GMD.L

Game Digital Plc
GAME Digital PLC - Director/PDMR Shareholding
16th July 2019, 06:01
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RNS Number : 6066F
GAME Digital PLC
16 July 2019
 

GAME DIGITAL PLC

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulation.

Game Digital plc (the "Company") announces the exercise of nil cost option awards (the "Awards") granted under the rules of Game Digital plc Performance Share plan (the "PSP") on 15 July 2019.

On 5 June 2019, Sports Direct International plc ("Sports Direct") announced, pursuant to Rule 2.7 of the City Code on Takeovers and Mergers (the "Takeover Code"), that it had unconditionally agreed to acquire 14,869,666 ordinary shares of 1 pence each in the capital of the Company and as a result was required under Rule 9 of the Takeover Code to make a mandatory cash offer to acquire the entire issued ordinary share capital of the Company other than shares already held by Sports Direct (or any persons acting in concert with it) (the "Offer").

In accordance with the rules of the PSP, the Remuneration Committee and the Board met and determined the extent to which any outstanding Awards would vest in the event of a change of control as a result of the Offer. 

Certain of the outstanding Awards subsequently vested and became exercisable on 9 July 2019, following an announcement by Sports Direct earlier the same day declaring the Offer for the Company unconditional in all respects.

Below details the exercise of the Awards to acquire ordinary shares of 1 pence each in the capital of the Company, made under the PSP, on the London Stock Exchange on 15 July 2019 and notified to GAME Digital plc on 15 July 2019.

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.

Ruth Cartwright, Company Secretary

Tel: 01256 784229

16 July 2019

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Martyn Gibbs

2

Reason for Notification

a)

Position/status

Director

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

GAME Digital plc

b)

LEI

213800EIPHJQXIO4JK48

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 £0.01 each in GAME Digital plc

 

ISIN: GB00BMP36W19

b)

Nature of the transaction

Exercise of nil cost option awards under the Game Digital plc Performance Share Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

1,125,000

Nil

401,929

d)

Aggregated information

-     Aggregated volume

-     Price

 

Aggregated volume: 1,526,929

Aggregated price: Nil

 

e)

Date of the transaction

15 July 2019

f)

Place of the transaction

London Stock Exchange (XLON)

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ray Kavanagh

2

Reason for Notification

a)

Position/status

Director

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

GAME Digital plc

b)

LEI

213800EIPHJQXIO4JK48

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 £0.01 each in GAME Digital plc

 

ISIN: GB00BMP36W19

b)

Nature of the transaction

Exercise of nil cost option awards under the Game Digital plc Performance Share Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

176,849

d)

Aggregated information

-     Aggregated volume

-     Price

 

Aggregated volume: 176,849

Aggregated price: Nil

 

e)

Date of the transaction

15 July 2019

f)

Place of the transaction

London Stock Exchange (XLON)

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Pablo Crespo

2

Reason for Notification

a)

Position/status

PDMR (Director General Spain)

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

GAME Digital plc

b)

LEI

213800EIPHJQXIO4JK48

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 £0.01 each in GAME Digital plc

 

ISIN: GB00BMP36W19

b)

Nature of the transaction

Exercise of nil cost option awards under the Game Digital plc Performance Share Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

192,834

Nil

354,190

Nil

111,094

d)

Aggregated information

-     Aggregated volume

-     Price

 

Aggregated volume: 658,118

Aggregated price: Nil

 

e)

Date of the transaction

15 July 2019

f)

Place of the transaction

London Stock Exchange (XLON)

 

 


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