Director/PDMR Shareholding

RNS Number : 9388B

Sportech PLC

10 March 2014

 



10 March 2014

Sportech PLC

LTIP Option Awards

On 7 March 2014, awards over ordinary shares of 50 pence each in Sportech PLC (the "Company") were made to certain Directors and other persons discharging managerial responsibilities ("PDMR") as follows.   

Name of Director/PDMR	No. of Shares under the Award	Structure of Award
Ian Penrose	432,525	Nil Cost Option
Cliff Baty	206,292	Nil Cost Option
Luisa Wright	77,359	Nil Cost Option

The awards were granted under the rules of the Sportech Performance Share Plan and structured as noted above. No consideration was paid for the grant of the awards and no consideration is due on the maturity of the awards. The awards will normally become exercisable (or vest as relevant) shortly following the third anniversary of grant, subject to continued employment and to the extent total shareholder return and earnings per share targets are achieved. Once vested, the awards structured as nil cost options shall ordinarily remain exercisable for period of 12 months.

The awards were approved by the Remuneration Committee in respect of 2014, under the Company's annual award cycle.

This notification is being made in accordance with DTR 3.1.4.

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For further information, please contact:

Sportech PLC                                                                                            

Luisa Wright, Group General Counsel & Company Secretary                              [phone]

 

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