11 March 2024
Entain
plc
("Entain"
or "Group" 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")
and under the Annual and Deferred Bonus Plan ("ADBP")
Entain plc (LSE: ENT), the global
sports betting and gaming group, announces that the following
awards over Entain ordinary shares of €0.01 each ("Shares") were
granted to Executive Directors of the Company under the Rules of
the LTIP on 11 March 2024 as set out below:
Name
|
Role
|
Number of Shares subject to the Award
|
Stella David
|
Interim CEO
|
526,626
|
Robert Wood
|
CFO & Deputy CEO
|
307,202
|
The LTIP awards will normally vest
on 11 March 2027, subject to 1) continuous employment; and 2) the
satisfaction of the relative Total Shareholder Return performance
conditions set by the Company's Remuneration Committee on 20
February 2024. More detail about these stretching performance
conditions can be found in the 2023 Directors' Remuneration Report
in the 2023 Entain Annual Report which will be available on the
Entain corporate website at www.entaingroup.com
from 22 March 2024 onwards. The post tax
number of shares vesting from these awards are subject to a
two-year, post vest, holding period.
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.
Entain also announces that the
following award over Shares was granted to an Executive Director of
the Company under the Rules of the ADBP on 11 March 2024 as set out below:
Name
|
Role
|
Number of Shares subject to the Award
|
Robert Wood
|
CFO & Deputy CEO
|
12,239
|
In the Company's remuneration
policy, 50% of the Executive Directors' annual bonus is deferred in
shares. The above deferred bonus award has therefore been
granted in respect of the CFO & Deputy CEO's annual bonus for
the 2023 financial year. This award will normally vest on 11
March 2027, being the third anniversary of the award date, subject
to continued employment.
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:
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 BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds,
Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming
brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino,
Optibet, Partypoker and PartyCasino. The Group owns proprietary
technology across all 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 a 50/50 joint venture,
BetMGM, a leader in sports betting and iGaming in the US. Entain
provides the technology and capabilities which power BetMGM as well
as exclusive games and products, specially developed at its
in-house gaming studios. The Group is tax resident in the UK and is
the only global operator to exclusively operate in domestically
regulated or regulating markets operating in over 30
territories.
Entain is a leader in ESG, a member
of FTSE4Good, the DJSI and is AA rated by MSCI. The Group has set a
science-based target, committing to be carbon net zero by 2035 and
through the Entain Foundation supports a variety of initiatives,
focusing on safer gambling, grassroots sport, diversity in
technology and community projects. For more information see the
Group's website:
www.entaingroup.com
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
a)
|
Name
|
Stella David
|
2
|
Reason for the notification
|
a)
|
Position/status
|
Interim 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)
|
Price(s)
|
Volume(s)
|
Nil
|
526,626
|
|
d)
|
Aggregated information
-
|
Aggregated volume
|
-
|
Price
|
|
526,626 ordinary shares of €0.01
each
Nil consideration
|
e)
|
Date of the transaction
|
11/03/2024
|
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)
|
Price(s)
|
Volume(s)
|
Nil
|
307,202
|
|
d)
|
Aggregated information
-
|
Aggregated volume
|
-
|
Price
|
|
307,202 ordinary shares of €0.01
each
Nil consideration
|
e)
|
Date of the transaction
|
11/03/2024
|
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 Annual and Deferred Bonus Plan
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
Nil
|
12,239
|
|
d)
|
Aggregated information
-
|
Aggregated volume
|
-
|
Price
|
|
12,239 ordinary shares of €0.01
each
Nil consideration
|
e)
|
Date of the transaction
|
11/03/2024
|
f)
|
Place of the transaction
|
Outside a trading venue
|