Director/PDMR Shareholding

RNS Number : 5563O

GVC Holdings PLC

18 May 2018

 

18 May 2018

GVC Holdings PLC

("GVC" or "Company")

Director/PDMR Shareholding

Further to the Company's announcement of 5 April 2018, disclosing the number of ordinary shares of EUR 0.01 per share in the capital of GVC ("Shares") held by Paul Bowtell, the Company has received a correction to his notification.  Paul Bowtell holds 287,438 Shares, not 265,290 Shares as previously disclosed. 

The original notification did not take account of the additional Shares received by Paul Bowtell as a result of the mix and match election mechanism available to all Ladbrokes Coral Group plc ("Ladbrokes Coral") shareholders and share scheme participants in respect of the acquisition of Ladbrokes Coral by the Company (the "Acquisition").

On completion of the Acquisition, Paul Bowtell was issued 301,212 Shares as part of the consideration for his Ladbrokes Coral shares and participation in the Ladbrokes Coral share schemes.  As previously disclosed, 13,774 Shares were sold on 29 March 2018 in order to cover taxation liabilities under the Ladbrokes Coral share schemes.

The Company has also been informed that Paul Bowtell holds 1,979,187 Contingent Value Rights issued by the Company to Ladbrokes Coral shareholders in respect of the Acquisition.

For further information:

GVC Holdings PLC

Robert Hoskin, Company Secretary                     [phone]

GVC Holdings PLC LEI: 213800GNI3K45LQR8L28

Notification of transactions of persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Bowtell
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Amendment
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	GVC Holdings PLC
b)	LEI	213800GNI3K45LQR8L28
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 financial instrument, type of instrument	Ordinary shares of EUR 0.01
	Identification code	ISIN:IM00B5VQMV65
b)	Nature of the transaction	Allotment of shares in the Company on acquisition of Ladbrokes Coral Group plc and subsequent sale of shares to meet tax liability
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			9.18	301,212
			9.108	(13,774)
d)	Aggregated information
	- Aggregated volume	287,438
	- Price	GBP 2,639,672.6
e)	Date of the transaction	29 March 2018
f)	Place of the transaction	XLON - London Stock Exchange, Main Market
a)	Description of the financial instrument, type of instrument	Contingent Value Rights
	Identification code	N/A
b)	Nature of the transaction	Allotment of Contingent Value Rights on acquisition of Ladbrokes Coral Group plc

c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			N/A	1,979,187
d)	Aggregated information
	- Aggregated volume	1,979,187
	- Price	N/A
e)	Date of the transaction	10 April 2018
f)	Place of the transaction	N/A

 

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