Director/PDMR Shareholding

RNS Number : 3387T
Sportech PLC
05 December 2011
 



 

 

 

5 December 2011

 

Sportech PLC ("Sportech" or "the Group")

LTIP Option Awards

 

 

On 2 December 2011, awards over ordinary shares of 50 pence each in Sportech PLC (the "Company") were made by the Company 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

465,408

Nil cost Option

1,877,173

Steve Cunliffe

188,679

Nil cost Option

1,129,855

Ian Hogg

226,415

Nil cost Option

1,073,474

Brooks Pierce

235,849

Conditional Award

1,412,320

Andrew Gaughan

106,918

Conditional Award

859,859

Luisa Wright

78,616

Nil cost Option

203,616

 

 

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 2011, with an acknowledgement that in 2012 the Company shall revert to a normal annual award cycle with the intention that any such grants will be awarded in March following the announcement of preliminary results for each year.

 

This notification is being made in accordance with DTR 3.1.4.

 

 

 

- ends -

 

 

For further information, please contact:

 

Sportech PLC                                                                                            

Luisa Wright, Group General Counsel & Company Secretary                              +44 (0)20 7268 2410

 

Pelham Bell Pottinger                                                                                                                                      

David Rydell / Rosanne Perry / Emma Kent                                                       +44 (0)20 7861 3232

 


This information is provided by RNS
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