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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Stride Gaming Plc | LSE:STR | London | Ordinary Share | JE00BWT5X884 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 149.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMSTR
RNS Number : 2375H
Stride Gaming PLC
06 June 2017
6 June 2017
Stride Gaming plc
("Stride Gaming", or the "Company")
Award and issuance of ordinary shares of 1p in the Company ("Ordinary Shares") under the Long-Term Incentive Plan ("LTIP")
Pursuant to the authority granted at the General Meeting on 23 August 2016, the Company announces that it has today made a grant of a Forfeitable Shares Award under the terms of the Stride Gaming plc Long Term Incentive Plan to the executive directors of Stride Gaming, with the details of the awards summarised below.
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Director and PDMR Number of Ordinary Number of Ordinary
Shares which LTIP Shares which LTIP
awards were granted awards were granted
for 2015/2016 for 2016/2017
------------------- --------------------- ---------------------
Eitan Boyd 111,111 113,333
------------------- --------------------- ---------------------
Darren Sims 111,111 113,333
------------------- --------------------- ---------------------
Ronen Kannor 66,667 77,778
------------------- --------------------- ---------------------
Total 288,889 304,444
------------------- --------------------- ---------------------
Date of vesting 31/08/2018 31/08/2019
------------------- --------------------- ---------------------
The awards under the LTIP will be satisfied in the form of Ordinary Shares, with a face value of up to 100% of the respective director's salary for the relevant financial year, on a three-year vesting period with the authority by the remuneration committee to shorten standard vesting periods to take account of delayed award cycles. The award will be subject to stretching performance conditions set at the time of grant, which includes metrics based on the Company's financial performance which is in line with the Company's stated growth strategy. The vested LTIP awards will be exercisable until the tenth anniversary of the grant date, subject to the individual's ongoing employment. The beneficial interest in the Forfeitable Shares will be transferred to the participants if the conditions set out in Stride Gaming plc Long Term Incentive Plan have been met and after consulting with the Remuneration Committee.
Admission and Total Voting Rights
Pursuant to the grant of the Forfeitable Shares Award under the terms of the Stride Gaming plc Long Term Incentive Plan as set out above, 593,333 new ordinary shares of 1p each in the Company ("New Ordinary Shares") have been issued and allotted to the EBT.
Application for the New Ordinary Shares to be admitted to trading on AIM ("Admission") has been made and it is expected that Admission will become effective on or around 9(th) June 2017.
Following the issue of the New Ordinary Shares, the Company's issued share capital and total voting rights comprises 67,960,118 ordinary shares of 1p each. The Company does not hold any shares in treasury and therefore this figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
1 Details of PDMR
---- -----------------------------------------------------------
(a) Name Eitan Boyd
---- ------------------------------- --------------------------
(b) Position/status Chief Executive Officer
---- ------------------------------- --------------------------
(c) Initial notification/amendment Initial Notification
---- ------------------------------- --------------------------
2 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 the financial ISIN:JE00BWT5X884
instrument
---- ------------------------------- --------------------------
(b) Nature of the LTIP
transaction
---- ------------------------------- --------------------------
(c) Price(s) and Price(s) Volume(s)
volume(s) ------------ ----------
GBP505,000 224,444
------------ ----------
---- ------------------------------- --------------------------
(d) Aggregated information 224,444 ordinary shares
Aggregated volume of GBP0.01 each
Price
---- ------------------------------- --------------------------
(e) Date of the 30/05/2017
transaction
---- ------------------------------- --------------------------
(f) Place of the Outside a trading venue
transaction
---- ------------------------------- --------------------------
1 Details of PDMR
---- -----------------------------------------------------------
(a) Name Darren Sims
---- ------------------------------- --------------------------
(b) Position/status Chief Operating Officer
---- ------------------------------- --------------------------
(c) Initial notification/amendment Initial Notification
---- ------------------------------- --------------------------
2 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 the financial ISIN:JE00BWT5X884
instrument
---- ------------------------------- --------------------------
(b) Nature of the LTIP
transaction
---- ------------------------------- --------------------------
(c) Price(s) and Price(s) Volume(s)
volume(s) ------------ ----------
GBP505,000 224,444
------------ ----------
---- ------------------------------- --------------------------
(d) Aggregated information 224,444 ordinary shares
Aggregated volume of GBP0.01 each
Price
---- ------------------------------- --------------------------
(e) Date of the 30/05/2017
transaction
---- ------------------------------- --------------------------
(f) Place of the Outside a trading venue
transaction
---- ------------------------------- --------------------------
1 Details of PDMR
---- -----------------------------------------------------------
(a) Name Ronen Kannor
---- ------------------------------- --------------------------
(b) Position/status Chief Financial Officer
---- ------------------------------- --------------------------
(c) Initial notification/amendment Initial Notification
---- ------------------------------- --------------------------
2 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 the financial ISIN:JE00BWT5X884
instrument
---- ------------------------------- --------------------------
(b) Nature of the LTIP
transaction
---- ------------------------------- --------------------------
(c) Price(s) and Price(s) Volume(s)
volume(s) ------------ ----------
GBP325,000 144,445
------------ ----------
---- ------------------------------- --------------------------
(d) Aggregated information 144,445 ordinary shares
Aggregated volume of GBP0.01 each
Price
---- ------------------------------- --------------------------
(e) Date of the 30/05/2017
transaction
---- ------------------------------- --------------------------
(f) Place of the Outside a trading venue
transaction
---- ------------------------------- --------------------------
Enquiries:
Stride Gaming plc Nigel Payne (Non-Executive Chairman) Eitan Boyd (Chief Executive Officer) Ronen Kannor (Chief Financial Officer) +44 (0) 20 www.stridegaming.com 7284 6080 Shore Capital (Nominated Adviser and Joint Broker) Mark Percy +44 (0) 20 Toby Gibbs 7408 4090 Canaccord Genuity Limited (Joint Broker) Bruce Garrow Emma Gabriel +44 (0) 20 Richard Andrews 7523 8000 Yellow Jersey PR Alistair de Kare-Silver +44 (0) 7825 Felicity Winkles 916 715
About Stride Gaming plc:
Stride Gaming is a leading online gaming operator in the soft gaming verticals of online bingo and the global social gaming market. The Company operates a multi-branded strategy across its two verticals, and uses its own proprietary and purchased software to provide online bingo and slot gaming for its players, and a social gaming mobile application. Stride Gaming's real money offering is presently focused on the UK market, is licensed and only operates from the regulated jurisdictions of the UK and Alderney. The Company's players' reach is international in the mobile social gaming market with a focus on the North American market. The Company has 105 brands, is the fourth largest online bingo operator in the UK, and has over 25% share of the UK online bingo landscape.
Further information on the Group is available at: www.stridegaming.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLIFFRRFIRIID
(END) Dow Jones Newswires
June 06, 2017 02:23 ET (06:23 GMT)
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