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.

 

 

 

- ends -

 

 

For further information, please contact:

 

 

Sportech PLC                                                                                            

Luisa Wright, Group General Counsel & Company Secretary                              +44 (0)20 7268 2400

 

 

 


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