News Archive

19 December 2016

Directors' Dealings

Options granted under the shareholder approved GVC Holdings PLC 2015 Long Term Incentive Plan ("2015 LTIP") to Kenneth Alexander, Richard Cooper and Lee Feldman (the "Directors") have begun to vest in accordance with the vesting schedules applying to their options.   In accordance with the terms of the 2015 LTIP, the Remuneration Committee has exercised its discretion to make a cash alternative payment to the Directors in respect of that portion of the shares that have vested to date and over which the Directors had notified their intention to exercise their options. The cash alternative payment was calculated by deducting the option price from the market value of a share on the day prior to the date that the Company received notices of exercises from the Directors (being 15 December 2016) and multiplying this amount by the number of vested shares.  

Where a cash alternative payment is made, the right to receive shares lapses automatically. The Directors' options over the following shares in the Company have therefore lapsed:

Kenneth Alexander - 1,955,128 shares at an option price of £4.22 per share
Richard Cooper - 977,564 shares at an option price of £4.22 per share
Lee Feldman - 977,564 shares at an option price of £4.67 per share

The Directors' personal shareholding in the Company remains unchanged at:

Name Number of Shares Percentage of Issued Share Capital
Kenneth Alexander 1,898,788
(See Note A below)
0.65
Richard Cooper 1,092,553
(See Note B below)
0.37
Lee Feldman 702,169 0.24

Notes:

(A)   This includes 313,333 shares owned by Kenneth Alexander's wife
(B)   This includes 335,000 shares owned by Richard Cooper's wife

 

For further information:

GVC Holdings PLC


Kenneth Alexander, Chief Executive

Tel: +44 (0) 1624 652 559

Richard Cooper, Group Finance Director
Nick Batram, Head of Investor Relations & Corporate Strategy

 
Tel: +44 (0) 20 7337 0110

 

Media enquiries:

Bell Pottinger
David Rydell, James Newman, Anna Legge, Laura Jaques Tel: +44 (0) 20 3772 2500


 

NOTIFICATION OF TRANSACTIONS BY PDMRs AND PCAs FOR USE BY THE COMPANY WHEN NOTIFYING THE FINANCIAL CONDUCT AUTHORITY


Transaction undertaken by or on behalf of (TICK ONLY ONE): X  PDMR

Person closely associated
1 Details of the PDMR/person closely associated

Full legal name of person / company (or other entity) who/which has undertaken the transaction: KENNETH ALEXANDER

Nature of holding (please delete those not applicable):
Beneficial

Name of broker used (if any): N/A
2 Reason for the notification
2a) Complete if 'PDMR' is ticked above (otherwise leave blank):

Job title/role of PDMR (e.g. CEO / CFO): CEO

Complete if 'closely associated person' is ticked above (otherwise leave blank):

Full legal name of associated PDMR:

Job title/role of associated PDMR:
2b) Status of this notification (TICK ONLY ONE): X Initial notification

Amendment to a previous notification

Details of amendment (if applicable):
3 Details of the transaction(s)
Please complete a separate form for each transaction/group of transactions if the answers to 3 (a), (b), (d), (e) and (f) are not identical.
3a) Type of instrument (TICK ONLY ONE): X Ordinary shares of GVC Holdings PLC

Other (give details)
3b) Nature of the transaction(s) (TICK ONLY ONE):
Purchase of shares

Sale of shares

Exercise of share option
X Other (give details)
 
 
 
3c)
Price per share (in pence) and volume (number) of shares:
You can list multiple transactions here if the answers to 3(a), (b), (d), (e) and (f) are identical. You must use a separate form if any details differ.
Price per share in pence Volume
p £4.22
p
p
p
p
(insert extra rows as needed)
 
3d)
Totals from 3(c):
If only one transaction is listed at 3(c), enter the same figures here.
-Price per share in pence
(use the weighted average price for multiple transactions)
Total volume
p 1,955,128
 
3e)
Date of execution of transaction: (YYYY - MM - DD)        2016-12-16
Time of execution of transaction: 12.30 P.M.
Time zone of transaction: X GMT

Other (please state):
3f) Place of transaction X London Stock Exchange (LSE)

Other (please state):
4 Enter your beneficial shareholding before the transaction (include shares held by your associated  persons): 1,585,455
5 Enter your beneficial shareholding after the transaction (include shares held by your associated persons): 1,585,455

Transaction undertaken by or on behalf of (TICK ONLY ONE): X PDMR

Person closely associated
1 Details of the PDMR/person closely associated

Full legal name of person / company (or other entity) who/which has undertaken the transaction: RICHARD COOPER

Nature of holding (please delete those not applicable):
Beneficial

Name of broker used (if any): N/A
2 Reason for the notification
2a) Complete if 'PDMR' is ticked above (otherwise leave blank):

Job title/role of PDMR (e.g. CEO / CFO): CFO

Complete if 'closely associated person' is ticked above (otherwise leave blank):

Full legal name of associated PDMR:

Job title/role of associated PDMR:
2b) Status of this notification (TICK ONLY ONE): X Initial notification

Amendment to a previous notification

Details of amendment (if applicable):
3 Details of the transaction(s)
Please complete a separate form for each transaction/group of transactions if the answers to 3 (a), (b), (d), (e) and (f) are not identical.
3a) Type of instrument (TICK ONLY ONE): X Ordinary shares of GVC Holdings PLC

Other (give details)
3b) Nature of the transaction(s) (TICK ONLY ONE):
Purchase of shares

Sale of shares

Exercise of share option
X Other (give details)
 
 
 
3c)
Price per share (in pence) and volume (number) of shares:
You can list multiple transactions here if the answers to 3(a), (b), (d), (e) and (f) are identical. You must use a separate form if any details differ.
Price per share in pence Volume
p £4.22
p
p
p
p
(insert extra rows as needed)
 
3d)
Totals from 3(c):
If only one transaction is listed at 3(c), enter the same figures here.
-Price per share in pence
(use the weighted average price for multiple transactions)
Total volume
p 977,564
 
3e)
Date of execution of transaction: (YYYY - MM - DD)        2016-12-16
Time of execution of transaction: 12.30 P.M.
Time zone of transaction: X GMT

Other (please state):
3f) Place of transaction X London Stock Exchange (LSE)

Other (please state):
4 Enter your beneficial shareholding before the transaction (include shares held by your associated  persons): 757,553
5 Enter your beneficial shareholding after the transaction (include shares held by your associated persons): 757,553

Transaction undertaken by or on behalf of (TICK ONLY ONE): X PDMR

Person closely associated
1 Details of the PDMR/person closely associated

Full legal name of person / company (or other entity) who/which has undertaken the transaction: LEE FELDMAN

Nature of holding (please delete those not applicable):
Beneficial

Name of broker used (if any): N/A
2 Reason for the notification
2a) Complete if 'PDMR' is ticked above (otherwise leave blank):

Job title/role of PDMR (e.g. CEO / CFO): CHAIRMAN

Complete if 'closely associated person' is ticked above (otherwise leave blank):

Full legal name of associated PDMR:

Job title/role of associated PDMR:
2b) Status of this notification (TICK ONLY ONE): X Initial notification

Amendment to a previous notification

Details of amendment (if applicable):
3 Details of the transaction(s)
Please complete a separate form for each transaction/group of transactions if the answers to 3 (a), (b), (d), (e) and (f) are not identical.
3a) Type of instrument (TICK ONLY ONE): X Ordinary shares of GVC Holdings PLC

Other (give details)
3b) Nature of the transaction(s) (TICK ONLY ONE):
Purchase of shares

Sale of shares

Exercise of share option
X Other (give details)
 
 
 
3c)
Price per share (in pence) and volume (number) of shares:
You can list multiple transactions here if the answers to 3(a), (b), (d), (e) and (f) are identical. You must use a separate form if any details differ.
Price per share in pence Volume
p £4.22
p
p
p
p
(insert extra rows as needed)
 
3d)
Totals from 3(c):
If only one transaction is listed at 3(c), enter the same figures here.
-Price per share in pence
(use the weighted average price for multiple transactions)
Total volume
p 977,564
 
3e)
Date of execution of transaction: (YYYY - MM - DD)        2016-12-16
Time of execution of transaction: 12.30 P.M.
Time zone of transaction: X GMT

Other (please state):

 

 

 

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