8th Nov 2016 12:21
LADBROKES CORAL GROUP PLC
Director/PDMR Shareholding
On 1 November 2016, the merger between Ladbrokes plc ("Ladbrokes") and certain businesses of Gala Coral Group Limited ("Gala Coral") to create Ladbrokes Coral Group plc ("Ladbrokes Coral" or the "Company") completed. The Company was today notified that Paul Bowtell, Andy Hornby, Carl Leaver and Rob Templeman, all PDMRs, and certain close family members, hold interests in the ordinary shares of 28⅓ pence each in the Company following a liquidation distribution by the ultimate holding company of Gala Coral as follows:
Director / PDMR / Family member | Number of 28⅓p ordinary shares | Percentage of issued capital (ex treasury shares) |
Paul Bowtell | 1,763,323 | 0.09 |
Children of Paul Bowtell | 1,944,118 | 0.10 |
Andy Hornby (following disposal to discharge tax liability) | 4,825,525 | 0.25 |
Carl Leaver | 11,702,441 | 0.61 |
Rob Templeman | 7,498,252 | 0.39 |
Children of Rob Templeman | 4,158,051 | 0.22 |
Under the Market Abuse Regulation, the children of both Paul Bowtell and Rob Templeman do not qualify as PCAs and the disclosure of their respective holdings is made above merely for the purpose of good order by the directors concerned. However, their holdings are not included in the ESMA returns shown below.
The persons listed above, the Four Principal Coral Shareholders (as defined in the prospectus published by Ladbrokes on 27 October 2016) and all other shareholders of Gala Coral are subject to a 180 day lock-up period from 1 November 2016 in relation to the Ladbrokes Coral shares received by them in the distribution, subject to certain customary exceptions.
The attached notifications made in accordance with the EU Market Abuse Regulation, provide further information.
Geoff Mason
Company Secretary
Notification of transactions of persons discharging managerial responsibilities and persons closely associated with them
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Paul Bowtell | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Ladbrokes Coral Group plc | ||||
b) | LEI | 213800P7FJOPCV4H3J04 | ||||
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 28⅓ pence each ("Shares")
| ||||
Identification code | GB00B0ZSH635 | |||||
b) | Nature of the transaction | Receipt of Shares following a liquidation distribution by the ultimate holding company of Gala Coral | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
- Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2016-11-03 | ||||
f) | Place of the transaction | N/A | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Andy Hornby | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Operating Officer | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Ladbrokes Coral Group plc | ||||
b) | LEI | 213800P7FJOPCV4H3J04 | ||||
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 28⅓ pence each ("Shares")
| ||||
Identification code | GB00B0ZSH635 | |||||
b) | Nature of the transaction | Receipt of Shares following a liquidation distribution by the ultimate holding company of Gala Coral | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
- Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2016-11-03 | ||||
f) | Place of the transaction | N/A | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Andy Hornby | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Operating Officer | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Ladbrokes Coral Group plc | ||||
b) | LEI | 213800P7FJOPCV4H3J04 | ||||
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 28⅓ pence each ("Shares")
| ||||
Identification code | GB00B0ZSH635 | |||||
b) | Nature of the transaction | Sale of Shares to cover tax liabilities | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
- Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2016-11-07 | ||||
f) | Place of the transaction | XLON - London Stock Exchange, Main Market | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Carl Leaver | ||||
2 | Reason for the notification | |||||
a) | Position/status | Executive Deputy Chairman | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Ladbrokes Coral Group plc | ||||
b) | LEI | 213800P7FJOPCV4H3J04 | ||||
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 28⅓ pence each ("Shares")
| ||||
Identification code | GB00B0ZSH635 | |||||
b) | Nature of the transaction | Receipt of Shares following a liquidation distribution by the ultimate holding company of Gala Coral | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
- Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2016-11-03 | ||||
f) | Place of the transaction | N/A | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Rob Templeman | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-Executive Director | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Ladbrokes Coral Group plc | ||||
b) | LEI | 213800P7FJOPCV4H3J04 | ||||
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 28⅓ pence each ("Shares")
| ||||
Identification code | GB00B0ZSH635 | |||||
b) | Nature of the transaction | Receipt of Shares following a liquidation distribution by the ultimate holding company of Gala Coral | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
- Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2016-11-03 | ||||
f) | Place of the transaction | N/A | ||||
Related Shares:
Ladbrokes Coral