William Hill PLC Director/PDMR Shareholding (6358E)

TIDMWMH

RNS Number : 6358E

William Hill PLC

19 October 2018

WILLIAM HILL PLC

19 October 2018

Ruth Prior: Vesting of Replacement Awards

On 2 October 2017, the Company announced that Ruth Prior, Chief Financial Officer and a Director of William Hill PLC, had been awarded 348,345 restricted shares. This was in respect of a replacement award granted to Ruth on her appointment as Chief Financial Officer which reflects the value of share based incentives forfeited at Worldpay Group plc ("Worldpay"), the company she left to join William Hill ("the Replacement Awards"). As announced on 2 October 2017, the Replacement Awards did not have any associated performance conditions or post-vesting holding requirements, mirroring the Worldpay award it replaced.

The Replacement Awards vested on 16 October 2018. In accordance with the terms of the Replacement Awards, Ruth is also entitled to receive, either in cash or shares (at the determination of the Remuneration Committee of William Hill PLC) dividends that would have been paid in respect of the restricted shares between the date of award and the date of vesting ("Award Dividends"). Accordingly, Award Dividends in respect of 15,050 ordinary shares has also been awarded on 16 October 2018.

Income tax and employee national insurance contributions are payable by Ruth Prior upon vesting of the Replacement Award and associated Award Dividends and sufficient ordinary shares have been sold to meet this. Under the Remuneration Committee's share ownership guidelines, the Chief Financial Officer is required to build up a shareholding in the Company equivalent to 150% of salary. The net shareholding acquired on vesting of 192,257 ordinary shares has been retained by Ruth towards the requirements of the share ownership guidelines.

As a result of this transaction, and previous transactions previously notified, Ruth Prior and her persons closely associated now have an interest in 267,327 ordinary shares, equivalent to less than 0.1% of the issued share capital of the Company.

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                        Ruth Prior 
     --------------------------  ----------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status             Chief Financial 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   Vesting of ordinary shares in respect 
                                   of Replacement Award 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)      Price(s): GBP2.32 per share 
 
                                   Volume(s): 192,257 ordinary shares 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information 
     --------------------------  ----------------------------------------- 
 
      - Aggregated volume         192,257 ordinary shares 
      - Price                     GBP2.32 per ordinary share 
 
 e)   Date of the transaction     17 October 2018 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    London, UK 
     --------------------------  ----------------------------------------- 
 
   OAM: Additional Regulated Information 
   William Hill LEI: 213800MDW41W5UZQIX82 
 
 
   Luke Thomas 
   Company Secretary 
   William Hill PLC 
======================================================================= 
 
 

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October 19, 2018 09:00 ET (13:00 GMT)