PDMR Shareholding

Jay DossetterNews

27 March 2019

GVC Holdings PLC
(“GVC” or “Company”)

Notification of Transactions by Persons Discharging Managerial Responsibility or Persons Closely Associated

Awards granted under the GVC Holdings PLC 2017 Long Term Incentive Plan (“LTIP”)  and the Annual and Deferred Bonus Plan (“ADBP”)

The following awards over GVC ordinary shares of €0.01 each (“Shares”) were granted to Executive Directors of the Company on 26 March 2019 as set out below:

Name

Plan

Number of Shares subject to the Award

Kenneth Alexander

CEO

LTIP – 2019 grant

344,332

Kenneth Alexander

CEO

ADBP – 2018 Deferred Bonus

109,293

Rob Wood

CFO

LTIP – 2019 grant

197,044

 

The allocation for the CEO was calculated by the GVC Remuneration Committee using its discretion and adopting the share price at the close on 5 March 2019 of £6.97 and therefore represents a 27% allocation discount.

The LTIP awards will normally vest on 26 March 2022, being the third anniversary of the award date subject to a. continuous employment and b. the satisfaction of the relative Total Shareholder Return (50%) and the cumulative Earning Per Share (50%) performance conditions, details of which will be disclosed in the 2018 Directors’ Remuneration Report.

In the Company’s remuneration policy, 50% of the CEO’s annual bonus is deferred in Shares.  The above deferred bonus award has been granted in respect of the CEO’s annual bonus for the 2018 financial year. This award will normally vest on 26 March 2022, being the third anniversary of the award date, subject to continuous employment.

The Company’s remuneration policy is focused on incentivising Executive Directors to execute the strategy and create value for shareholders and consequently the remuneration arrangements are heavily weighted towards incentivisation through share awards.  Together with existing share incentive awards and those announced today, Kenneth Alexander now has the following Share interests in GVC:

Holding / Interest

Number of Shares

Shareholding

666,666

Two deferred Share awards under the two GVC Annual and Deferred Bonus Plan

100,576+109,293 = 209,869

Three awards under the GVC Long-term Incentive Plan

242,587+225,338+344,332 = 812,257

Total number of Shares

1,688,792

Via the remuneration policy it is anticipated that this Share interest will build significantly over time dependent on the performance of GVC’s business.

Kenneth Alexander (CEO) said:

“I remain totally committed to GVC for the long-term, and as such I will not sell any further shares in GVC while I am CEO.  We have had an excellent start to the year and I look forward to updating on progress in our Q1 trading update on 5th April 2019 and at the Capital Markets Day on 16th May 2019.”

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

For further information:

GVC Holdings PLC

Kenneth Alexander, Chief Executive

Rob Wood, Chief Financial Officer

Paul Tymms, Director of Investor Relations and Corporate Communications

(investors@gvc-plc.com)

Media enquiries:

Buchanan Communications

David Rydell / Chris Lane

Tel: +44 (0) 20 7466 5000