Playtech PLC Director/PDMR Shareholding (8202W)
August 22 2022 - 11:30AM
UK Regulatory
TIDMPTEC
RNS Number : 8202W
Playtech PLC
22 August 2022
Playtech PLC
('Playtech' or the 'Company')
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulations.
On 19 August 2022, the below awards under the Playtech Long Term
Incentive Plan 2022 (the "Plan") were made to certain PDMRs of the
Company. As stated in the Annual Report, following shareholder
approval of a new LTIP, the Remuneration Committee has approved the
grant of LTIP awards this year at 200% of salary for the CEO and
150% for the CFO. The Remuneration Committee confirms it has not
and will not issue any form of catch-up LTIP award for 2021 despite
no awards being made due to the Company being in a closed period
for the majority of last year.
PDMR No. of shares under award
Mor Weizer 351,724
--------------------------
Andrew Smith 144,041
--------------------------
The awards are structured as nil cost options over ordinary
shares of no par value, and, subject to certain conditions, will
ordinarily become exercisable as from 18 August 2025. Once
exercisable, an award shall ordinarily remain exercisable as to its
vested shares until the eve of the tenth anniversary of the grant
date of the awards. The performance conditions to which the awards
are subject are total shareholder return versus the FTSE 250 Index,
total shareholder return compared to the Company's peer group, and
challenging EPS growth targets.
Further details of the awards are set out below.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Mor Weizer
-------------------------------- ---------------------------------------------
Reason for Notification
2
-------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------------- ---------------------------------------------
b) Initial notification/Amendment Initial Announcement
-------------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name Playtech plc
-------------------------------- ---------------------------------------------
b) LEI 21380068TTB6Z9ZEU548
-------------------------------- ---------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Playtech plc of
instrument, type of instrument no par value
Identification code IM00B7S9G985
-------------------------------- ---------------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the Company's LTIP Scheme. The award
will ordinarily become exercisable
as from 18 August 2025, subject to
continued service and the extent to
which performance conditions consisting
of both total shareholder return and
earnings per share performance are
satisfied. In the case of total shareholder
return, performance will be measured
over the three-year period ending
on 18 August 2025. In the case of
earnings per share, performance will
be measured over the three financial
years ending on 31 December 2024.
Once exercisable, the award shall
ordinarily remain exercisable as to
its vested shares until the eve of
the tenth anniversary of the grant
date of the award.
-------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 351,724
----------
-------------------------------- ---------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
-------------------------------- ---------------------------------------------
e) Date of the transaction 19 August 2022
-------------------------------- ---------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ---------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Andrew Smith
-------------------------------- ---------------------------------------------
Reason for Notification
2
-------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------------- ---------------------------------------------
b) Initial notification/Amendment Initial Announcement
-------------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name Playtech plc
-------------------------------- ---------------------------------------------
b) LEI 21380068TTB6Z9ZEU548
-------------------------------- ---------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Playtech plc of
instrument, type of instrument no par value
Identification code IM00B7S9G985
-------------------------------- ---------------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the Company's LTIP Scheme. The award
will ordinarily become exercisable
as from 18 August 2025, subject to
continued service and the extent to
which performance conditions consisting
of both total shareholder return and
earnings per share performance are
satisfied. In the case of total shareholder
return, performance will be measured
over the three-year period ending
on 18 August 2025. In the case of
earnings per share, performance will
be measured over the three financial
years ending on 31 December 2024.
Once exercisable, the award shall
ordinarily remain exercisable as to
its vested shares until the eve of
the tenth anniversary of the grant
date of the award.
-------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 144,041
----------
-------------------------------- ---------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
-------------------------------- ---------------------------------------------
e) Date of the transaction 19 August 2022
-------------------------------- ---------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ---------------------------------------------
-S -
For further information please contact:
Playtech plc
Chris McGinnis, Director of
Investor Relations & Strategic
Analysis
Headland (PR adviser to Playtech)
+44 (0) 2038054822
Lucy Legh, Stephen Malthouse
About Playtech
Founded in 1999 and premium listed on the Main Market of the
London Stock Exchange, Playtech is a technology leader in the
gambling and financial trading industries with over 6,600 employees
across 26 countries.
Playtech is the gambling industry's leading technology company
delivering business intelligence driven gambling software,
services, content and platform technology across the industry's
most popular product verticals, including, casino, live casino,
sports betting, virtual sports, bingo and poker. It is the pioneer
of omni-channel gambling technology through its integrated platform
technology, Playtech ONE. Playtech ONE delivers data driven
marketing expertise, single wallet functionality, CRM and
responsible gambling solutions across one single platform across
product verticals and across retail and online.
Playtech partners with and invests in the leading brands in
regulated and newly regulated markets to deliver its data driven
gambling technology across the retail and online value chain.
Playtech provides its technology on a B2B basis to the industry's
leading retail and online operators, land-based casino groups and
government sponsored entities such as lotteries. Playtech directly
owns and operates Snai, the leading sports betting and gaming brand
across online and retail in Italy.
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