25 March 2021
Entain plc
("Entain" or "Company")
Notification of Transactions by Persons Discharging Managerial Responsibility
Or Persons Closely Associated
Awards granted under the Entain plc 2017 Long Term Incentive Plan ("LTIP")
Entain plc (LSE: ENT), the global sports betting and gaming group, announces the following awards over Entain ordinary shares of €0.01 each ("Shares") were granted to Executive Directors of the Company on 24 March 2021 as set out below:
| Director | Plan | Number of Shares subject to the Award |
| Jette Nygaard-Andersen CEO | LTIP 2021 grant | 147,540
|
| Robert Wood CFO and Deputy CEO | LTIP 2021 grant | 86,065 |
| Robert Hoskin Chief Governance Officer | LTIP 2021 grant | 65,573 |
Entain has also been notified that on 24 March 2021 Robert Hoskin had acquired ordinary shares of €0.01 each in the capital of the Company as set out below.
| Name/ Role | Shares held prior to dealing | Nature of Transaction | Number of Shares acquired | Price (p) | Total Shares held after dealing |
| Robert Hoskin Chief Governance Officer | 762 | Option Exercise | 11,734 | Nil | 12,496 |
The LTIP awards will normally vest on 24 March 2024, being the third anniversary of the award date subject to 1) continuous employment; and 2) the satisfaction of the relative Total Shareholder Return and the cumulative Earnings Per Share performance conditions set by the Company's Remuneration Committee on 24 February 2021. These stretching performance conditions, are detailed in the 2020 Directors' Remuneration Report in the Entain Annual Report (that will be available on the Entain corporate website at www.entaingroup.com from Monday 29th March 2021).
The terms of these awards provide the Remuneration Committee with the ability to review the outcome at vesting and, if it concludes that participants would benefit from 'windfall gains', it will consider making appropriate adjustments to reflect this.
Following the above transactions the Entain Directors hold in aggregate 204,018 Shares (including those of their closely associated persons) equivalent to 0.02% of the Company's issued share capital.
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.
Enquiries:
| Company Secretary Emily Carey
Investor Relations
| secretary@entaingroup.com |
|
| David Lloyd-Seed, Group Director of Investor Relations & Corporate Communications | ||
|
|
| |
| Powerscourt | entain@powerscourt-group.com | |
| Rob Greening / Elly Williamson | Tel: +44 (0) 20 7250 1446
| |
LEI:213800GNI3K45LQR8L28
About Entain plc
Entain plc (LSE:ENT) is a FTSE100 company and is one of the world's largest sports-betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. The Group has also entered into a joint-venture with MGM Resorts to capitalise on the sports-betting and gaming opportunity in the US. The Group is tax resident in the UK with licenses in more than 20 countries, across five continents.
For more information see the Group's website: www.entaingroup.com
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Jette Nygaard-Andersen | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Executive Officer | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Entain plc | ||||
| b) | LEI | 213800GNI3K45LQR8L28 | ||||
| 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 instrument, type of instrument Identification code | Ordinary shares of Entain plc of €0.01 each IM00B5VQMV65 | ||||
| b) | Nature of the transaction | Grant of conditional shares under the Entain plc 2017 Long Term Incentive Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
|
147,540 ordinary shares of €0.01 each
| ||||
| e) | Date of the transaction | 24 March 2021 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Robert Wood | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Financial Officer and Deputy Chief Executive Officer | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Entain plc | ||||
| b) | LEI | 213800GNI3K45LQR8L28 | ||||
| 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 instrument, type of instrument Identification code | Ordinary shares of Entain plc of €0.01 each IM00B5VQMV65 | ||||
| b) | Nature of the transaction | Grant of conditional shares under the Entain plc 2017 Long Term Incentive Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
|
86,065 ordinary shares of €0.01 each
| ||||
| e) | Date of the transaction | 24 March 2021 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Robert Hoskin | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Governance Officer | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Entain plc | ||||
| b) | LEI | 213800GNI3K45LQR8L28 | ||||
| 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 instrument, type of instrument Identification code | Ordinary shares of Entain plc of €0.01 each IM00B5VQMV65 | ||||
| b) | Nature of the transaction | Grant of nil cost option shares under the Entain plc 2017 Long Term Incentive Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
|
65,573 ordinary shares of €0.01 each
| ||||
| e) | Date of the transaction | 24 March 2021 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Robert Hoskin | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Governance Officer | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Entain plc | ||||
| b) | LEI | 213800GNI3K45LQR8L28 | ||||
| 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 instrument, type of instrument Identification code | Ordinary shares of Entain plc of €0.01 each IM00B5VQMV65 | ||||
| b) | Nature of the transaction | Exercise of options granted under the 2017 Long Term Incentive Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
|
11,734 ordinary shares of €0.01 each
| ||||
| e) | Date of the transaction | 24 March 2021 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
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