Director/PDMR Shareholding

RNS Number : 9544M
Rank Group PLC
24 September 2021
 

24 September 2021

 

The Rank Group Plc

LEI: 213800TXKD6XZWOFTE12

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with Article 19 of the Market Abuse Regulations.

On 23 September 2021 the following awards over ordinary shares of 13 8/9 pence in The Rank Group Plc (the "Company") were granted under The Rank Group 2020 Long-Term Incentive Plan to the following person(s) discharging managerial responsibilities: 

PDMR

No. of shares under Award

John O'Reilly

582,072

Luisa Wright

122,235

Vesting is subject to relative total shareholder return, earnings per share and strategic measures measured over a three-year period, as well as a share price hurdle. Following the vesting of any awards there is a further two-year holding period and malus and clawback provisions apply. Details of the full notifications received by the Company are set out below.

In addition, on 23 September 2021 the following award over ordinary shares of 13 8/9 pence in the Company was granted under The Rank Group 2021 Recovery Incentive Scheme to the following person discharging managerial responsibilities: 

PDMR

No. of shares under Award

Luisa Wright

61,117

Vesting will be after two years subject to continued employment (without notice) and 50% of the award will be subject to meeting financial targets for net gaming revenue and profits after tax for the 2021/22 financial year. Malus and clawback provisions apply. Details of the full notifications received by the Company are also set out below.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

John O'Reilly

2

Reason for Notification

a)

Position/status

Chief Executive

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Rank Group Plc

b)

LEI

213800TXKD6XZWOFTE12

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

Ordinary Shares of 13 8/9 pence each in Rank Group Plc

 

Identification code

GB00B1L5QH97

b)

Nature of the transaction

Grant of awards over Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

582,072

d)

Aggregated information

Aggregated volume

Price

Not applicable - single transaction

e)

Date of the transaction

23 September 2021

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Luisa Wright

2

Reason for Notification

a)

Position/status

Group General Counsel & Company Secretary

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Rank Group Plc

b)

LEI

213800TXKD6XZWOFTE12

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

Ordinary Shares of 13 8/9 pence each in Rank Group Plc

 

Identification code

GB00B1L5QH97

b)

Nature of the transaction

Grant of awards over Ordinary Shares.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

122,235

d)

Aggregated information

Aggregated volume

Price

Not applicable - single transaction

e)

Date of the transaction

23 September 2021

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Luisa Wright

2

Reason for Notification

a)

Position/status

Group General Counsel & Company Secretary

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

The Rank Group Plc

b)

LEI

213800TXKD6XZWOFTE12

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

Ordinary Shares of 13 8/9 pence each in Rank Group Plc

 

Identification code

GB00B1L5QH97

b)

Nature of the transaction

Grant of awards over Ordinary Shares.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

61,117

d)

Aggregated information

Aggregated volume

Price

Not applicable - single transaction

e)

Date of the transaction

23 September 2021

f)

Place of the transaction

Outside a trading venue

 

Enquiries: Luisa Wright, Company Secretary  Tel: 01628 504000

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