William Hill PLC — Director's Dealing 2020

Aug 18, 2020

National Storage Mechanism | Additional information

RNS Number : 4531W

William Hill PLC

18 August 2020

18 AUGUST 2020

WILLIAM HILL PLC (The 'Company')

DIRECTOR/PDMR SHAREHOLDING (Buy-out awards)

As previously announced on 2 April 2020 the Company agreed, as part of the remuneration terms relating to his appointment, to compensate Matt Ashley for share awards forfeited by him (the 'NE Awards') on leaving National Express Group Plc ('National Express').

The Company has, following the announcement of its Interim Results on 5 August 2020, now awarded Matt Ashley the following share awards (the 'Compensatory Awards' or 'CSA') as compensation for the NE Awards which Matt Ashley forfeited on his leaving National Express.  The terms of these awards, including that CSA made to compensate for forfeited National Express LTIP awards remain subject to the original National Express LTIP performance vesting conditions, were previously disclosed in the RNS of 2 April 2020.  The numbers of shares in the CSA were agreed at the time of Matt's joining William Hill in April 2020 and reflect National Express and William Hill share prices at that time. 

The resulting Compensatory Awards made are as follows:

(i)    47,543 ordinary shares in William Hill PLC ('WH Ordinary Shares') in relation to a deferred bonus award made by National Express to Matt on 9 March 2020 which is due to vest on 9 March 2021;

(ii)   251,576 WH Ordinary Shares in relation to NE Awards originally granted to Matt on 3 April 2018.  This Compensatory Award will be granted under the Company's Performance Share Plan 2014 (the 'Company's PSP') and is due to vest on 3 April 2021 with vesting being determined by the Company in line with the original National Express LTIP performance metrics applicable to 2018 NE LTIP awards.  Any shares vested will be subject to the normal two year holding period for William Hill LTIPs and the Company's executive director shareholding guidelines;

(iii)  113,534 WH Ordinary Shares in relation to NE Awards originally granted to Matt on 15 April 2019.  This Compensatory Award will be granted under the Company's PSP and is due to vest on 15 April 2022 with vesting being determined by the Company in line with the original National Express LTIP performance metrics applicable to 2019 NE LTIP awards.  Any shares vested will be subject to the normal two year holding period for William Hill LTIPs and the Company's executive director shareholding guidelines. 

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	Matt Ashley
	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	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 compensatory share awards under the Company's Executive Deferred Bonus Plan, in line with the remuneration terms agreed on appointment and in line with the Company's previous announcements on this subject.  These awards compensate for forfeited National Express Deferred Bonus awards.
c)	Price(s) and volume(s)
		CSA	Price(s)	Volume(s)
		(i)	£nil	47,543 ordinary shares
d)	Aggregated information
- Aggregated volume	47,543 ordinary shares
- Price	£nil
e)	Date of the transaction	17 August 2020
f)	Place of the transaction	London, UK

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Matt Ashley
	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	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 compensatory share awards under the Company's Performance Share Plan 2014 in line with the remuneration terms agreed on appointment and in line with the Company's previous announcements on this subject.  These awards compensate for forfeited National Express LTIP awards.
c)	Price(s) and volume(s)
		CSA	Price(s)	Volume(s)
		(ii)	£nil	251,576 ordinary shares
		(iii)	£nil	113,534 ordinary shares
d)	Aggregated information
- Aggregated volume	365,110 ordinary shares
- Price	£nil
e)	Date of the transaction	17 August 2020

OAM: Additional Regulated Information

William Hill LEI: 213800MDW41W5UZQIX82

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