Director/PDMR Shareholding

RNS Number : 9544M

Rank Group PLC

24 September 2021

 

24 September 2021

The Rank Group Plc

LEI: 213800TXKD6XZWOFTE12

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with Article 19 of the Market Abuse Regulations.

On 23 September 2021 the following awards over ordinary shares of 13 ⁸/₉ pence in The Rank Group Plc (the "Company") were granted under The Rank Group 2020 Long-Term Incentive Plan to the following person(s) discharging managerial responsibilities: 

PDMR	No. of shares under Award
John O'Reilly	582,072
Luisa Wright	122,235

Vesting is subject to relative total shareholder return, earnings per share and strategic measures measured over a three-year period, as well as a share price hurdle. Following the vesting of any awards there is a further two-year holding period and malus and clawback provisions apply. Details of the full notifications received by the Company are set out below.

In addition, on 23 September 2021 the following award over ordinary shares of 13 ⁸/₉ pence in the Company was granted under The Rank Group 2021 Recovery Incentive Scheme to the following person discharging managerial responsibilities: 

PDMR	No. of shares under Award
Luisa Wright	61,117

Vesting will be after two years subject to continued employment (without notice) and 50% of the award will be subject to meeting financial targets for net gaming revenue and profits after tax for the 2021/22 financial year. Malus and clawback provisions apply. Details of the full notifications received by the Company are also set out below.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John O'Reilly
2	Reason for Notification
a)	Position/status	Chief Executive
b)	Initial notification/Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Rank Group Plc
b)	LEI	213800TXKD6XZWOFTE12
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 13 8/9 pence each in Rank Group Plc
	Identification code	GB00B1L5QH97
b)	Nature of the transaction	Grant of awards over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 582,072
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction
e)	Date of the transaction	23 September 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Luisa Wright
2	Reason for Notification
a)	Position/status	Group General Counsel & Company Secretary
b)	Initial notification/Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Rank Group Plc
b)	LEI	213800TXKD6XZWOFTE12
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 13 8/9 pence each in Rank Group Plc
	Identification code	GB00B1L5QH97
b)	Nature of the transaction	Grant of awards over Ordinary Shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 122,235
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction
e)	Date of the transaction	23 September 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Luisa Wright
2	Reason for Notification
a)	Position/status	Group General Counsel & Company Secretary
b)	Initial notification/Amendment	Initial Announcement
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Rank Group Plc
b)	LEI	213800TXKD6XZWOFTE12
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 13 8/9 pence each in Rank Group Plc
	Identification code	GB00B1L5QH97
b)	Nature of the transaction	Grant of awards over Ordinary Shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 61,117
d)	Aggregated information -  Aggregated volume -  Price	Not applicable - single transaction
e)	Date of the transaction	23 September 2021
f)	Place of the transaction	Outside a trading venue

Enquiries: Luisa Wright, Company Secretary  Tel: [phone]

 

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