Director/PDMR Shareholding

RNS Number : 0601Z

Sportech PLC

09 March 2012

 



9 March 2012

Sportech PLC ("Sportech" or "the Company")

LTIP Option Awards

On 8 March 2012, awards over ordinary shares of 50 pence each in Sportech were made to certain Directors and other persons discharging managerial responsibilities ("PDMRs") as follows. 

Name of Director/PDMR	No. of Shares under the Award	Structure of Award	Total No. of Shares held under Plan Awards
Ian Penrose	751,269	Nil cost Option	2,628,442
Steve Cunliffe	312,183	Nil cost Option	1,442,038
Ian Hogg	374,619	Nil cost Option	1,448,093
Brooks Pierce	387,985	Conditional Award	1,800,305
Luisa Wright	130,076	Nil cost Option	333,692

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 relevant financial 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 2012, 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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