Director/PDMR Shareholding

RNS Number : 8209A

Sportech PLC

25 March 2013

 



25 March 2013

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

LTIP Option Awards

On 21 March 2013, awards over ordinary shares of 50 pence each in Sportech PLC (the "Company") 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	377,400	Nil Cost Option	3,005,842
Ian Hogg	188,190	Nil Cost Option	1,636,283
Luisa Wright	65,344	Nil Cost Option	399,036

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 Company was informed of the above transactions on 21 March 2013.

This notification is being made in accordance with DTR 3.1.4.

-ends-

For further information please contact:

Sportech PLC

Bob Mercer, Company Secretary       [phone]

 

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