LTIP Option Awards

RNS Number : 9670G

Sportech PLC

10 March 2015

 



10 March 2015

Sportech PLC

LTIP Option Awards

On 9 March 2015, 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	584,657	Nil Cost Option
Cliff Baty	278,851	Nil Cost Option
Rich Roberts Luisa Wright	226,310 34,507	Conditional 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 2015, 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                                                                                            

Cliff Baty, Chief Financial Officer & Company Secretary                                      [phone]

 

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