Entain plc
(“Entain” or “Group” or “Company”)
Notification of Transactions by Persons Discharging Managerial Responsibility (“PDMR”)
Or Persons Closely Associated
Share purchases by PDMRs, Vesting of Awards and Granting of Awards under the Entain plc 2017 Long Term Incentive Plan (“LTIP”), and Vesting of an Award under the Annual and Deferred Bonus Plan (“ADBP”)
Entain plc (LSE: ENT), the global sports betting gaming and interactive entertainment group, announces the purchases of Entain ordinary shares of €0.01 each in the capital of the Company (“Shares”) as set out below:
Name & Role | Shares held prior to dealing | Nature of transaction | Number Shares purchased | Date of purchase of Shares | Purchase price (pence per share) | Total Shares held after dealing |
Jette Nygaard- Andersen | 9,900 | Share purchase | 20,481 | 15/06/2023 | 1,210.22 | 30,381 |
J M Barry Gibson | 28,185 | Share purchase | 1,651 | 14/06/2023 | 1,210.72 | 29,836 |
Brenda Gibson | 40,252 | Share purchase | 1,650 | 14/06/2023 | 1,211.93 | 41,902 |
Stella David | 8,873 | Share purchase | 8,288 | 15/06/2023 | 1207.00 | 17,161 |
Entain also announces the acquisition of Shares under the Rules of the LTIP on 14 June 2023 as set out below:
Name & Role | Shares held prior to transaction | Nature of Transaction | Number of Shares vested under award | Number of Shares sold to cover taxes | Price Shares sold in the market | Total Shares held after vesting |
Robert Wood | 144,675 | Vesting of Conditional Share Award | 111,797 | 52,808 | £12.096 | 203,664 |
Robert Hoskin | 256,160 | Exercise of vested option | 97,379 | Nil | Nil | 353,539 |
Entain also announces the acquisition of Shares under the Rules of the ADBP on 14 June 2023 as set out below:
Name & Role | Shares held prior to transaction | Nature of transaction | Number of Shares | Number of Shares sold to cover taxes | Price Shares sold in the market | Total Shares held after vesting |
Robert Wood | 203,664 | Vesting of deferred bonus award | 39,560 | 18,687 | £12.096 | 224,537 |
The Entain Directors hold in aggregate 758,356 Shares (including those of their closely associated persons) equivalent to 0.119% of the Company’s issued share capital.
Entain also announces that the following awards over Shares were granted to Executive Directors of the Company on 16 June 2023 as set out below:
Name & Role | Plan | Number of Shares subject to the Award |
Jette Nygaard-Andersen | LTIP – 2023 grant | 316,198 |
Robert Wood | LTIP – 2023 grant | 184,459 |
The LTIP awards will normally vest on 21 March 2026 subject to 1) continuous employment; and 2) the satisfaction of the relative Total Shareholder Return performance conditions set by the Company's Remuneration Committee. These stretching performance conditions are detailed in the 2022 Directors' Remuneration Report in the Entain Annual Report which is available on the Entain corporate website at www.entaingroup.com.
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 make appropriate adjustments to reflect this.
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.
Contact Company Secretary - Entain plc Investor Relations - Entain plc Media - Entain plc Powerscourt | ⠀ Tel: +44 (0) 20 7250 1446 |
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 and SuperSport; 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 40 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
LEI: 213800GNI3K45LQR8L28
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 | Share purchase | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
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e) | Date of the transaction | 15 June 2023 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | J M Barry Gibson | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chairman of the Board | ||||
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 | Share purchase | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
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e) | Date of the transaction | 14 June 2023 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Brenda Gibson | ||||
2 | Reason for the notification | |||||
a) | Position/status | Spouse of Chairman of the Board | ||||
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 | Share purchase | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
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e) | Date of the transaction | 14 June 2023 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Stella David | ||||
2 | Reason for the notification | |||||
a) | Position/status | Senior Independent Non-Executive Director | ||||
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 | Share purchase | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
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e) | Date of the transaction | 15 June 2023 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
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 | Vesting of conditional shares under the Entain plc 2017 Long Term Investment Plan | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
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e) | Date of the transaction | 14 June 2023 | ||||
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 vested option under the Entain plc 2017 Long Term Investment Plan | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
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e) | Date of the transaction | 14 June 2023 | ||||
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 | Vesting of award under the Entain plc Annual and Deferred Bonus Plan | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
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e) | Date of the transaction | 14 June 2023 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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 Investment Plan | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
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e) | Date of the transaction | 16 June 2023 | ||||
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 Investment Plan | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
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e) | Date of the transaction | 16 June 2023 | ||||
f) | Place of the transaction | Outside a trading venue | ||||