888 Holdings plc Director/PDMR Shareholding (2921B)

TIDM888

RNS Number : 2921B

888 Holdings plc

06 October 2020

6 October 20 20

888 Holdings Plc

Notification of Transactions by Persons Discharging Managerial Responsibilities

Following notifications made in accordance with Article 19(1) of the EU Market Abuse Regulation (EU 596/2014) and in accordance with Article 19(3) thereof, 888 Holdings Plc (the Company) notifies the following transaction by a person discharging managerial responsibilities (PDMR) in ordinary shares of 0.5p each in the Company (Ordinary Shares).

On 5 October 2020, the Company was notified that Mr Aviad Kobrine, Chief Financial Officer of 888, exercised nil-cost options over 1,834,291 Ordinary Shares granted to him on 24 May 2011 under the 888 All-Employee Plan and sold the resulting Ordinary Shares, at a price of 248p; and exercised nil-cost options over 101,000 Ordinary Shares granted to him on 7 April 2013 under the 888 All-Employee Plan and sold 100,000 of the resulting Ordinary Shares, at a price of 261.41p each (the Transaction). The expiry date of the majority of these nil-cost options was 20 May 2021. As previously announced, Mr Kobrine will step down as Chief Financial Officer of 888 on 1 November 2020, after more than 15 years as CFO of the Company, with this Transaction conducted as part of Mr Kobrine's personal wealth planning.

Post this Transaction, Mr Kobrine holds vested nil-cost options over 1,762,912 Ordinary Shares, representing 0.48 per cent. of the Company's issued share capital, as well as unvested nil-cost options over 727,043 Ordinary Shares.

The notification of dealing form for the PDMR can be found below.

 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 (a)   Name of person                    Aviad Kobrine 
----  -------------------------------- 
 
 2     Reason for notification 
---- 
 (a)   Position/status                   Chief Financial Officer 
----  -------------------------------- 
 (b)   Initial notification/             Initial notification 
        amendment 
----  -------------------------------- 
 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
---- 
 (a)   Name of issuer                    888 Holdings Plc 
----  -------------------------------- 
 (b)   Legal Entity Identifier           213800H84UJQYSVF9750 
----  -------------------------------- 
 
 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 financial          Ordinary shares of 0.5p each in the capital 
        instrument                        of 888 Holdings plc (Ordinary Shares) 
----  -------------------------------- 
       Identification code               ISIN: GI000A0F6407 
----  -------------------------------- 
 (b)   Nature of transaction             Exercise of nil-cost options over Ordinary 
                                          Shares; 
                                          Sale of Ordinary Shares. 
----  -------------------------------- 
 (c)   Price and volume of transaction   Exercise of nil-cost options: (1) NIL 
                                          per Ordinary Share; 1,834,291 Ordinary 
                                          Shares; and (2) NIL per Ordinary Share; 
                                          101,000 Ordinary Shares. 
                                          Sale of Ordinary Shares: (1) 248p per 
                                          Ordinary Share; 1,834,291 Ordinary Shares; 
                                          and (2) 261.41p per Ordinary Share; 100,000 
                                          Ordinary Shares. 
----  -------------------------------- 
 (d)   Aggregated information 
        -                                  1,934,291 Ordinary Shares 
        Volume                             GBP4,810,452 
        Price 
----  -------------------------------- 
 (e)   Date of transaction               1 October 2020 (Sale of 1,834,291 Ordinary 
                                          Shares) 
                                          5 October 2020 (Sale of 100,000 Ordinary 
                                          Shares) 
----  -------------------------------- 
 (f)   Place of transaction              Outside a trading venue (Exercise) 
                                          London Stock Exchange (Sale) 
----  -------------------------------- 
 

- ends -

Contacts and enquiries

 
 888 
 Brian Mattingley, Chairman                [phone] 
 Itai Pazner, Chief Executive Officer      [phone] 
  Aviad Kobrine, Chief Financial Officer    [phone] 
 
                                           [phone] 
 Hudson Sandler                             4133 
 Alex Brennan 
 Bertie Berger 
  Hattie Dreyfus 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHKKABKABDDCKK

(END) Dow Jones Newswires

October 06, 2020 12:10 ET (16:10 GMT)