GAME Digital PLC Director/PDMR Shareholding (2078N)
22 October 2016 - 12:14AM
UK Regulatory
TIDMGMD
RNS Number : 2078N
GAME Digital PLC
21 October 2016
GAME Digital plc (the 'Company') Notification of Transactions of
Directors/Persons Discharging Managerial Responsibility
Performance Share Plan
It was confirmed on that on 21 October 2016 that on 20 October
2016, the following awards under the GAME Digital plc Performance
Share Plan (the 'PSP') was made to Executive Directors and the PDMR
of the Company:
Name Director / Allocation of Total interest
PDMR Performance Shares in shares under
(See Note Below) the PSP following
notification
-------------- ------------ -------------------- -------------------
Martyn Gibbs Director 830,871 2,166,431
-------------- ------------ -------------------- -------------------
Mark Gifford Director 516,986 823,600
-------------- ------------ -------------------- -------------------
Pablo Crespo PDMR 262,120 833,132
-------------- ------------ -------------------- -------------------
Note: This award was granted as a nil cost option over ordinary
shares with a nominal value of GBP0.01 each in the Company, where a
participant will normally be entitled to exercise their award and
receive the shares between the third and sixth anniversary of
grant, subject to the extent to which performance conditions have
been satisfied and their continuing employment. No consideration
was paid for the grant of the award.
The extent to which any PSP awards will vest will be determined
by reference to the Group's basic adjusted earnings per share
('EPS'), 20% of the award, and total shareholder return ('TSR'),
80% of the award, as follows:
Earnings per share Total shareholder return
------------------------------------ ----------------------------------------
Basic adjusted EPS % of award Relative TSR growth % of award
for FY18/19 on a tax vesting vs. FTSE All-Share vesting
normalised basis (20% Index (80% of award)
of award)
----------------------- ----------- --------------------------- -----------
7.8p 25% 0% p.a. 25%
----------------------- ----------- --------------------------- -----------
9.2p 100% 10% p.a. (non-cumulative)* 100%
----------------------- ----------- --------------------------- -----------
* For sake of clarity, equal to the relative TSR growth vs. FTSE
All-Share Index + 30% points over the performance period.
Pro-rata vesting will be applied between the points. TSR will be
measured over three financial years starting with the financial
year in which the award is made, based on an average share price
for the 30 dealing days prior to the start of the first financial
year and ending with the average share price over the last 30
dealing days of the last financial year.
For the purposes of this award, the grant was made at a Share
price of 67.7 pence.
This notification is made in accordance with DTR 3.1.4(1).
Ruth Cartwright
Company Secretary
Tel: 01256 784229
21 October 2016
This information is provided by RNS
The company news service from the London Stock Exchange
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