Directors’ Dealings

Jay DossetterNews

5 April 2018

GVC Holdings PLC
(“GVC” or “Company”)

Directors’ Dealings

Kenneth Alexander and Lee Feldman (the “Directors”) have exercised their options granted under the GVC 2015 Long Term Incentive Plan (“LTIP”), which vested on 2 February 2018.  As a result, the Directors acquired the following number of GVC ordinary shares of €0.01 each (“Shares”) after each only selling sufficient Shares to cover the exercise price and applicable taxes:

 

 

 

 

Name

Number of Shares over which option exercised

Exercise price

Number of Shares sold to cover exercise price and taxes

Price Shares sold in the market

Number of Shares retained

K. Alexander

977,566

£4.22

706,167

£9.028: 698,409

£9.10: 7,758

271,399

L. Feldman

488,783

£4.67

369,125

£9.028

119,658

In accordance with the obligations associated with Lee Feldman’s LTIP award (as disclosed in the Company’s announcement of 3 February 2016), he has acquired in the market an additional 36,295 Shares at £9.077 per Share. 

In addition, Lee Feldman has also acquired a further 52,134 Shares at £9.02 per Share as a result of investing the post-tax balance of the one-off fee of £950,000 paid to him on 13 December 2017 and described in the Company’s circular to shareholders dated 21 November 2017. These Shares are at risk of forfeiture, with the risk over 50% of these Shares removed on 13 December 2019 and the risk removed on the balance of the Shares on 13 December 2020, subject solely to him continuing to hold office as a Director. 

Details of the transactions are set out below.  Following these transactions the Directors’ personal shareholdings in the Company have increased as follows:

Name

Number of Shares before Transactions

Number of Shares after Transactions

Percentage of Issued Share Capital

Kenneth Alexander

1,898,788

2,170,187

0.38

Lee Feldman

734,141

942,228

0.16

Note: Kenneth Alexander’s shareholding before and after the transactions includes 313,333 shares owned by his wife.

For further information:

GVC Holdings PLC

Kenneth Alexander, Chief Executive

Tel: +44 (0) 1624 652 559

Nick Batram, Head of Investor Relations

Tel: +44 (0) 20 3938 0066

Robert Hoskin, Company Secretary

      Tel: +350 200 78700

 

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)

Job title/role of PDMR:

CEO

2b)

Status of this notification:

Initial notification

3

Details of the issuer

a)

Name:

GVC HOLDINGS PLC

b)

LEI:

213800GNI3K45LQR8L28

4

Details of the transaction(s)

4a)

Type of instrument:

Ordinary shares of €0.01 each

4b)

Nature of the transaction:

Exercise of an option

4c)

Price per share (in pence) and volume (number) of shares:

Price per share in pence

Volume

422

977,566

4d)

Totals from 4(c):

 

­Price per share in pence

Total volume

422

977,566

4e)

Date of execution of transaction: (YYYY – MM – DD)      2018-04-03

4f)

Place of transaction:

Outside a trading venue

5

Beneficial shareholding before the transaction (including shares held by  associated  persons):

1,898,788

6

Beneficial shareholding after the transaction (including shares held by your associated persons):

2,876,354

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)

Job title/role of PDMR:

Chairman

2b)

Status of this notification:

Initial notification

3

Details of the issuer

a)

Name:

GVC HOLDINGS PLC

b)

LEI:

213800GNI3K45LQR8L28

4

Details of the transaction(s)

4a)

Type of instrument:

Ordinary shares of €0.01 each

4b)

Nature of the transaction:

Exercise of an option

4c)

Price per share (in pence) and volume (number) of shares:

Price per share in pence

Volume

467

488,783

4d)

Totals from 4(c):

 

­Price per share in pence

Total volume

467

488,783

4e)

Date of execution of transaction: (YYYY – MM – DD)      2018-04-03

4f)

Place of transaction:

Outside a trading venue

5

Beneficial shareholding before the transaction (including shares held by  associated  persons):

734,141

6

Beneficial shareholding after the transaction (including shares held by your associated persons):

1,222,924  

 

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): Investec

2

Reason for the notification

2a)

Job title/role of PDMR:

CEO

2b)

Status of this notification:

Initial notification

3

Details of the issuer

a)

Name:

GVC HOLDINGS PLC

b)

LEI:

213800GNI3K45LQR8L28

4

Details of the transaction(s)

4a)

Type of instrument:

Ordinary shares of €0.01 each

4b)

Nature of the transaction:

Share sale

4c)

Price per share (in pence) and volume (number) of shares:

Price per share in pence

Volume

902.028

698,409

4d)

Totals from 4(c):

 

­Price per share in pence

Total volume

902.028

698,409

4e)

Date of execution of transaction: (YYYY – MM – DD)      2018-04-03

4f)

Place of transaction:

London Stock Exchange (LSE)

5

Beneficial shareholding before the transaction (including shares held by  associated  persons):

2,876,354

6

Beneficial shareholding after the transaction (including shares held by your associated persons):

2,177,945

 

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): Investec

2

Reason for the notification

2a)

Job title/role of PDMR:

Chairman

2b)

Status of this notification:

Initial notification

3

Details of the issuer

a)

Name:

GVC HOLDINGS PLC

b)

LEI:

213800GNI3K45LQR8L28

4

Details of the transaction(s)

4a)

Type of instrument:

Ordinary shares of €0.01 each

4b)

Nature of the transaction:

Share sale

4c)

Price per share (in pence) and volume (number) of shares:

Price per share in pence

Volume

902.028

369,125

4d)

Totals from 4(c):

 

­Price per share in pence

Total volume

902.028

369,125

4e)

Date of execution of transaction: (YYYY – MM – DD)      2018-04-03

4f)

Place of transaction:

London Stock Exchange (LSE)

5

Beneficial shareholding before the transaction (including shares held by  associated  persons):

1,222,924

6

Beneficial shareholding after the transaction (including shares held by your associated persons):

853,799

 

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): Charles Schwab

2

Reason for the notification

2a)

Job title/role of PDMR:

Chairman

2b)

Status of this notification:

Initial notification

3

Details of the issuer

a)

Name:

GVC HOLDINGS PLC

b)

LEI:

213800GNI3K45LQR8L28

4

Details of the transaction(s)

4a)

Type of instrument:

Ordinary shares of €0.01 each

4b)

Nature of the transaction:

Share purchase

4c)

Price per share (in pence) and volume (number) of shares:

Price per share in pence

Volume

907.6896

36,295

4d)

Totals from 4(c):

 

­Price per share in pence

Total volume

907.6896

36,295

4e)

Date of execution of transaction: (YYYY – MM – DD)      2018-04-03

4f)

Place of transaction:

London Stock Exchange (LSE)

5

Beneficial shareholding before the transaction (including shares held by  associated  persons):

853,799

6

Beneficial shareholding after the transaction (including shares held by your associated persons):

890,094

 

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): Investec

2

Reason for the notification

2a)

Job title/role of PDMR:

Chairman

2b)

Status of this notification:

Initial notification

3

Details of the issuer

a)

Name:

GVC HOLDINGS PLC

b)

LEI:

213800GNI3K45LQR8L28

4

Details of the transaction(s)

4a)

Type of instrument:

Ordinary shares of €0.01 each

4b)

Nature of the transaction:

Share purchase

4c)

Price per share (in pence) and volume (number) of shares:

Price per share in pence

Volume

902

52,134

4d)

Totals from 4(c):

 

­Price per share in pence

Total volume

902

52,134

4e)

Date of execution of transaction: (YYYY – MM – DD)      2018-04-03

4f)

Place of transaction:

London Stock Exchange (LSE)

5

Beneficial shareholding before the transaction (including shares held by  associated  persons):

890,094

6

Beneficial shareholding after the transaction (including shares held by your associated persons):

942,228

 

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): Investec

2

Reason for the notification

2a)

Job title/role of PDMR:

CEO

2b)

Status of this notification:

Initial notification

3

Details of the issuer

a)

Name:

GVC HOLDINGS PLC

b)

LEI:

213800GNI3K45LQR8L28

4

Details of the transaction(s)

4a)

Type of instrument:

Ordinary shares of €0.01 each

4b)

Nature of the transaction:

Share sale

4c)

Price per share (in pence) and volume (number) of shares:

Price per share in pence

Volume

910

7,758

4d)

Totals from 4(c):

 

­Price per share in pence

Total volume

910

7,758

4e)

Date of execution of transaction: (YYYY – MM – DD)      2018-04-04

4f)

Place of transaction:

London Stock Exchange (LSE)

5

Beneficial shareholding before the transaction (including shares held by  associated  persons):

2,177,945

6

Beneficial shareholding after the transaction (including shares held by your associated persons):

2,170,187