7th Aug 2017 12:00
7 August 2017
Notification of Changes in the Interests of Directors/PDMRs
William Hill PLC (LSE: WMH) confirms, in accordance with amendments to the 2014 Performance Share Plan ("the PSP") and the current Remuneration Policy of the Company approved by shareholders of the Company at the Annual General Meeting of the Company held on 9 May 2017, that a PSP award was granted over the Company's ordinary share capital to Philip Bowcock, Chief Executive Officer on 7 August 2017 as follows:
Director / PDMR | PSP Award (at £2.6543 per share) |
Philip Bowcock | 452,096 |
The PSP Award is granted as a nil-cost option award. Vesting of the Award is conditional, inter alia, on the satisfaction of three performance conditions, each measured over a three year performance period as follows: one third of the Award will be subject to a performance condition based on relative shareholder return (TSR), a further third of the Award will be based on aggregate earnings per share (EPS), and the remaining third will be based on strategic and business performance measures. Any Award shares vesting on satisfactory achievement of the performance conditions will be subject to the holding period required under the Remuneration Policy.
Further information regarding the current Remuneration Policy of the Company and the amendments to the PSP plan subsequently approved by shareholders can be found in the Directors' Remuneration Report on pages 68 to 89 of the 2016 Annual Report.
The following information is given in accordance with Article 19.3 of the Market Abuse Regulation:
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| Philip Bowcock
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2
| Reason for the notification
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a)
| Position/status
| Chief Executive Officer (Director and PDMR) | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
| Name
| William Hill PLC | |||
b)
| LEI
| 213800MDW41W5UZQIX82 | |||
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
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a)
| Description of the financial instrument, type of instrument | Ordinary shares of 10 pence each
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Identification code | ISIN: GB0031698896 | ||||
| SEDOL: 3169889 | ||||
b)
| Nature of the transaction
| Grant of Award under the 2014 Performance Share Plan | |||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| £2.6543 per share | 452,096 ordinary shares |
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d)
| Aggregated information |
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- Aggregated volume | 452,096 ordinary shares | ||||
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- Price | £2.6543 per ordinary share | ||||
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e)
| Date of the transaction
| 7 August 2017 | |||
f)
| Place of the transaction
| London, UK | |||
About William Hill |
William Hill, The Home of Betting, is one of the world's leading betting and gaming companies, employing around 16,000 people. Founded in 1934, it is one of the UK's largest bookmakers with around 2,375 licensed betting offices that provide betting opportunities on a wide range of sporting and non-sporting events, gaming on machines and numbers-based products including lotteries. The Group's Online business (www.williamhill.com) is one of the world's leading online betting and gaming businesses, providing customers with the opportunity to access William Hill's products online, through their smartphone or tablet, by telephone and by text services. William Hill US was established in June 2012 and provides land-based and mobile sports betting services in Nevada, and is the exclusive risk manager for the State of Delaware's sports lottery. William Hill Australia is one of the largest online betting businesses in Australia after the Group acquired Sportingbet and tomwaterhouse.com in 2013. It offers sports betting products online, by telephone and via mobile devices. William Hill PLC is listed on the London Stock Exchange. The Group generates revenues of c£1.6bn a year.
Related Shares:
WMH.L