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Directors' Dealings

19th Dec 2016 07:01

RNS Number : 1701S

GVC Holdings PLC

19 December 2016

GVC Holdings PLC

("GVC" or the "Company")

Directors' Dealings

Options granted under the shareholder approved GVC Holdings PLC 2015 Long Term Incentive Plan ("2015 LTIP") to Kenneth Alexander, Richard Cooper and Lee Feldman (the "Directors") have begun to vest in accordance with the vesting schedules applying to their options. In accordance with the terms of the 2015 LTIP, the Remuneration Committee has exercised its discretion to make a cash alternative payment to the Directors in respect of that portion of the shares that have vested to date and over which the Directors had notified their intention to exercise their options. The cash alternative payment was calculated by deducting the option price from the market value of a share on the day prior to the date that the Company received notices of exercises from the Directors (being 15 December 2016) and multiplying this amount by the number of vested shares.

Where a cash alternative payment is made, the right to receive shares lapses automatically. The Directors' options over the following shares in the Company have therefore lapsed:

Kenneth Alexander - 1,955,128 shares at an option price of £4.22 per share

Richard Cooper - 977,564 shares at an option price of £4.22 per share

Lee Feldman - 977,564 shares at an option price of £4.67 per share

The Directors' personal shareholding in the Company remains unchanged at:

Name	Number of Shares	Percentage of Issued Share Capital
Kenneth Alexander	1,898,788 (See Note A below)	0.65
Richard Cooper	1,092,553 (See Note B below)	0.37
Lee Feldman	702,169	0.24

Notes:

(A) This includes 313,333 shares owned by Kenneth Alexander's wife

(B) This includes 335,000 shares owned by Richard Cooper's wife

For further information:

GVC Holdings PLC

Kenneth Alexander, Chief Executive

Tel: +44 (0) 1624 652 559

Richard Cooper, Group Finance Director

Nick Batram, Head of Investor Relations & Corporate Strategy

Tel: +44 (0) 20 7337 0110

Media enquiries:

Bell Pottinger
David Rydell, James Newman, Anna Legge, Laura Jaques	Tel: +44 (0) 20 3772 2500

NOTIFICATION OF TRANSACTIONS BY PDMRs AND PCAs FOR USE BY THE COMPANY WHEN NOTIFYING THE FINANCIAL CONDUCT AUTHORITY

	Transaction undertaken by or on behalf of (TICK ONLY ONE):	X			PDMR
					Person closely associated
1	Details of the PDMR/person closely associated
	Full legal name of person / company (or other entity) who/which has undertaken the transaction: KENNETH ALEXANDER
	Nature of holding (please delete those not applicable): Beneficial
	Name of broker used (if any): N/A
2	Reason for the notification
2a)	Complete if 'PDMR' is ticked above (otherwise leave blank):
	Job title/role of PDMR (e.g. CEO / CFO):	CEO
	Complete if 'closely associated person' is ticked above (otherwise leave blank):
	Full legal name of associated PDMR:
	Job title/role of associated PDMR:
2b)	Status of this notification (TICK ONLY ONE):	X			Initial notification
					Amendment to a previous notification
	Details of amendment (if applicable):
3	Details of the transaction(s) Please complete a separate form for each transaction/group of transactions if the answers to 3 (a), (b), (d), (e) and (f) are not identical.
3a)	Type of instrument (TICK ONLY ONE):	X			Ordinary shares of GVC Holdings PLC
					Other (give details)
3b)	Nature of the transaction(s) (TICK ONLY ONE):				Purchase of shares
					Sale of shares
					Exercise of share option
		X			Other (give details)
3c)	Price per share (in pence) and volume (number) of shares: You can list multiple transactions here if the answers to 3(a), (b), (d), (e) and (f) are identical. You must use a separate form if any details differ.	Price per share in pence					Volume
		p					£4.22
		p
		p
		p
		p
		(insert extra rows as needed)
3d)	Totals from 3(c): If only one transaction is listed at 3(c), enter the same figures here.	-Price per share in pence (use the weighted average price for multiple transactions)					Total volume
		p					1,955,128
3e)	Date of execution of transaction: (YYYY - MM - DD) 2016-12-16
	Time of execution of transaction: 12.30 P.M.
	Time zone of transaction:	X			GMT
					Other (please state):
3f)	Place of transaction	X			London Stock Exchange (LSE)
					Other (please state):
4	Enter your beneficial shareholding before the transaction (include shares held by your associated persons):	1,585,455
5	Enter your beneficial shareholding after the transaction (include shares held by your associated persons):	1,585,455
	Transaction undertaken by or on behalf of (TICK ONLY ONE):	X			PDMR
					Person closely associated
1	Details of the PDMR/person closely associated
	Full legal name of person / company (or other entity) who/which has undertaken the transaction: RICHARD COOPER
	Nature of holding (please delete those not applicable): Beneficial
	Name of broker used (if any): N/A
2	Reason for the notification
2a)	Complete if 'PDMR' is ticked above (otherwise leave blank):
	Job title/role of PDMR (e.g. CEO / CFO):	CFO
	Complete if 'closely associated person' is ticked above (otherwise leave blank):
	Full legal name of associated PDMR:
	Job title/role of associated PDMR:
2b)	Status of this notification (TICK ONLY ONE):	X		Initial notification
				Amendment to a previous notification
	Details of amendment (if applicable):
3	Details of the transaction(s) Please complete a separate form for each transaction/group of transactions if the answers to 3 (a), (b), (d), (e) and (f) are not identical.
3a)	Type of instrument (TICK ONLY ONE):	X		Ordinary shares of GVC Holdings PLC
				Other (give details)
3b)	Nature of the transaction(s) (TICK ONLY ONE):			Purchase of shares
				Sale of shares
				Exercise of share option
		X		Other (give details)
3c)	Price per share (in pence) and volume (number) of shares: You can list multiple transactions here if the answers to 3(a), (b), (d), (e) and (f) are identical. You must use a separate form if any details differ.	Price per share in pence					Volume
		p					£4.22
		p
		p
		p
		p
		(insert extra rows as needed)
3d)	Totals from 3(c): If only one transaction is listed at 3(c), enter the same figures here.	-Price per share in pence (use the weighted average price for multiple transactions)					Total volume
		p					977,564
3e)	Date of execution of transaction: (YYYY - MM - DD) 2016-12-16
	Time of execution of transaction: 12.30 P.M.
	Time zone of transaction:	X			GMT
					Other (please state):
3f)	Place of transaction	X			London Stock Exchange (LSE)
					Other (please state):
4	Enter your beneficial shareholding before the transaction (include shares held by your associated persons):	757,553
5	Enter your beneficial shareholding after the transaction (include shares held by your associated persons):	757,553
	Transaction undertaken by or on behalf of (TICK ONLY ONE):	X		PDMR
				Person closely associated
1	Details of the PDMR/person closely associated
	Full legal name of person / company (or other entity) who/which has undertaken the transaction: LEE FELDMAN
	Nature of holding (please delete those not applicable): Beneficial
	Name of broker used (if any): N/A
2	Reason for the notification
2a)	Complete if 'PDMR' is ticked above (otherwise leave blank):
	Job title/role of PDMR (e.g. CEO / CFO):	CHAIRMAN
	Complete if 'closely associated person' is ticked above (otherwise leave blank):
	Full legal name of associated PDMR:
	Job title/role of associated PDMR:
2b)	Status of this notification (TICK ONLY ONE):	X	Initial notification
			Amendment to a previous notification
	Details of amendment (if applicable):
3	Details of the transaction(s) Please complete a separate form for each transaction/group of transactions if the answers to 3 (a), (b), (d), (e) and (f) are not identical.
3a)	Type of instrument (TICK ONLY ONE):	X		Ordinary shares of GVC Holdings PLC
				Other (give details)
3b)	Nature of the transaction(s) (TICK ONLY ONE):			Purchase of shares
				Sale of shares
				Exercise of share option
		X		Other (give details)
3c)	Price per share (in pence) and volume (number) of shares: You can list multiple transactions here if the answers to 3(a), (b), (d), (e) and (f) are identical. You must use a separate form if any details differ.	Price per share in pence				Volume
		p				£4.22
		p
		p
		p
		p
		(insert extra rows as needed)
3d)	Totals from 3(c): If only one transaction is listed at 3(c), enter the same figures here.	-Price per share in pence (use the weighted average price for multiple transactions)				Total volume
		p				977,564
3e)	Date of execution of transaction: (YYYY - MM - DD) 2016-12-16
	Time of execution of transaction: 12.30 P.M.
	Time zone of transaction:	X		GMT
				Other (please state):

This information is provided by RNS

The company news service from the London Stock Exchange

END

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