Awards granted under the 888 LTIP

888 Holdings plc

03 April 2024

 

 

3 April 2024

888 Holdings Plc

("888" or "the Group")

Awards granted under the 888 Long Term Incentive Plan ("LTIP")

The Company announces the following awards over ordinary shares of GBP 0.005 each were granted to Per Widerström, CEO and Sean Wilkins, CFO of the Company as set out below:

Name	Number of shares subject to the award	Plan
Per Widerström (CEO)	1,559,400	LTIP 2024
Sean Wilkins (CFO)	867,935	LTIP 2024

LTIP

The 2024 LTIP award is subject to the achievement of performance conditions measured over a three-year period and a subsequent two year holding period post-vesting. This award is subject to Net Value Creation and Relative Total Shareholder Return performance conditions. Relative Total Share Return performance targets can be found in the 2023 Directors' Remuneration Report in the 888 Holdings plc Annual Report which will be available at http://corporate.888.com/ on 18 April 2024. The performance targets for Net Value Creation use a multiple of 6.9 and are £859m for threshold payout and £1,167m for maximum payout.

This announcement is made pursuant to the Company's obligations under Article 19 of the UK Market Abuse Regulation.

1.   Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Per Widerström
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	888 Holdings Plc
(b)	LEI	213800H84UJQYSVF9750
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 £0.005 each in the capital of 888 Holdings plc (Ordinary Shares)   ISIN: GI000A0F6407
(b)	Nature of the transaction	Grant of a Conditional Share Award under the 888 Long Term Incentive Plan 2024
(c)	Price(s) and volume(s)	Price(s) Nil	Volume(s)  1,559,400
(d)	Aggregated information -     Aggregated volume -     Price	1,559,400 Ordinary shares of £0.005 each Nil consideration
(e)	Date of the transaction	27 March 2024
(f)	Place of the transaction	Outside a trading venue

1.   Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Sean Wilkins
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	888 Holdings Plc
(b)	LEI	213800H84UJQYSVF9750
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 £0.005 each in the capital of 888 Holdings plc (Ordinary Shares)   ISIN: GI000A0F6407
(b)	Nature of the transaction	Grant of a Conditional Share Award under the 888 Long Term Incentive Plan 2024
(c)	Price(s) and volume(s)	Price(s) Nil	Volume(s)  867,935
(d)	Aggregated information -     Aggregated volume -     Price	867,935 Ordinary shares of £0.005 each Nil consideration
(e)	Date of the transaction	27 March 2024
(f)	Place of the transaction	Outside a trading venue

- Ends -

Enquiries and further information:

888 Holdings Plc - [e-mail]	[phone]
Sean Wilkins, Chief Financial Officer Elizabeth Bisby, Company Secretary
Hudson Sandler - [e-mail] Alex Brennan/Charlotte Cobb/ Andy Richards	[phone]

About 888 Holdings Plc:

888 Holdings plc (and together with its subsidiaries, "888" or the "Group") is one of the world's leading betting and gaming companies. The Group owns and operates internationally renowned brands including William Hill, 888, and Mr Green. Incorporated in Gibraltar, and headquartered and listed in London, the Group operates from offices around the world.

The Group's mission is to lead the gambling world in creating the best betting and gaming experiences, bringing unrivalled moments of excitement to people's day-to-day lives. It achieves this by developing state-of-the-art technology and content-rich products that provide fun, fair, and safe betting and gaming entertainment to customers worldwide.

Find out more at:

http://corporate.888.com/

 

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