8th Sep 2017 07:00
For Immediate Release
8 September 2017
Jackpotjoy plc (the "Company")
Grant of awards under the Company's Long Term Incentive Plan ("LTIP")
On 7 September 2017 Jackpotjoy plc (LSE:JPJ) granted awards over ordinary shares ("Ordinary Shares") under the LTIP (which includes a tax-qualifying option schedule) to the following PDMRs:
PDMR | Number of ordinary shares of £0.10 over which awards granted | Grant Date | Exercise price |
Daniel Talisman | 14,337 (LTIP) | 7 September 2017 | Nil cost |
4,061 (Tax-qualifying option)* | £7.386 per share |
* The tax-qualifying option granted is linked to Daniel Talisman's LTIP award such that, at the time of exercise, to the extent that there is a gain in the tax-qualifying option, the LTIP award will be forfeited to the value of that gain.
The awards (i) will vest on the date on which the Company's board of directors determines the extent to which the performance condition (as described below) has been satisfied, and (ii) are subject to a holding period of two years beginning on the vesting date, following the end of which they will be released so that the shares can be acquired.
The performance condition as it applies to 50% of the award is based on the Company's earnings per share in the Company's 2019 financial year. The performance condition as it applies to the remaining 50% of each award is based on the Company's total shareholder return compared with the total shareholder return of the companies constituting the FTSE 250 index (excluding investment trusts and financial services companies) from 25 January 2017 (the date the Company's shares were listed on the London Stock Exchange) until the end of the Company's 2019 financial year.
Notification and public disclosure of transactions by PDMRs and persons closely associated with them
1. | Details of PDMR / person closely associated with them | |||||||||
a) | Name | Daniel Talisman | ||||||||
2. | Reason for the notification
| |||||||||
a) | Position / status | Chief Legal Counsel and Corporate Secretary | ||||||||
b) | Initial notification / amendment | Initial notification | ||||||||
3. | Details of the issuer | |||||||||
a) | Name | Jackpotjoy plc
| ||||||||
b) | LEI | 213800J9SZ4YJ2RYMU17 | ||||||||
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 | Ordinary shares of £0.10 each | ||||||||
b) | Identification code | GB00BZ14BX56 | ||||||||
c) | Nature of the transaction | Grant of awards over Ordinary Shares under the LTIP | ||||||||
d) | Price(s) and volume(s) | LTIP award
Tax-qualifying option
| ||||||||
e) | Aggregated information - Aggregated volume - Price |
Awards granted over 18,398 shares in total
N/A | ||||||||
f) | Date of the transaction | 2017-09-07 (BST) | ||||||||
g) | Place of the transaction | Outside a trading venue | ||||||||
About Jackpotjoy plc
Jackpotjoy plc is the parent company of an online gaming group that provides entertainment to a global consumer base through its subsidiaries. Jackpotjoy plc currently offers bingo and casino games to its customers through its subsidiaries using the Jackpotjoy (www.jackpotjoy.com), Starspins (www.starspins.com), Botemania (www.botemania.es), Vera&John (www.verajohn.com), Costa (www.costabingo.com) and InterCasino (www.intercasino.com) brands. For more information about Jackpotjoy plc, please visit www.jackpotjoyplc.com.
Enquiries:
Jackpotjoy plc
Jason Holden, Director of Investor Relations
+44 (0) 7812 142118
Jackpotjoy Group
Amanda Brewer, Vice President of Corporate Communications
+1 416 720-8150
Finsbury
James Leviton
Andy Parnis
+44 (0) 207 251 3801
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