William Hill PLC Director/PDMR Shareholding (4892F)
09 Marzo 2020 - 10:11AM
UK Regulatory
TIDMWMH
RNS Number : 4892F
William Hill PLC
09 March 2020
William Hill PLC (the 'Company')
Director/PDMR shareholding
9 March 2019
William Hill PLC (LSE: WMH) confirms, in accordance with the
current Remuneration Policy of the Company approved by shareholders
of the Company at the Annual General Meeting of the Company held in
2017, that awards under the Group's Performance Share Plan ('PSP')
and Executive Deferred Share Bonus Plan ("EDSBP"), have been
granted over the Company's ordinary share capital to Ulrik
Bengtsson, Chief Executive Officer on 9 March 2020 as set out
below:
PSP Award
Director / PDMR PSP Award
Ulrik Bengtsson 800,000
----------
The PSP Award is granted as a nil-cost option award. Reflecting
a recent decline in the William Hill PLC share price, PSP award
levels have been reduced by using a share price of GBP1.50 (the
three day average share price following the publication of the 2019
results) to determine the number of shares under award rather than
using the prevailing share price.
The vesting of the Award is conditional on continued service and
the satisfaction of four performance conditions, each measured over
a three year performance period as follows: 20% of the Award will
be subject to relative shareholder return (TSR); 30% will be
subject to Online net revenue (excluding the US); 20% will be
subject to Retail performance and a further 30% of the Award will
be based on US growth. Any Award shares vesting on satisfactory
achievement of the performance conditions will be subject to a two
year post vesting holding period.
EDSBP Award
Director / PDMR EDSBP Award
Ulrik Bengtsson 189,257
------------
The EDSBP Award is granted as a nil-cost option award with the
value linked to the bonus outcome for the 2019 financial year under
the Company's Executive Deferred Share Bonus Plan, and represents a
deferral of 50% of the annual bonus outcome in respect of his role
as Chief Digital Officer, Chief Executive Officer Designate and
then Chief Executive Officer during 2019.
As per the PSP Award above, the number of shares under award has
been based on a share price of GBP1.50 (the three day average share
price following the publication of the 2019 results) rather than
using the prevailing share price.
The awards are expected to vest on the announcement of the
financial results for the 2021 financial year.
The following information is given in accordance with Article
19.3 of the Market Abuse Regulation:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ulrik Bengtsson
------------------------------ ---------------------------------------------------
Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Chief Executive Officer (Director and
PDMR)
------------------------------ ---------------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------ ---------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name William Hill PLC
------------------------------ ---------------------------------------------------
b) LEI 213800MDW41W5UZQIX82
------------------------------ ---------------------------------------------------
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 Ordinary shares of 10 pence each
financial instrument,
type of instrument
Identification code ISIN: GB0031698896
SEDOL: 3169889
------------------------------ ---------------------------------------------------
b) Nature of the transaction Grant of Awards under the 2017 Performance
Share Plan and 2017 Executive Deferred
Share Bonus Plan
------------------------------ ---------------------------------------------------
c) Price(s) and volume(s)
Award Price(s) Volume(s)
PSP Award GBPnil 800,000
EDSBP Award GBPnil 189,257
d) Aggregated information
- Aggregated volume 989,257
- Price GBPnil (for both grants)
e) Date of the transaction 9 March 2020
------------------------------ ---------------------------------------------------
f) Place of the transaction London, UK
------------------------------ ---------------------------------------------------
OAM: Additional Regulated Information
William Hill LEI: 213800MDW41W5UZQIX82
About William Hill
===================
William Hill PLC is one of the world's leading betting and
gaming companies, employing c12,500 people. Its origins are in the
UK where it was founded in 1934, and where it is listed on the
London Stock Exchange. The majority of its GBP1.6bn annual revenues
are still derived from the UK, where it has a national presence of
licensed betting offices and one of the leading online betting and
gaming services. William Hill's European Online business is
headquartered in Gibraltar and Malta, and is licensed online in 10
countries following the acquisition of Mr Green & Co AB in
January 2019. In 2012, it established William Hill US with a focus
on retail and mobile operations in Nevada and became the largest
sports betting business in the US. Following the ruling in May 2018
by the Supreme Court that the federal ban on state sponsored sports
betting was unconstitutional, William Hill US has expanded and
continues to expand as new states regulate sports betting. It is
now operating in nine states: Delaware, Indiana, Iowa, Mississippi,
Nevada, New Mexico, New Jersey, Rhode Island and West Virginia in
addition to Washington DC. Eldorado Resorts, Inc. currently owns
shares representing 20% of the share capital of William Hill US
Holdco, Inc., the holding company of William Hill US.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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