TIDMENT

RNS Number : 3259F

Entain PLC

18 March 2022

18 March 2022

Entain plc

("Entain" or "Company")

Notification of Transactions by Persons Discharging Managerial Responsibility

Or Persons Closely Associated

Awards granted under the Entain plc 2017 Long Term Incentive Plan ("LTIP") and the Annual and Deferred Bonus Plan ("ADBP")

Entain plc (LSE: ENT), the global sports betting gaming and interactive entertainment group, announces that the following awards over Entain ordinary shares of EUR0.01 each ("Shares") were granted to Executive Directors of the Company on 18 March 2022 as set out below:

 
                Director                   Plan   Number of Shares subject 
                                                              to the Award 
  Jette Nygaard-Andersen 
                     CEO       LTIP 2 022 grant                    149,090 
                          ---------------------  ------------------------- 
  Jette Nygaard-Andersen   ADBP - 2021 Deferred 
                     CEO                  Bonus                     46,805 
                          ---------------------  ------------------------- 
             Robert Wood 
        CFO & Deputy CEO        LTIP 2022 grant                     81,534 
                          ---------------------  ------------------------- 
             Robert Wood   ADBP - 2021 Deferred 
        CFO & Deputy CEO                  Bonus                     27,494 
                          ---------------------  ------------------------- 
           Robert Hoskin 
        Chief Governance 
                 Officer        LTIP 2022 grant                     62,121 
                          ---------------------  ------------------------- 
           Robert Hoskin 
        Chief Governance   ADBP - 2021 Deferred 
                 Officer                  Bonus                     21,164 
                          ---------------------  ------------------------- 
 

2022 LTIP Awards

The LTIP awards will normally vest on 18 March 2025, being the third anniversary of the award date subject to 1) continuous employment; and 2) the satisfaction of the relative Total Shareholder Return performance conditions set by the Company's Remuneration Committee on 16 February 2022. These stretching performance conditions, are detailed in the 2021 Directors' Remuneration Report in the Entain Annual Report (that will be available on the Entain corporate website at www.entaingroup.com from 25 March 2022). The post tax number of shares vesting from these awards are subject to a two year, post vest, holding period.

The terms of these awards provide the Remuneration Committee with the ability to review the outcome at vesting and, if it concludes that participants would benefit from 'windfall gains', it will consider making appropriate adjustments to reflect this.

ADBP Awards

In the Company's remuneration policy, 50% of the Executive Directors' annual bonus is deferred in shares. The above deferred bonus awards have therefore been granted in respect of the CEO, CFO & Deputy CEO, and Chief Governance Officer's annual bonus for the 2021 financial year. These awards will normally vest on 18 March 2025, being the third anniversary of the award date, subject to continued employment.

The Entain Directors hold in aggregate 328,481 Shares (including those of their closely associated persons) equivalent to 0.06% of the Company's issued share capital.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

Enquiries:

 
Company Secretary                                    secretary@entaingroup.com 
 Emily Carey 
 
 Investor Relations 
David Lloyd-Seed, Chief IR & Communications Officer  investors@entaingroup.com 
 
Powerscourt                                          entain@powerscourt-group.com 
Rob Greening / Nick Haynes                           Tel: +44 (0) 20 7250 1446 
 

LEI :213800GNI3K45LQR8L28

About Entain plc

Entain plc (LSE: ENT) is a FTSE100 company and is one of the world's largest sports-betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Bet.pt, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis.

The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US. Entain provides the technology and capabilities which power BetMGM as well as exclusive games and products, specially developed at its in-house gaming studios. The Group is tax resident in the UK with operations in a total of 31 regulated or regulating territories. Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AA rated by MSCI. The Group has set a science-based target, committing to be carbon net zero by 2035 and through the Entain Foundation supports a variety of initiatives, focusing on safer gambling, grassroots sport, diversity in technology and community projects. For more information see the Group's website : www.entaingroup.com

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                      Jette Nygaard-Andersen 
     --------------------------------------------------------  ------------------------------------------------------- 
 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                                                      Entain plc 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   LEI                                                       213800GNI3K45LQR8L28 
     --------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary shares of Entain plc of EUR0.01 each 
      instrument 
      Identification code                                        IM00B5VQMV65 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of conditional shares under the Entain plc 2017 
                                                                Long Term Incentive Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                                 Nil        149,090 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume                 149,090 ordinary shares of EUR0.01 each 
       -  Price 
                                                                  Nil consideration 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   18 March 2022 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
     --------------------------------------------------------  ------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                      Jette Nygaard-Andersen 
     --------------------------------------------------------  ------------------------------------------------------- 
 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                                                      Entain plc 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   LEI                                                       213800GNI3K45LQR8L28 
     --------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary shares of Entain plc of EUR0.01 each 
      instrument 
      Identification code                                        IM00B5VQMV65 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of conditional shares under the Entain plc 
                                                                Annual and Deferred Bonus Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                                 Nil        46,805 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume 
       -  Price                                                   46,805 ordinary shares of EUR0.01 each 
 
                                                                  Nil consideration 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   18 March 2022 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
     --------------------------------------------------------  ------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                      Robert Wood 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           Chief Financial Officer and Deputy 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                                                      Entain plc 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   LEI                                                       213800GNI3K45LQR8L28 
     --------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary shares of Entain plc of EUR0.01 each 
      instrument 
      Identification code                                        IM00B5VQMV65 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of conditional shares under the Entain plc 2017 
                                                                Long Term Incentive Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                                 Nil        81,534 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume                 81,534 ordinary shares of EUR0.01 each 
       -  Price 
                                                                  Nil consideration 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   18 March 2022 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
     --------------------------------------------------------  ------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                      Robert Wood 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           Chief Financial Officer and Deputy 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                                                      Entain plc 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   LEI                                                       213800GNI3K45LQR8L28 
     --------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary shares of Entain plc of EUR0.01 each 
      instrument 
      Identification code                                        IM00B5VQMV65 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of conditional shares under the Entain plc 
                                                                Annual and Deferred Bonus Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                                 Nil        27,494 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume                 27,494 ordinary shares of EUR0.01 each 
       -  Price 
                                                                  Nil consideration 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   18 March 2022 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
     --------------------------------------------------------  ------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                      Robert Hoskin 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           Chief Governance Officer 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Initial notification/Amendment                            Initial notification 
     --------------------------------------------------------  ------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                      Entain plc 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   LEI                                                       213800GNI3K45LQR8L28 
     --------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary shares of Entain plc of EUR0.01 each 
      instrument 
      Identification code                                        IM00B5VQMV65 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of nil cost options under the Entain plc 2017 
                                                                Long Term Incentive Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                                 Nil        62,121 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume                 62,121 ordinary shares of EUR0.01 each 
       -  Price 
                                                                  Nil consideration 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   18 March 2022 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
     --------------------------------------------------------  ------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                      Robert Hoskin 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           Chief Governance Officer 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Initial notification/Amendment                            Initial notification 
     --------------------------------------------------------  ------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                      Entain plc 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   LEI                                                       213800GNI3K45LQR8L28 
     --------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary shares of Entain plc of EUR0.01 each 
      instrument 
      Identification code                                        IM00B5VQMV65 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of nil cost options under the Entain plc Annual 
                                                                and Deferred Bonus Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                                 Nil        21,164 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume 
       -  Price                                                   21,164 ordinary shares of EUR0.01 each 
 
                                                                  Nil consideration 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   18 March 2022 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
     --------------------------------------------------------  ------------------------------------------------------- 
 

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