13 April 2022
888 Holdings Plc
("888" or "the Company")
Director/PDMR Notification
Awards granted under the 888 Long Term Incentive Plan 2015 ("LTIP") and the 888 Deferred Share Bonus Plan ("DSBP")
The Company announces the following awards over ordinary shares of GBP 0.005 each were granted to Executive Directors of the Company as set out below:
Name |
Number of shares subject to the award |
Plan |
Itai Pazner (CEO) |
728,529 |
LTIP 2022 |
Itai Pazner (CEO) |
196,141 |
DSBP 2021 |
Yariv Dafna (CFO) |
277,484 |
LTIP 2022 |
Yariv Dafna (CFO) |
54,123 |
DSBP 2021 |
LTIP
The 2022 LTIP awards are subject to the achievement of performance conditions measured over a three-year period and a subsequent two year holding period post-vesting. These awards are subject to stretching TSR and EPS growth performance conditions which can be found in the 2021 Directors' Remuneration Report in the 888 Holdings plc Annual Report which is available at www.corporate.888.com
DSBP
In the Company's remuneration policy, annual bonus in excess of 100% of salary is deferred into shares in one-third tranches for one, two and three years subject to continued employment. The above deferred bonus awards have therefore been granted in respect of the 2021 financial year.
This announcement is made pursuant to the Company's obligations under Article 19 of the UK Market Abuse Regulation.
1. Details of the person discharging managerial responsibilities/person closely associated | |||
(a) |
Name |
Itai Pazner |
|
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 |
888 Holdings Plc |
|
(b) |
LEI |
213800H84UJQYSVF9750 |
|
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 £0.005 each in the capital of 888 Holdings plc (Ordinary Shares) ISIN: GI000A0F6407 |
|
(b) |
Nature of the transaction |
Grant of a Conditional Share Award under the 888 Long Term Incentive Plan 2015 |
|
(c) |
Price(s) and volume(s) |
Price(s) Nil |
Volume(s) 728,529 |
(d) |
Aggregated information - Aggregated volume - Price |
728,529 Ordinary shares of £0.005 each Nil consideration |
|
(e) |
Date and time of the transaction |
10 March 2022 |
|
(f) |
Place of the transaction |
Outside a trading venue |
|
1. Details of the person discharging managerial responsibilities/person closely associated | |||
(a) |
Name |
Itai Pazner |
|
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 |
888 Holdings Plc |
|
(b) |
LEI |
213800H84UJQYSVF9750 |
|
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 £0.005 each in the capital of 888 Holdings plc (Ordinary Shares) ISIN: GI000A0F6407 |
|
(b) |
Nature of the transaction |
Grant of a Conditional Share Award under the 888 Deferred Share Bonus Plan |
|
(c) |
Price(s) and volume(s) |
Price(s) Nil |
Volume(s) 196,141 |
(d) |
Aggregated information - Aggregated volume - Price |
196,141 Ordinary shares of £0.005 each Nil consideration |
|
(e) |
Date and time of the transaction |
10 March 2022 |
|
(f) |
Place of the transaction |
Outside a trading venue |
|
1. Details of the person discharging managerial responsibilities/person closely associated | |||
(a) |
Name |
Yariv Dafna |
|
2. Reason for the notification | |||
(a) |
Position/status |
Chief Financial Officer |
|
(b) |
Initial notification/Amendment |
Initial notification |
|
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
(a) |
Name |
888 Holdings Plc |
|
(b) |
LEI |
213800H84UJQYSVF9750 |
|
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 £0.005 each in the capital of 888 Holdings plc (Ordinary Shares) ISIN: GI000A0F6407 |
|
(b) |
Nature of the transaction |
Grant of a Conditional Share Award under the 888 Long Term Incentive Plan 2015 |
|
(c) |
Price(s) and volume(s) |
Price(s) Nil |
Volume(s) 277,484 |
(d) |
Aggregated information - Aggregated volume - Price |
277,484 Ordinary shares of £0.005 each Nil consideration |
|
(e) |
Date and time of the transaction |
10 March 2022 |
|
(f) |
Place of the transaction |
Outside a trading venue |
|
1. Details of the person discharging managerial responsibilities/person closely associated | |||
(a) |
Name |
Yariv Dafna |
|
2. Reason for the notification | |||
(a) |
Position/status |
Chief Financial Officer |
|
(b) |
Initial notification/Amendment |
Initial notification |
|
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
(a) |
Name |
888 Holdings Plc |
|
(b) |
LEI |
213800H84UJQYSVF9750 |
|
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 £0.005 each in the capital of 888 Holdings plc (Ordinary Shares) ISIN: GI000A0F6407 |
|
(b) |
Nature of the transaction |
Grant of a Conditional Share Award under the 888 Deferred Share Bonus Plan |
|
(c) |
Price(s) and volume(s) |
Price(s) Nil |
Volume(s) 54,123 |
(d) |
Aggregated information - Aggregated volume - Price |
54,123 Ordinary shares of £0.005 each Nil consideration |
|
(e) |
Date and time of the transaction |
10 March 2022 |
|
(f) |
Place of the transaction |
Outside a trading venue |
|
- Ends -
Enquiries and further information:
|
888 Holdings Plc Yariv Dafna, Chief Financial Officer Elizabeth Bisby, Company Secretary |
+350 200 49 800 |
|
Media Hudson Sandler Alex Brennan Andy Richards |
+44(0) 207 796 4133 |
About 888 Holdings Plc:
888 Holdings plc (and together with its subsidiaries, "888" or the "Group") is one of the world's leading online betting and gaming companies. 888's mission is to lead the gambling world in creating the best betting and gaming experiences, bringing unrivalled moments of excitement to people's day-to-day lives by developing state-of-the-art technology and products that provide fun, fair and safe online betting and gaming entertainment to customers around the world.
888 has been at the forefront of the online gaming industry since its foundation in 1997, leveraging its proprietary technology to create an innovative and world-class online betting and gaming experience. The Group is structured into two lines of business: B2C, under the 888 brands, and B2B, conducted through Dragonfish, which provides partners a leading platform through which to establish an online gaming presence and monetise their own brands in a safe and responsible manner.
In 2021, 888 launched an exclusive partnership with Authentic Brands Group, owner of the iconic Sports Illustrated brand, to launch its latest B2C brand, SI Sportsbook. Currently available to players in Colorado with plans to launch in more states over the coming year, SI Sportsbook offers a unique, content rich sportsbook tailor-made for sports fans in the US.
In recent years, 888's continued focus on innovation has been recognised through industry awards. In 2021, the Group was named Casino Operator of the Year and its in-house sportsbook was recognised as the In-House Product of the Year at eGaming Review's (EGR) prestigious Operator of the Year Awards. In the same year, the Group also won the Poker Marketing Campaign at EGR's Marketing & Innovation Awards for its Made to Play campaign.
888's consumer facing websites offer more than just online betting and gaming. They are entertainment destinations: places where people can enjoy a truly interactive experience and be part of an online community that shares common interests. 888's strong and trusted brands are all accessible through www.888.com.
Find out more about 888 at http://corporate.888.com/.
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