10 September 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")
Entain plc (LSE: ENT), the global
sports betting and gaming group, announces that, pursuant to Gavin
Isaacs' appointment as Chief Executive Officer and Executive
Director of the Company with effect from 2 September 2024, the
following award over Entain ordinary shares of €0.01 each
("Shares") has been granted to him under the Rules of the LTIP on
10 September 2024 as set out below:
|
Name
|
Role
|
Number of Shares subject to the Award
|
|
Gavin Isaacs
|
CEO & Executive
Director
|
584,893
|
The LTIP awards will normally vest
on 10 September 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 is
available on the Entain corporate website at www.entaingroup.com.
The post tax number of shares vesting from these awards are subject
to a two-year, post vest, holding period.
The terms of the award provide the
Remuneration Committee with the ability to review the outcome at
vesting and, if it concludes that a participant would benefit from
'windfall gains', it will consider making
appropriate adjustments to reflect this.
The information set out below is
provided in accordance with the requirements of Article 19(3) of
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
English law by virtue of the European Union (Withdrawal) Act
2018.
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. For more
information see the Group's website:
www.entaingroup.com
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Gavin Isaacs
|
|
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 Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
584,893
|
|
|
d)
|
Aggregated information
|
-
|
Aggregated volume
|
|
-
|
Price
|
|
584,893 ordinary shares of €0.01
each
Nil consideration
|
|
e)
|
Date of the transaction
|
10 September 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|