GAME Digital PLC Director/PDMR Shareholding (6066F)
July 16 2019 - 2:01AM
UK Regulatory
TIDMGMD
RNS Number : 6066F
GAME Digital PLC
16 July 2019
GAME DIGITAL PLC
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulation.
Game Digital plc (the "Company") announces the exercise of nil
cost option awards (the "Awards") granted under the rules of Game
Digital plc Performance Share plan (the "PSP") on 15 July 2019.
On 5 June 2019, Sports Direct International plc ("Sports
Direct") announced, pursuant to Rule 2.7 of the City Code on
Takeovers and Mergers (the "Takeover Code"), that it had
unconditionally agreed to acquire 14,869,666 ordinary shares of 1
pence each in the capital of the Company and as a result was
required under Rule 9 of the Takeover Code to make a mandatory cash
offer to acquire the entire issued ordinary share capital of the
Company other than shares already held by Sports Direct (or any
persons acting in concert with it) (the "Offer").
In accordance with the rules of the PSP, the Remuneration
Committee and the Board met and determined the extent to which any
outstanding Awards would vest in the event of a change of control
as a result of the Offer.
Certain of the outstanding Awards subsequently vested and became
exercisable on 9 July 2019, following an announcement by Sports
Direct earlier the same day declaring the Offer for the Company
unconditional in all respects.
Below details the exercise of the Awards to acquire ordinary
shares of 1 pence each in the capital of the Company, made under
the PSP, on the London Stock Exchange on 15 July 2019 and notified
to GAME Digital plc on 15 July 2019.
The relevant notifications set out below are provided in
accordance with the requirements of Article 19 of the EU Market
Abuse Regulation.
Ruth Cartwright, Company Secretary
Tel: 01256 784229
16 July 2019
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Martyn Gibbs
------------------------------- ----------------------------------------
2 Reason for Notification
-------------------------------------------------------------------------
a) Position/status Director
------------------------------- ----------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name GAME Digital plc
------------------------------- ----------------------------------------
b) LEI 213800EIPHJQXIO4JK48
------------------------------- ----------------------------------------
4 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 of the financial Ordinary Shares of GBP0.01 each in
instrument, type of GAME Digital plc
instrument
ISIN: GB00BMP36W19
Identification code
------------------------------- ----------------------------------------
b) Nature of the transaction Exercise of nil cost option awards
under the Game Digital plc Performance
Share Plan.
------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 1,125,000
----------
Nil 401,929
----------
------------------------------- ----------------------------------------
d) Aggregated information
* Aggregated volume Aggregated volume: 1,526,929
Aggregated price: Nil
* Price
------------------------------- ----------------------------------------
e) Date of the transaction 15 July 2019
------------------------------- ----------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ray Kavanagh
------------------------------- ----------------------------------------
2 Reason for Notification
-------------------------------------------------------------------------
a) Position/status Director
------------------------------- ----------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name GAME Digital plc
------------------------------- ----------------------------------------
b) LEI 213800EIPHJQXIO4JK48
------------------------------- ----------------------------------------
4 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 of the financial Ordinary Shares of GBP0.01 each in
instrument, type of GAME Digital plc
instrument
ISIN: GB00BMP36W19
Identification code
------------------------------- ----------------------------------------
b) Nature of the transaction Exercise of nil cost option awards
under the Game Digital plc Performance
Share Plan.
------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 176,849
----------
------------------------------- ----------------------------------------
d) Aggregated information
* Aggregated volume Aggregated volume: 176,849
Aggregated price: Nil
* Price
------------------------------- ----------------------------------------
e) Date of the transaction 15 July 2019
------------------------------- ----------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Pablo Crespo
------------------------------- ----------------------------------------
2 Reason for Notification
-------------------------------------------------------------------------
a) Position/status PDMR (Director General Spain)
------------------------------- ----------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name GAME Digital plc
------------------------------- ----------------------------------------
b) LEI 213800EIPHJQXIO4JK48
------------------------------- ----------------------------------------
4 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 of the financial Ordinary Shares of GBP0.01 each in
instrument, type of GAME Digital plc
instrument
ISIN: GB00BMP36W19
Identification code
------------------------------- ----------------------------------------
b) Nature of the transaction Exercise of nil cost option awards
under the Game Digital plc Performance
Share Plan.
------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 192,834
----------
Nil 354,190
----------
Nil 111,094
----------
------------------------------- ----------------------------------------
d) Aggregated information
* Aggregated volume Aggregated volume: 658,118
Aggregated price: Nil
* Price
------------------------------- ----------------------------------------
e) Date of the transaction 15 July 2019
------------------------------- ----------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- ----------------------------------------
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London Stock Exchange. RNS is approved by the Financial Conduct
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of this information may apply. For further information, please
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END
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