Directors’ Dealings

Clarissa Elsner

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:

NameNumber of SharesPercentage of Issued Share Capital
Kenneth Alexander1,898,788
(See Note A below)
0.65
Richard Cooper1,092,553
(See Note B below)
0.37
Lee Feldman702,1690.24

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 ExecutiveTel: +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 JaquesTel: +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
1Details 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
2Reason 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):XInitial notification
Amendment to a previous notification
Details of amendment (if applicable):
3Details 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):XOrdinary 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
XOther (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 penceVolume
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
p1,955,128
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:XGMT
Other (please state):
3f)Place of transactionXLondon Stock Exchange (LSE)
Other (please state):
4Enter your beneficial shareholding before the transaction (include shares held by your associated  persons):1,585,455
5Enter 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):XPDMR
Person closely associated
1Details 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
2Reason 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):XInitial notification
Amendment to a previous notification
Details of amendment (if applicable):
3Details 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):XOrdinary 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
XOther (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 penceVolume
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
p977,564
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:XGMT
Other (please state):
3f)Place of transactionXLondon Stock Exchange (LSE)
Other (please state):
4Enter your beneficial shareholding before the transaction (include shares held by your associated  persons):757,553
5Enter 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):XPDMR
Person closely associated
1Details 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
2Reason 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):XInitial notification
Amendment to a previous notification
Details of amendment (if applicable):
3Details 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):XOrdinary 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
XOther (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 penceVolume
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
p977,564
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:XGMT
Other (please state):