Stride Gaming PLC Award and issuance of ordinary shares (2375H)
06 June 2017 - 4:23PM
UK Regulatory
TIDMSTR
RNS Number : 2375H
Stride Gaming PLC
06 June 2017
6 June 2017
Stride Gaming plc
("Stride Gaming", or the "Company")
Award and issuance of ordinary shares of 1p in the Company
("Ordinary Shares") under the Long-Term Incentive Plan ("LTIP")
Pursuant to the authority granted at the General Meeting on 23
August 2016, the Company announces that it has today made a grant
of a Forfeitable Shares Award under the terms of the Stride Gaming
plc Long Term Incentive Plan to the executive directors of Stride
Gaming, with the details of the awards summarised below.
Director and PDMR Number of Ordinary Number of Ordinary
Shares which LTIP Shares which LTIP
awards were granted awards were granted
for 2015/2016 for 2016/2017
------------------- --------------------- ---------------------
Eitan Boyd 111,111 113,333
------------------- --------------------- ---------------------
Darren Sims 111,111 113,333
------------------- --------------------- ---------------------
Ronen Kannor 66,667 77,778
------------------- --------------------- ---------------------
Total 288,889 304,444
------------------- --------------------- ---------------------
Date of vesting 31/08/2018 31/08/2019
------------------- --------------------- ---------------------
The awards under the LTIP will be satisfied in the form of
Ordinary Shares, with a face value of up to 100% of the respective
director's salary for the relevant financial year, on a three-year
vesting period with the authority by the remuneration committee to
shorten standard vesting periods to take account of delayed award
cycles. The award will be subject to stretching performance
conditions set at the time of grant, which includes metrics based
on the Company's financial performance which is in line with the
Company's stated growth strategy. The vested LTIP awards will be
exercisable until the tenth anniversary of the grant date, subject
to the individual's ongoing employment. The beneficial interest in
the Forfeitable Shares will be transferred to the participants if
the conditions set out in Stride Gaming plc Long Term Incentive
Plan have been met and after consulting with the Remuneration
Committee.
Admission and Total Voting Rights
Pursuant to the grant of the Forfeitable Shares Award under the
terms of the Stride Gaming plc Long Term Incentive Plan as set out
above, 593,333 new ordinary shares of 1p each in the Company ("New
Ordinary Shares") have been issued and allotted to the EBT.
Application for the New Ordinary Shares to be admitted to
trading on AIM ("Admission") has been made and it is expected that
Admission will become effective on or around 9(th) June 2017.
Following the issue of the New Ordinary Shares, the Company's
issued share capital and total voting rights comprises 67,960,118
ordinary shares of 1p each. The Company does not hold any shares in
treasury and therefore this figure may be used by shareholders as
the denominator for the calculation by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
1 Details of PDMR
---- -----------------------------------------------------------
(a) Name Eitan Boyd
---- ------------------------------- --------------------------
(b) Position/status Chief Executive Officer
---- ------------------------------- --------------------------
(c) Initial notification/amendment Initial Notification
---- ------------------------------- --------------------------
2 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 Ordinary Shares
of the financial ISIN:JE00BWT5X884
instrument
---- ------------------------------- --------------------------
(b) Nature of the LTIP
transaction
---- ------------------------------- --------------------------
(c) Price(s) and Price(s) Volume(s)
volume(s) ------------ ----------
GBP505,000 224,444
------------ ----------
---- ------------------------------- --------------------------
(d) Aggregated information 224,444 ordinary shares
Aggregated volume of GBP0.01 each
Price
---- ------------------------------- --------------------------
(e) Date of the 30/05/2017
transaction
---- ------------------------------- --------------------------
(f) Place of the Outside a trading venue
transaction
---- ------------------------------- --------------------------
1 Details of PDMR
---- -----------------------------------------------------------
(a) Name Darren Sims
---- ------------------------------- --------------------------
(b) Position/status Chief Operating Officer
---- ------------------------------- --------------------------
(c) Initial notification/amendment Initial Notification
---- ------------------------------- --------------------------
2 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 Ordinary Shares
of the financial ISIN:JE00BWT5X884
instrument
---- ------------------------------- --------------------------
(b) Nature of the LTIP
transaction
---- ------------------------------- --------------------------
(c) Price(s) and Price(s) Volume(s)
volume(s) ------------ ----------
GBP505,000 224,444
------------ ----------
---- ------------------------------- --------------------------
(d) Aggregated information 224,444 ordinary shares
Aggregated volume of GBP0.01 each
Price
---- ------------------------------- --------------------------
(e) Date of the 30/05/2017
transaction
---- ------------------------------- --------------------------
(f) Place of the Outside a trading venue
transaction
---- ------------------------------- --------------------------
1 Details of PDMR
---- -----------------------------------------------------------
(a) Name Ronen Kannor
---- ------------------------------- --------------------------
(b) Position/status Chief Financial Officer
---- ------------------------------- --------------------------
(c) Initial notification/amendment Initial Notification
---- ------------------------------- --------------------------
2 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 Ordinary Shares
of the financial ISIN:JE00BWT5X884
instrument
---- ------------------------------- --------------------------
(b) Nature of the LTIP
transaction
---- ------------------------------- --------------------------
(c) Price(s) and Price(s) Volume(s)
volume(s) ------------ ----------
GBP325,000 144,445
------------ ----------
---- ------------------------------- --------------------------
(d) Aggregated information 144,445 ordinary shares
Aggregated volume of GBP0.01 each
Price
---- ------------------------------- --------------------------
(e) Date of the 30/05/2017
transaction
---- ------------------------------- --------------------------
(f) Place of the Outside a trading venue
transaction
---- ------------------------------- --------------------------
Enquiries:
Stride Gaming plc
Nigel Payne (Non-Executive Chairman)
Eitan Boyd (Chief Executive Officer)
Ronen Kannor (Chief Financial Officer) +44 (0) 20
www.stridegaming.com 7284 6080
Shore Capital (Nominated Adviser
and Joint Broker)
Mark Percy +44 (0) 20
Toby Gibbs 7408 4090
Canaccord Genuity Limited (Joint
Broker)
Bruce Garrow
Emma Gabriel +44 (0) 20
Richard Andrews 7523 8000
Yellow Jersey PR
Alistair de Kare-Silver +44 (0) 7825
Felicity Winkles 916 715
About Stride Gaming plc:
Stride Gaming is a leading online gaming operator in the soft
gaming verticals of online bingo and the global social gaming
market. The Company operates a multi-branded strategy across its
two verticals, and uses its own proprietary and purchased software
to provide online bingo and slot gaming for its players, and a
social gaming mobile application. Stride Gaming's real money
offering is presently focused on the UK market, is licensed and
only operates from the regulated jurisdictions of the UK and
Alderney. The Company's players' reach is international in the
mobile social gaming market with a focus on the North American
market. The Company has 105 brands, is the fourth largest online
bingo operator in the UK, and has over 25% share of the UK online
bingo landscape.
Further information on the Group is available at:
www.stridegaming.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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