Sportech PLC LTIP Option Awards (4049O)
07 November 2016 - 8:00PM
UK Regulatory
TIDMSPO
RNS Number : 4049O
Sportech PLC
07 November 2016
7 November 2016
Sportech PLC
LTIP Option Awards
On 3 November 2016, awards over ordinary shares of 50 pence each
in Sportech PLC (the "Company") were made to certain Directors and
other persons discharging managerial responsibilities ("PDMR") as
follows.
The awards were approved by the Remuneration Committee, under
the Company's annual award cycle, in respect of 2016. These awards
are usually granted in March of each year, but have been deferred
until now, because of certain ongoing anticipated corporate
activity which ceased on 1 November 2016.
Name of Director/PDMR No. of Shares Structure
under the of Award Exerciseable
Award
Ian Penrose 607,636 Nil Cost
Option
Mickey Kalifa 290,135 Nil Cost
Option
Luisa Wright 153,191 Nil Cost On third anniversary
Option subject to continuing
employment, total shareholder
return and other financial
performance criteria
The awards were granted under the rules of the Sportech
Performance Share Plan and structured as noted above. No
consideration was paid for the grant of the awards and no
consideration is due on the maturity of the awards. The awards will
normally become exercisable (or vest as relevant) shortly following
the third anniversary of grant, subject to continued employment and
to the extent the total shareholder return and financial
performance conditions are achieved. Once vested, the awards
structured as nil cost options shall ordinarily remain exercisable
for a period of 12 months.
This notification is being made in accordance with DTR
3.1.4.
- ends -
For further information, please contact:
Sportech PLC
Luisa Wright, Group General Counsel & Company Secretary +44
(0)20 7268 2400
This information is provided by RNS
The company news service from the London Stock Exchange
END
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