27th Nov 2018 13:49
GAME DIGITAL PLC
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.
GAME Digital plc (the "Company"), announces that on 26 November 2018, the 2015 Deferred Bonus Award ("Award") under the GAME Digital plc Performance Share Plan (the "PSP") vested and on 27 November 2018 the Award was cancelled by Pablo Crespo, a PDMR of the Company, in lieu of a cash payment.
The Award represented the deferred element under the Company's Annual Bonus Scheme, following a bonus payment to Pablo Crespo in relation to the financial year ended 25 July 2015. Under the Annual Bonus Scheme, it was required that up to 50% of the bonus paid be deferred into shares for a period of three years. Other than employment, no further performance conditions were therefore attached to the award.
PDMR | No. of shares under Award |
Pablo Crespo | 32,249 |
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
Ruth Cartwright, Company Secretary
Tel: 01256 784229
27 November 2018
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Pablo Crespo | ||||
2 | Reason for Notification | |||||
a) | Position/status | Director General for Spain (PDMR) | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | GAME Digital plc | ||||
b) | LEI | 213800EIPHJQXIO4JK48 | ||||
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
Identification code | Ordinary Shares of £0.01 each in GAME Digital plc
GB00BMP36W19 | ||||
b) | Nature of the transaction | Cancellation of a nil cost option award under the GAME Digital plc Performance Share Plan in lieu of a cash payment. The Award became exercisable on 26 November 2018, being the third anniversary from the date of grant and was subject to the PDMR's continuing employment. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
32,249 No consideration was paid on cancellation.
| ||||
e) | Date of the transaction | 27 November 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Related Shares:
GMD.L