Director/PDMR Shareholding

RNS Number : 7282F
Sportech PLC
28 May 2013
 



28 May 2013

 

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

LTIP option Awards

 

On 24 May 2013, awards over ordinary shares of 50 pence each in Sportech PLC (the "company") were made to Cliff Baty as follows.

 

 

Name of Director

 

No. of Shares under the Award

Structure of Award

Total No. of Shares held under Plan Awards

 

Cliff Baty

 

276,000

Nil Cost Option

276,000

 

The award was granted under the rules of the Sportech performance Share Plan and structured as noted above. No consideration was paid for the grant of the award and no consideration is due on the maturity of the awards. The award 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 transaction on 24 May 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       +44 (0)20 7268 2400

 

 

 


This information is provided by RNS
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Sportech (SPO)
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