William Hill PLC Director/PDMR Shareholding (2860N)

TIDMWMH

RNS Number : 2860N

William Hill PLC

07 August 2017

7 August 2017

Notification of Changes in the Interests of Directors/PDMRs

William Hill PLC (LSE: WMH) confirms, in accordance with amendments to the 2014 Performance Share Plan ("the PSP") and the current Remuneration Policy of the Company approved by shareholders of the Company at the Annual General Meeting of the Company held on 9 May 2017, that a PSP award was granted over the Company's ordinary share capital to Philip Bowcock, Chief Executive Officer on 7 August 2017 as follows:

 
 Director / PDMR    PSP Award (at GBP2.6543 
                           per share) 
-----------------  ------------------------ 
  Philip Bowcock            452,096 
-----------------  ------------------------ 
 

The PSP Award is granted as a nil-cost option award. Vesting of the Award is conditional, inter alia, on the satisfaction of three performance conditions, each measured over a three year performance period as follows: one third of the Award will be subject to a performance condition based on relative shareholder return (TSR), a further third of the Award will be based on aggregate earnings per share (EPS), and the remaining third will be based on strategic and business performance measures. Any Award shares vesting on satisfactory achievement of the performance conditions will be subject to the holding period required under the Remuneration Policy.

Further information regarding the current Remuneration Policy of the Company and the amendments to the PSP plan subsequently approved by shareholders can be found in the Directors' Remuneration Report on pages 68 to 89 of the 2016 Annual Report.

The following information is given in accordance with Article 19.3 of the Market Abuse Regulation:

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
---  -------------------------------------------------------------------------------- 
 a)   Name                            Philip Bowcock 
---  ------------------------------  ------------------------------------------------ 
 2    Reason for the notification 
---  -------------------------------------------------------------------------------- 
 a)   Position/status                 Chief Executive Officer (Director 
                                       and PDMR) 
---  ------------------------------  ------------------------------------------------ 
 b)   Initial notification            Initial notification 
       /Amendment 
---  ------------------------------  ------------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
---  -------------------------------------------------------------------------------- 
 a)   Name                            William Hill PLC 
---  ------------------------------  ------------------------------------------------ 
 b)   LEI                             213800MDW41W5UZQIX82 
---  ------------------------------  ------------------------------------------------ 
 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 the              Ordinary shares of 10 pence each 
       financial instrument, 
       type of instrument 
--- 
 
      Identification code             ISIN: GB0031698896 
                                      SEDOL: 3169889 
---  ------------------------------  ------------------------------------------------ 
 b)   Nature of the transaction       Grant of Award under the 2014 Performance 
                                       Share Plan 
---  ------------------------------  ------------------------------------------------ 
 c)   Price(s) and volume(s) 
---                                    --------------------  ---------------------- 
                                        Price(s)              Volume(s) 
---                                    --------------------  ---------------------- 
                                        GBP2.6543 per         452,096 ordinary 
                                         share                 shares 
                                       --------------------  ---------------------- 
 
 d)   Aggregated information 
--- 
 
      - Aggregated volume             452,096 ordinary shares 
 
      - Price                         GBP2.6543 per ordinary share 
 
 e)   Date of the transaction         7 August 2017 
---  ------------------------------  ------------------------------------------------ 
 f)   Place of the transaction        London, UK 
---  ------------------------------  ------------------------------------------------ 
 
 
 About William Hill 
=================== 
 

William Hill, The Home of Betting, is one of the world's leading betting and gaming companies, employing around 16,000 people. Founded in 1934, it is one of the UK's largest bookmakers with around 2,375 licensed betting offices that provide betting opportunities on a wide range of sporting and non-sporting events, gaming on machines and numbers-based products including lotteries. The Group's Online business (www.williamhill.com) is one of the world's leading online betting and gaming businesses, providing customers with the opportunity to access William Hill's products online, through their smartphone or tablet, by telephone and by text services. William Hill US was established in June 2012 and provides land-based and mobile sports betting services in Nevada, and is the exclusive risk manager for the State of Delaware's sports lottery. William Hill Australia is one of the largest online betting businesses in Australia after the Group acquired Sportingbet and tomwaterhouse.com in 2013. It offers sports betting products online, by telephone and via mobile devices. William Hill PLC is listed on the London Stock Exchange. The Group generates revenues of cGBP1.6bn a year.

This information is provided by RNS

The company news service from the London Stock Exchange

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August 07, 2017 07:00 ET (11:00 GMT)