Directors' Dealings

RNS Number : 8752J

GVC Holdings PLC

05 April 2018

 

5 April 2018

GVC Holdings PLC

("GVC" or "Company")

Directors' Dealings

Kenneth Alexander and Lee Feldman (the "Directors") have exercised their options granted under the GVC 2015 Long Term Incentive Plan ("LTIP"), which vested on 2 February 2018.  As a result, the Directors acquired the following number of GVC ordinary shares of €0.01 each ("Shares") after each only selling sufficient Shares to cover the exercise price and applicable taxes:

Name	Number of Shares over which option exercised	Exercise price	Number of Shares sold to cover exercise price and taxes	Price Shares sold in the market	Number of Shares retained
K. Alexander	977,566	£4.22	706,167	£9.028: 698,409 £9.10: 7,758	271,399
L. Feldman	488,783	£4.67	369,125	£9.028	119,658

In accordance with the obligations associated with Lee Feldman's LTIP award (as disclosed in the Company's announcement of 3 February 2016), he has acquired in the market an additional 36,295 Shares at £9.077 per Share. 

In addition, Lee Feldman has also acquired a further 52,134 Shares at £9.02 per Share as a result of investing the post-tax balance of the one-off fee of £950,000 paid to him on 13 December 2017 and described in the Company's circular to shareholders dated 21 November 2017. These Shares are at risk of forfeiture, with the risk over 50% of these Shares removed on 13 December 2019 and the risk removed on the balance of the Shares on 13 December 2020, subject solely to him continuing to hold office as a Director. 

Details of the transactions are set out below.  Following these transactions the Directors' personal shareholdings in the Company have increased as follows:

Name	Number of Shares before Transactions	Number of Shares after Transactions	Percentage of Issued Share Capital
Kenneth Alexander	1,898,788	2,170,187	0.38
Lee Feldman	734,141	942,228	0.16

Note: Kenneth Alexander's shareholding before and after the transactions includes 313,333 shares owned by his wife.

For further information:

GVC Holdings PLC
Kenneth Alexander, Chief Executive	Tel: [phone]
Nick Batram, Head of Investor Relations	Tel: [phone]
Robert Hoskin, Company Secretary	Tel: [phone]

1	Details of the PDMR/person closely associated
	Full legal name of person / company (or other entity) who/which has undertaken the transaction: Kenneth Alexander
	Nature of holding (please delete those not applicable): Beneficial
	Name of broker used (if any): N/A
2	Reason for the notification
2a)	Job title/role of PDMR:	CEO
2b)	Status of this notification:	Initial notification
3	Details of the issuer
a)	Name:	GVC HOLDINGS PLC
b)	LEI:	213800GNI3K45LQR8L28
4	Details of the transaction(s)
4a)	Type of instrument:	Ordinary shares of €0.01 each
4b)	Nature of the transaction:	Exercise of an option
4c)	Price per share (in pence) and volume (number) of shares:	Price per share in pence	Volume
		422	977,566
4d)	Totals from 4(c):	-Price per share in pence	Total volume
		422	977,566
4e)	Date of execution of transaction: (YYYY - MM - DD)        2018-04-03
4f)	Place of transaction:	Outside a trading venue
5	Beneficial shareholding before the transaction (including shares held by  associated  persons):	1,898,788
6	Beneficial shareholding after the transaction (including shares held by your associated persons):	2,876,354
1	Details of the PDMR/person closely associated
	Full legal name of person / company (or other entity) who/which has undertaken the transaction: Lee Feldman
	Nature of holding (please delete those not applicable): Beneficial
	Name of broker used (if any): N/A
2	Reason for the notification
2a)	Job title/role of PDMR:	Chairman
2b)	Status of this notification:	Initial notification
3	Details of the issuer
a)	Name:	GVC HOLDINGS PLC
b)	LEI:	213800GNI3K45LQR8L28
4	Details of the transaction(s)
4a)	Type of instrument:	Ordinary shares of €0.01 each
4b)	Nature of the transaction:	Exercise of an option
4c)	Price per share (in pence) and volume (number) of shares:	Price per share in pence	Volume
		467	488,783
4d)	Totals from 4(c):	-Price per share in pence	Total volume
		467	488,783
4e)	Date of execution of transaction: (YYYY - MM - DD)        2018-04-03
4f)	Place of transaction:	Outside a trading venue
5	Beneficial shareholding before the transaction (including shares held by  associated  persons):	734,141
6	Beneficial shareholding after the transaction (including shares held by your associated persons):	1,222,924

1	Details of the PDMR/person closely associated
	Full legal name of person / company (or other entity) who/which has undertaken the transaction: Kenneth Alexander
	Nature of holding (please delete those not applicable): Beneficial
	Name of broker used (if any): Investec
2	Reason for the notification
2a)	Job title/role of PDMR:	CEO
2b)	Status of this notification:	Initial notification
3	Details of the issuer
a)	Name:	GVC HOLDINGS PLC
b)	LEI:	213800GNI3K45LQR8L28
4	Details of the transaction(s)
4a)	Type of instrument:	Ordinary shares of €0.01 each
4b)	Nature of the transaction:	Share sale
4c)	Price per share (in pence) and volume (number) of shares:	Price per share in pence	Volume
		902.028	698,409
4d)	Totals from 4(c):	-Price per share in pence	Total volume
		902.028	698,409
4e)	Date of execution of transaction: (YYYY - MM - DD)        2018-04-03
4f)	Place of transaction:	London Stock Exchange (LSE)
5	Beneficial shareholding before the transaction (including shares held by  associated  persons):	2,876,354
6	Beneficial shareholding after the transaction (including shares held by your associated persons):	2,177,945

1	Details of the PDMR/person closely associated
	Full legal name of person / company (or other entity) who/which has undertaken the transaction: Lee Feldman
	Nature of holding (please delete those not applicable): Beneficial
	Name of broker used (if any): Investec
2	Reason for the notification
2a)	Job title/role of PDMR:	Chairman
2b)	Status of this notification:	Initial notification
3	Details of the issuer
a)	Name:	GVC HOLDINGS PLC
b)	LEI:	213800GNI3K45LQR8L28
4	Details of the transaction(s)
4a)	Type of instrument:	Ordinary shares of €0.01 each
4b)	Nature of the transaction:	Share sale
4c)	Price per share (in pence) and volume (number) of shares:	Price per share in pence	Volume
		902.028	369,125
4d)	Totals from 4(c):	-Price per share in pence	Total volume
		902.028	369,125
4e)	Date of execution of transaction: (YYYY - MM - DD)        2018-04-03
4f)	Place of transaction:	London Stock Exchange (LSE)
5	Beneficial shareholding before the transaction (including shares held by  associated  persons):	1,222,924
6	Beneficial shareholding after the transaction (including shares held by your associated persons):	853,799

1	Details of the PDMR/person closely associated
	Full legal name of person / company (or other entity) who/which has undertaken the transaction: Lee Feldman
	Nature of holding (please delete those not applicable): Beneficial
	Name of broker used (if any): Charles Schwab
2	Reason for the notification
2a)	Job title/role of PDMR:	Chairman
2b)	Status of this notification:	Initial notification
3	Details of the issuer
a)	Name:	GVC HOLDINGS PLC
b)	LEI:	213800GNI3K45LQR8L28
4	Details of the transaction(s)
4a)	Type of instrument:	Ordinary shares of €0.01 each
4b)	Nature of the transaction:	Share purchase
4c)	Price per share (in pence) and volume (number) of shares:	Price per share in pence	Volume
		907.6896	36,295
4d)	Totals from 4(c):	-Price per share in pence	Total volume
		907.6896	36,295
4e)	Date of execution of transaction: (YYYY - MM - DD)        2018-04-03
4f)	Place of transaction:	London Stock Exchange (LSE)
5	Beneficial shareholding before the transaction (including shares held by  associated  persons):	853,799
6	Beneficial shareholding after the transaction (including shares held by your associated persons):	890,094

1	Details of the PDMR/person closely associated
	Full legal name of person / company (or other entity) who/which has undertaken the transaction: Lee Feldman
	Nature of holding (please delete those not applicable): Beneficial
	Name of broker used (if any): Investec
2	Reason for the notification
2a)	Job title/role of PDMR:	Chairman
2b)	Status of this notification:	Initial notification
3	Details of the issuer
a)	Name:	GVC HOLDINGS PLC
b)	LEI:	213800GNI3K45LQR8L28
4	Details of the transaction(s)
4a)	Type of instrument:	Ordinary shares of €0.01 each
4b)	Nature of the transaction:	Share purchase
4c)	Price per share (in pence) and volume (number) of shares:	Price per share in pence	Volume
		902	52,134
4d)	Totals from 4(c):	-Price per share in pence	Total volume
		902	52,134
4e)	Date of execution of transaction: (YYYY - MM - DD)        2018-04-03
4f)	Place of transaction:	London Stock Exchange (LSE)
5	Beneficial shareholding before the transaction (including shares held by  associated  persons):	890,094
6	Beneficial shareholding after the transaction (including shares held by your associated persons):	942,228

1	Details of the PDMR/person closely associated
	Full legal name of person / company (or other entity) who/which has undertaken the transaction: Kenneth Alexander
	Nature of holding (please delete those not applicable): Beneficial
	Name of broker used (if any): Investec
2	Reason for the notification
2a)	Job title/role of PDMR:	CEO
2b)	Status of this notification:	Initial notification
3	Details of the issuer
a)	Name:	GVC HOLDINGS PLC
b)	LEI:	213800GNI3K45LQR8L28
4	Details of the transaction(s)
4a)	Type of instrument:	Ordinary shares of €0.01 each
4b)	Nature of the transaction:	Share sale
4c)	Price per share (in pence) and volume (number) of shares:	Price per share in pence	Volume
		910	7,758
4d)	Totals from 4(c):	-Price per share in pence	Total volume
		910	7,758
4e)	Date of execution of transaction: (YYYY - MM - DD)        2018-04-04
4f)	Place of transaction:	London Stock Exchange (LSE)
5	Beneficial shareholding before the transaction (including shares held by  associated  persons):	2,177,945
6	Beneficial shareholding after the transaction (including shares held by your associated persons):	2,170,187

 

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