Sportech PLC Director/PDMR Shareholding (5166A)

TIDMSPO

RNS Number : 5166A

Sportech PLC

24 March 2017

24 March 2017

Sportech PLC

LTIP Option Awards

On 24 March 2017, awards over ordinary shares of 50 pence each in Sportech PLC (the "Company") were made to certain Directors and other persons discharging managerial responsibilities ("PDMR") as follows.

 
Name of Director/PDMR  No. of Shares  Structure 
                         under the     of Award            Exerciseable 
                           Award 
     Ian Penrose          419,552     Nil Cost 
                                        Option 
    Mickey Kalifa         200,328     Nil Cost 
                                        Option 
   Andrew Gaughan         191,387     Nil Cost 
                                        Option 
    Luisa Wright          105,773     Nil Cost        On third anniversary 
                                        Option        subject to continuing 
                                                  employment, total shareholder 
                                                   return and other financial 
                                                      performance criteria 
 

The awards were granted under the rules of the Sportech Performance Share Plan and structured as noted above. No consideration was paid for the grant of the awards and no consideration is due on the maturity of the awards. The awards will normally become exercisable (or vest as relevant) shortly following the third anniversary of grant, subject to continued employment and to the extent the total shareholder return and financial performance conditions are achieved. Once vested, the awards structured as nil cost options shall ordinarily remain exercisable for a period of 12 months.

This notification is being made in accordance with DTR 3.1.4.

Form for Notification and Public Disclosure of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them:

 
 1.    Details of the person discharging managerial 
        responsibilities/person closely associated 
----  ---------------------------------------------------------------------- 
 (a)   Name                            (i) Ian Penrose 
                                        (ii) Mickey Kalifa 
                                        (iii) Andrew Gaughan 
                                        (iv) Luisa Wright 
----  -------------------------  ------------------------------------------- 
 2.    Reason for the notification 
----  ---------------------------------------------------------------------- 
 (a)   Position/status                 (i) Chief Executive Officer 
                                        (ii) Chief Financial Officer 
                                        (iii) Executive Director 
                                        (iv) Group General Counsel 
                                        and Company Secretary 
----  -------------------------  ------------------------------------------- 
 (b)   Initial notification/      Initial notification 
        Amendment 
----  -------------------------  ------------------------------------------- 
 3.    Details of the issuer 
----  ---------------------------------------------------------------------- 
 (a)   Name                       Sportech PLC 
----  -------------------------  ------------------------------------------- 
 (b)   LEI                        N/A 
----  -------------------------  ------------------------------------------- 
 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                Ordinary shares of 50 pence 
        of the Financial           each 
        Instrument 
----  -------------------------  ------------------------------------------- 
 (b)   Identification             GB00B28ZPV64 
        code of the 
        Financial Instrument 
----  -------------------------  ------------------------------------------- 
 (c)   Nature of the              Awards made under the Sportech 
        transaction                Performance Share Plan 
----  -------------------------  ------------------------------------------- 
 (d)   Price(s) and               Price(s)               Volume(s) 
        volume(s) 
                                 ---------------------  -------------------- 
                                       (i) Nil Cost           (i) 419,552 
                                        Option                 (ii) 200,328 
                                        (ii) Nil Cost          (iii) 191,387 
                                        Option                 (iv) 105,773 
                                        (iii) Nil Cost 
                                        Option 
                                        (iv) Nil Cost 
                                        Option 
                                 ---------------------  -------------------- 
 
 (e)   Aggregated information     N/A 
         *    Aggregated volume 
 
 
        - Price 
----  -------------------------  ------------------------------------------- 
 (f)   Date of the                23 March 2017 
        transaction 
----  -------------------------  ------------------------------------------- 
 (g)   Place of the               London Stock Exchange 
        transaction 
----  -------------------------  ------------------------------------------- 
 

For further information, please contact:

Sportech PLC

Luisa Wright, Group General Counsel & Company Secretary [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 24, 2017 11:42 ET (15:42 GMT)