3rd Jan 2012 16:51
Betfair Group PLC
3 January 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMR) OR CONNECTED PERSONS
Betfair Group PLC ("the Company") notifies that, as outlined in the announcement made on 22 December 2011, that 26,688 of awards under the Betfair Group Limited Long Term Incentive Plan ('LTIP') was granted at nil cost to Stephen Morana, Interim CEO, effective 1 January 2012. The share price at the date of grant was £7.49375.
The grant of awards under the 2011 LTIP represents a one-off award in recognition of his additional responsibilities as Interim CEO. The awards will vest no earlier than the third anniversary of grant and are subject to the achievement of performance conditions set over a three year period. To the extent that the performance targets are not met over the performance period, the awards will lapse.
Enquiries:
Martin Cruddace
Company Secretary
Related Shares:
BET.L