Director/PDMR Shareholding

RNS Number : 0876C

Paddy Power Betfair plc

23 June 2016

 

Notification of Transactions of (1) Persons Discharging Managerial Responsibility and (2) Persons closely associated with Persons Discharging Managerial Responsibility

 This form is intended for use by an issuer making a notification required by Rules 7.2 and 7.3 of the Central Bank of Ireland's Market Abuse Rules in relation to a person falling within either of the above categories of individual. These categories are defined in Regulation 12 (8) of the Market Abuse (Directive 2003/6/EC) Regulations 2005 and are detailed as part of this form.

All relevant boxes should be completed in block capital letters.

1	Name of the Issuer PADDY POWER BETFAIR PLC	2	Name of person discharging managerial responsibilities ALEX GERSH (DIRECTOR)
3	State whether notification relates to a person closely associated with a person discharging managerial responsibilities named in 2 and identify the connected person N/A	4	Indicate whether the notification is in respect of a holding of the person referred to in 2 or 3 above or in respect of a non-beneficial interest NOTIFICATION IS IN RESPECT OF THE PERSON NAMED AT 2 ABOVE.
5	Description of shares or derivatives or other financial instruments linked to them ORDINARY SHARES OF €0.09 EACH	6	Name of registered shareholder(s) and, if more than one, number of shares or derivatives or other financial instruments linked to them, held by each shareholder N/A
7	State the nature of the transaction GRANT OF AWARDS UNDER THE PADDY POWER BETFAIR PLC 2015 DEFERRED SHARE INCENTIVE PLAN ("DSIP")	8	Number of shares, derivatives or other financial instruments linked to them acquired N/A
9	Number of shares, derivatives  or other financial instruments linked to them  disposed of N/A	10	Price per share or derivative or other financial instrument linked to them or value of transaction N/A
11	Date and place of transaction 21 JUNE 2016, DUBLIN	12	Date issuer informed of transaction 21 JUNE 2016, DUBLIN
13	Any additional information NONE	14	Name of contact and telephone number for queries PRITTI PATEL DEPUTY COMPANY SECRETARY 00 44 (0) 208 834 6886
	Person authorised on behalf of the issuer responsible for making the notification PRITTI PATEL, DEPUTY COMPANY SECRETARY Date of notification:  23 JUNE 2016

Information required under Irish Stock Exchange
Listing Rule 6.10

The following additional information is required to be disclosed under ISE Listing Rule 6.10 in respect of interests in securities of a director or secretary or their connected persons.  This notification is also made in accordance with DTR 3.1.4(a) of the Financial Conduct Authority's Disclosure and Transparency Rules. An issuer is not being required to submit the information below to the Central Bank in respect of any PDMR who is also a director/secretary/connected persons.

15	Name of director or secretary (if not required to be stated in box 2) ALEX GERSH (DIRECTOR)	16	State whether the notification relates to a single transaction being notified in accordance with the Market Abuse Rules and ISE LR 6.10 NOTIFICATION RELATES TO A SINGLE TRANSACTION BEING NOTIFIED IN ACCORDANCE WITH THE MARKET ABUSE RULES AND ISE LR 6.10
17	Description of class of share ORDINARY SHARES OF €0.09 EACH	18	Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating  percentage) N/A
19	Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating  percentage) N/A	20	Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) N/A

If a person whose interests are required to be disclosed under ISE Listing Rule 6.10 has been granted options by the issuer, please complete the following boxes:

21	Date of grant 21 JUNE 2016	22	Period during which or date on which it can be exercised     THE AWARDS WILL NORMALLY VEST 50% AFTER ONE YEAR AND 50% AFTER TWO YEARS FROM THE DATE OF GRANT, SUBJECT TO CONTINUED EMPLOYMENT. VESTED DSIP AWARDS THEN NORMALLY REMAIN EXERCISABLE UNTIL 10 YEARS FROM GRANT.
23	Total amount paid (if any) for grant of the option NO CONSIDERATION FOR THE GRANT OF THE AWARDS, WHICH ARE STRUCTURED AS OPTIONS	24	Description of shares involved (class and number) 2,747 OPTIONS OVER ORDINARY SHARES OF €0.09 EACH
25	Exercise price (if fixed at time of grant) or indication that the price is to be fixed at the time of exercise NIL VALUE	26	Total number of shares over which options are held following notification 163,000
Name and signature of duly designated officer of issuer responsible for making notification PRITTI PATEL, DEPUTY COMPANY SECRETARY Date of notification: 23 JUNE 2016

The duly designated officer of the issuer responsible for making this notification acknowledges and confirms that he/she is aware that the information as has been provided in response to the questions 15 to 26 above is not information which has been required by or which has been requested by the Central Bank, and is information which is required to be provided to the Irish Stock Exchange only.

 

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