------------  --------------------  ------------------- 
 Pablo Crespo    PDMR          262,120               833,132 
--------------  ------------  --------------------  ------------------- 
 

Note: This award was granted as a nil cost option over ordinary shares with a nominal value of GBP0.01 each in the Company, where a participant will normally be entitled to exercise their award and receive the shares between the third and sixth anniversary of grant, subject to the extent to which performance conditions have been satisfied and their continuing employment. No consideration was paid for the grant of the award.

The extent to which any PSP awards will vest will be determined by reference to the Group's basic adjusted earnings per share ('EPS'), 20% of the award, and total shareholder return ('TSR'), 80% of the award, as follows:

 
 Earnings per share                    Total shareholder return 
------------------------------------  ---------------------------------------- 
 Basic adjusted EPS       % of award   Relative TSR growth          % of award 
  for FY18/19 on a tax     vesting      vs. FTSE All-Share           vesting 
  normalised basis (20%                 Index (80% of award) 
  of award) 
-----------------------  -----------  ---------------------------  ----------- 
 7.8p                     25%          0% p.a.                      25% 
-----------------------  -----------  ---------------------------  ----------- 
 9.2p                     100%         10% p.a. (non-cumulative)*   100% 
-----------------------  -----------  ---------------------------  ----------- 
 

* For sake of clarity, equal to the relative TSR growth vs. FTSE All-Share Index + 30% points over the performance period.

Pro-rata vesting will be applied between the points. TSR will be measured over three financial years starting with the financial year in which the award is made, based on an average share price for the 30 dealing days prior to the start of the first financial year and ending with the average share price over the last 30 dealing days of the last financial year.

For the purposes of this award, the grant was made at a Share price of 67.7 pence.

This notification is made in accordance with DTR 3.1.4(1).

Ruth Cartwright

Company Secretary

Tel: [phone]

21 October 2016

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 21, 2016 09:14 ET (13:14 GMT)