Director/ PDMR Shareholding

RNS Number : 5571B

GVC Holdings PLC

21 September 2018

 

21 September 2018

GVC Holdings PLC

("GVC" or "Company")

Notification of Transactions by Persons Discharging Managerial Responsibility or Persons Closely Associated

Awards granted under the GVC Holdings PLC 2017 Long Term Incentive Plan ("LTIP")
and the GVC Holdings PLC Annual and Deferred Bonus Plan ("2017 Deferred Bonus")

The following awards over GVC ordinary shares of €0.01 each ("Shares") were granted to Executive Directors of the Company on 20 September 2018 as set out below.

Name	Plan	Number of Shares subject to the Award
Kenneth Alexander	LTIP - 2018 grant	225,338
Kenneth Alexander	2017 Deferred Bonus	100,576
Paul Bowtell	LTIP - 2018 grant	134,076

The LTIP awards will normally vest on 20 September 2021, being the third anniversary of the award date, subject to continuous employment and the satisfaction of the relative Total Shareholder Return (50%) and the cumulative Earning Per Share (50%) performance conditions, details of which will be disclosed in the 2018 directors' remuneration report. 

In the directors' remuneration policy, 50% of Group CEO's annual bonus is deferred in shares.  The above 2017 Deferred Bonus award has been granted in respect of the Group CEO's annual bonus for the 2017 financial year. This award will normally vest on 20 September 2021, being the third anniversary of the award date, subject to continuous employment.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Kenneth Alexander
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/Amendment	Initial notification
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 Identification code	Ordinary shares of GVC Holdings PLC of €0.01 each  IM00B5VQMV65
b)	Nature of the transaction	Grant of Conditional shares under the GVC Holdings PLC 2017 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil  225,338
d)	Aggregated information - Aggregated volume - Price	225,338 ordinary shares of €0.01 each Nil consideration
e)	Date of the transaction	20 September 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Kenneth Alexander
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/Amendment	Initial notification
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 Identification code	Ordinary shares of GVC Holdings PLC of €0.01 each  IM00B5VQMV65
b)	Nature of the transaction	Grant of Conditional shares under the GVC Holdings PLC Annual and Deferred Bonus Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil  100,576
d)	Aggregated information - Aggregated volume - Price	100,576 ordinary shares of €0.01 each Nil consideration
e)	Date of the transaction	20 September 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Paul Bowtell
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/Amendment	Initial notification
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 Identification code	Ordinary shares of GVC Holdings PLC of €0.01 each  IM00B5VQMV65
b)	Nature of the transaction	Grant of Conditional shares under the GVC Holdings PLC 2017 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil  134,076
d)	Aggregated information - Aggregated volume - Price	134,076 ordinary shares of €0.01 each Nil consideration
e)	Date of the transaction	20 September 2018
f)	Place of the transaction	Outside a trading venue

Contact: 

GVC Holdings PLC

Robert Hoskin, Company Secretary                                 [phone]

 

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