William Hill PLC — Director's Dealing 2020

Mar 9, 2020

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RNS Number : 4892F

William Hill PLC

09 March 2020

William Hill PLC (the 'Company')

Director/PDMR shareholding

9 March 2019

William Hill PLC (LSE: WMH) confirms, in accordance with the current Remuneration Policy of the Company approved by shareholders of the Company at the Annual General Meeting of the Company held in 2017, that awards under the Group's Performance Share Plan ('PSP') and Executive Deferred Share Bonus Plan ("EDSBP"), have been granted over the Company's ordinary share capital to Ulrik Bengtsson, Chief Executive Officer on 9 March 2020 as set out below:

PSP Award

Director / PDMR	PSP Award
Ulrik Bengtsson	800,000

The PSP Award is granted as a nil-cost option award.  Reflecting a recent decline in the William Hill PLC share price, PSP award levels have been reduced by using a share price of £1.50 (the three day average share price following the publication of the 2019 results) to determine the number of shares under award rather than using the prevailing share price.

The vesting of the Award is conditional on continued service and the satisfaction of four performance conditions, each measured over a three year performance period as follows: 20% of the Award will be subject to relative shareholder return (TSR); 30% will be subject to Online net revenue (excluding the US); 20% will be subject to Retail performance and a further 30% of the Award will be based on US growth. Any Award shares vesting on satisfactory achievement of the performance conditions will be subject to a two year post vesting holding period.

EDSBP Award

Director / PDMR	EDSBP Award
Ulrik Bengtsson	189,257

The EDSBP Award is granted as a nil-cost option award with the value linked to the bonus outcome for the 2019 financial year under the Company's Executive Deferred Share Bonus Plan, and represents a deferral of 50% of the annual bonus outcome in respect of his role as Chief Digital Officer, Chief Executive Officer Designate and then Chief Executive Officer during 2019.

As per the PSP Award above, the number of shares under award has been based on a share price of £1.50 (the three day average share price following the publication of the 2019 results) rather than using the prevailing share price.

The awards are expected to vest on the announcement of the financial results for the 2021 financial year. 

The following information is given in accordance with Article 19.3 of the Market Abuse Regulation:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ulrik Bengtsson
	Reason for the notification
a)	Position/status	Chief Executive Officer (Director and PDMR)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	William Hill PLC
b)	LEI	213800MDW41W5UZQIX82
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	Ordinary shares of 10 pence each
Identification code	ISIN: GB0031698896
	SEDOL: 3169889
b)	Nature of the transaction	Grant of Awards under the 2017 Performance Share Plan and 2017 Executive Deferred Share Bonus Plan
c)	Price(s) and volume(s)
	Award	Price(s)	Volume(s)
	PSP Award	£nil	800,000
	EDSBP Award	£nil	189,257
d)	Aggregated information
- Aggregated volume	989,257
- Price	£nil (for both grants)
e)	Date of the transaction	9 March 2020
f)	Place of the transaction	London, UK

OAM: Additional Regulated Information

William Hill LEI: 213800MDW41W5UZQIX82

About William Hill

William Hill PLC is one of the world's leading betting and gaming companies, employing c12,500 people. Its origins are in the UK where it was founded in 1934, and where it is listed on the London Stock Exchange. The majority of its £1.6bn annual revenues are still derived from the UK, where it has a national presence of licensed betting offices and one of the leading online betting and gaming services. William Hill's European Online business is headquartered in Gibraltar and Malta, and is licensed online in 10 countries following the acquisition of Mr Green & Co AB in January 2019. In 2012, it established William Hill US with a focus on retail and mobile operations in Nevada and became the largest sports betting business in the US. Following the ruling in May 2018 by the Supreme Court that the federal ban on state sponsored sports betting was unconstitutional, William Hill US has expanded and continues to expand as new states regulate sports betting. It is now operating in nine states: Delaware, Indiana, Iowa, Mississippi, Nevada, New Mexico, New Jersey, Rhode Island and West Virginia in addition to Washington DC. Eldorado Resorts, Inc. currently owns shares representing 20% of the share capital of William Hill US Holdco, Inc., the holding company of William Hill US.

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