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Director/PDMR Shareholding

16th Dec 2013 17:12

RNS Number : 6777V
Ladbrokes plc
16 December 2013
 



 

DIRECTOR/PDMR SHAREHOLDING

LADBROKES PLC ("THE COMPANY") ANNOUNCES THAT ON 12 DECEMBER 2013:

§ NICHOLAS RUST, A PERSON DISCHARGING MANAGERIAL RESPONSIBILITY, EXERCISED HIS OPTION OVER 150,568 VESTED ORDINARY SHARES OF 28⅓P EACH OF THE COMPANY ("SHARES") GRANTED UNDER THE COMPANY'S GROWTH PLAN IN MAY 2011 FOLLOWING ACHIEVEMENT OF THE RELEVANT PERFORMANCE TARGETS. 

§ IN ADDITION, IN LINE WITH THE PLAN RULES, HE receiveD a supplementary payment OF 23,300 Shares WHICH equate in value TO the dividends that would have been paid on the Shares ACQUIRED AT EXERCISE since the date of GRANT.

§ A SUMMARY OF THE KEY PROVISIONS OF THE GROWTH PLAN ARE PROVIDED IN THE COMPANY'S 2012 ANNUAL REPORT AND ACCOUNTS AVAILABLE ON WWW.LADBROKESPLC.COM.

§ mr rust sold ALL OF THE 173,868 SHARES ACQUIRED AT 171.29 PENCE PER SHARE.

§ FOLLOWING THIS TRANSACTION, NICHOLAS RUST IS BENEFICIALLY INTERESTED IN 247,304 SHARES AND CONTINUES TO HAVE AN INTEREST IN A MAXIMUM TOTAL OF 959,273 SHARES UNDER THE GROWTH PLAN OVER WHICH NIL COST OPTIONS HAVE BEEN GRANTED.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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