Paddy Power Betfair plc Director/PDMR Shareholding (1933Z)
11 March 2017 - 2:49AM
UK Regulatory
TIDMPPB
RNS Number : 1933Z
Paddy Power Betfair plc
10 March 2017
10 March 2017
Paddy Power Betfair plc (the "Company")
Director/PDMR Shareholding
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Breon Corcoran
--- ------------------------------------ ---------------------------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------------------ ---------------------------------------------------------------------------
b) Initial notification /Amendment Initial Notification
--- ------------------------------------ ---------------------------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name Paddy Power Betfair plc
--- ------------------------------------ ---------------------------------------------------------------------------
b) LEI 635400EG4YIJLJMZJ782
--- ------------------------------------ ---------------------------------------------------------------------------
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 Paddy Power Betfair plc ordinary shares of EUR0.09 each
instrument, type of instrument
Identification code IE00BWT6H894
--- ------------------------------------ ---------------------------------------------------------------------------
b) Nature of the transaction Grant of nil value share options over Paddy Power Betfair plc ordinary
shares of EUR0.09 each
under the (i) Paddy Power Betfair plc 2015 Long Term Incentive Plan
("LTIP"); and (ii) Paddy
Power Betfair plc 2015 Deferred Share Incentive Plan ("DSIP")
--- ------------------------------------ ---------------------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--- ------------------------------------ ------------------------------------- ------------------------------------
GBP0 25,579 (LTIP)
--- ------------------------------------ ------------------------------------- ------------------------------------
GBP0 2,227 (DSIP)
--- ------------------------------------ ------------------------------------- ------------------------------------
d) Aggregated information
- Aggregated volume
- Price 27,806 shares
GBP0
--- ------------------------------------ ---------------------------------------------------------------------------
e) Date of the transaction 2017-10-03
--- ------------------------------------ ---------------------------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------------ ---------------------------------------------------------------------------
g) Additional Information LTIP
These awards will vest on the third anniversary of the date of the grant
thereof, subject
to meeting the performance conditions and continued employment.
Vested LTIP awards then normally remain exercisable until 7 years from
grant.
DSIP
The awards will normally vest 50% after 1 year and 50% after 2 years from
the date of grant,
subject to continued employment.
Vested DSIP awards then normally remain exercisable until 7 years from
grant.
--- ------------------------------------ ---------------------------------------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
--- -------------------------------------------------------------------
a) Name Alex Gersh
--- ------------------------ -----------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------
a) Position/status Chief Financial Officer
--- ------------------------ -----------------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------ -----------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------------------
a) Name Paddy Power Betfair plc
--- ------------------------ -----------------------------------------
b) LEI 635400EG4YIJLJMZJ782
--- ------------------------ -----------------------------------------
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 Paddy Power Betfair plc ordinary
of the financial shares of EUR0.09 each
instrument,
type of instrument IE00BWT6H894
Identification
code
--- ------------------------ -----------------------------------------
b) Nature of Grant of nil value share options
the transaction over Paddy Power Betfair plc ordinary
shares of EUR0.09 each under the
(i) Paddy Power Betfair plc 2015
Long Term Incentive Plan ("LTIP");
and (ii) Paddy Power Betfair plc
2015 Deferred Share Incentive Plan
("DSIP")
--- ------------------------ -----------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s)
--- ------------------------ ----------------- ----------------------
GBP0 13,399 (LTIP)
--- ------------------------ ----------------- ----------------------
GBP0 1,400 (DSIP)
--- ------------------------ ----------------- ----------------------
d) Aggregated
information
- Aggregated 14,799 shares
volume GBP0
- Price
--- ------------------------ -----------------------------------------
e) Date of the 2017-10-03
transaction
--- ------------------------ -----------------------------------------
f) Place of Outside a trading venue
the transaction
--- ------------------------ -----------------------------------------
g) Additional LTIP
Information These awards will vest on the third
anniversary of the date of the grant
thereof, subject to meeting the
performance conditions and continued
employment.
Vested LTIP awards then normally
remain exercisable until 7 years
from grant.
DSIP
The awards will normally vest 50%
after 1 year and 50% after 2 years
from the date of grant, subject
to continued employment.
Vested DSIP awards then normally
remain exercisable until 7 years
from grant.
--- ------------------------ -----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
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