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:
| Company Secretary
Investor Relations - Entain plc
|
|
| Media - Entain plc | media@entaingroup.com
|
|
Powerscourt
Rob Greening/Russ Lynch/Sam Austrums |
Tel: +44 (0) 20 7250 1446
entain@powerscourt-group.com |
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) |
| ||||
| d) | Aggregated information
|
526,626 ordinary shares of ?0.01 each
| ||||
| 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) |
| ||||
| d) | Aggregated information
|
307,202 ordinary shares of ?0.01 each
| ||||
| 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) |
| ||||
| d) | Aggregated information
|
12,239 ordinary shares of ?0.01 each
| ||||
| e) | Date of the transaction | 11/03/2024 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.