TIDMBPTY

RNS Number : 3395Y

bwin.party digital entertainment

07 September 2015

7 September 2015

bwin.party digital entertainment plc

('bwin.party' or the 'Company')

Share plan awards to Directors

bwin.party announces the following share plan awards made to Executive Directors today in accordance with the Company's remuneration policy.

The awards are made under the bwin.party digital entertainment plc 2014 Incentive Plan ('BIP') in respect of Element B performance for the year ended 31 December 2014 and were disclosed in the Company's 2014 Directors' Remuneration Report, approved by shareholders at the bwin.party Annual General Meeting held on 21 May 2015. The granting of these awards has been postponed until now, because the Company has been in a prolonged prohibited period under the Model Code in respect of the corporate transaction discussions.

 
 Name / Title           BIP share award 
 Norbert Teufelberger   A restricted share award over 916,091 
  Chief Executive        bwin.party shares. 
  Officer 
                       ------------------------------------------- 
 Martin Weigold         A nil-cost share option award over 674,152 
  Chief Financial        bwin.party shares. 
  Officer 
                       -------------------------------------------

The share price at the date of grant is GBP1.04 per share.

These awards represent 67.18% of the maximum entitlement that could be awarded to each of these BIP participants and are based on the achievement of a series of strategic and operational targets.

These share awards vest in their entirety on 31 March 2018, but the shares are not eligible for sale until 31 March 2020. Both Directors are also subject to minimum shareholding requirements. The share awards are granted and the shares received at no cost to the BIP participant.

Contacts

Investors

   Peter Reynolds                        +44 (0) 20 7337 0177

Media

   Jay Dossetter                          +44 (0) 20 7337 0134

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSEAKNXELDSEFF

(END) Dow Jones Newswires

September 07, 2015 12:45 ET (16:45 GMT)

Partygaming (LSE:PRTY)
Gráfica de Acción Histórica
De Abr 2024 a May 2024 Haga Click aquí para más Gráficas Partygaming.
Partygaming (LSE:PRTY)
Gráfica de Acción Histórica
De May 2023 a May 2024 Haga Click aquí para más Gráficas Partygaming.