CatalystWireBeta

Notification and public disclosure of transactions

In brief · summary, not quotable

Playtech grants conditional share-based awards to senior management under transformation plan.

Full announcement

Select text to share a quote on X · sign in to keep highlights & notes in your PTEC notes

Further to the approval of the Playtech plc Transformation Plan ("PTP") at the General Meeting held on 19 December 2024, and the subsequent completion of the sale of Snaitech S.p.A. ("Completion") on 30 April 2025, the Company has today granted conditional awards under the PTP.

Under the terms of the conditional awards, participants are allocated units ("Incentive Units") from an overall pool of 10,000 Incentive Units ("PTP Pool"). In total, the PTP Pool carries the potential right to receive value based on (i) 10% of the value of dividends and other distributions made; and (ii) up to 10% of the equity value or market capitalisation of the Company on a future measurement date. Incentive Units may convert to nil cost options over ordinary shares in Playtech after a five-year measurement period from the date of Completion, subject to the achievement of stretching performance conditions relating to the Company's Adjusted EBITDA and cash generation, as well as the award holder continuing to be engaged by the Company. The PTP closely aligns the Playtech senior team with the interests of shareholders and the Company's strategy to drive earnings growth, improve cash generation and deliver further returns to shareholders.

The conditional awards granted under the PTP include the following awards granted to Directors/PDMRs of the Company:

PDMRNumber of Incentive Units
Mor Weizer3,000 Incentive Units (representing 30% of the total PTP Pool)
Chris McGinnis1,000 Incentive Units (representing 10% of the total PTP Pool)
Shimon Akad950 Incentive Units (representing 9.5% of the total PTP Pool)
Uri Levy950 Incentive Units (representing 9.5% of the total PTP Pool)

Further details of the awards are set out below.

1Details of the person discharging managerial responsibilities/person closely associated
a)NameMor Weizer
2Reason for Notification
a)Position/statusChief Executive Officer
b)Initial notification/AmendmentInitial Announcement
a)NamePlaytech plc
b)LEI21380068TTB6Z9ZEU548
a)Description of the financial instrument, type of instrument Identification codeOrdinary Shares of Playtech plc of no par value IM00B7S9G985
b)Nature of the transactionGrant of Incentive Units which may convert to nil cost options over ordinary shares in Playtech after a five-year measurement period from 30 April 2025, subject to the achievement of performance conditions relating to the Company's Adjusted EBITDA and cash generation, as well as the award holder continuing to be engaged by the Company.
c)Price(s) and volume(s)Price(s) Volume(s) Nil 3,000 Incentive Units (representing 30% of the total PTP Pool)
d)Aggregated information - Aggregated volume - PriceNot applicable - single transaction
e)Date of the transaction4 August 2025
f)Place of the transactionOutside a trading venue
1Details of the person discharging managerial responsibilities / person closely associated
a)NameChris McGinnis
2Reason for Notification
a)Position/statusChief Financial Officer
b)Initial notification/AmendmentInitial Announcement
a)NamePlaytech plc
b)LEI21380068TTB6Z9ZEU548
a)Description of the financial instrument, type of instrument Identification codeOrdinary Shares of Playtech plc of no par value IM00B7S9G985
b)Nature of the transactionGrant of Incentive Units which may convert to nil cost options over ordinary shares in Playtech after a five-year measurement period from 30 April 2025, subject to the achievement of performance conditions relating to the Company's Adjusted EBITDA and cash generation, as well as the award holder continuing to be engaged by the Company.
c)Price(s) and volume(s)Price(s) Volume(s) Nil 1,000 Incentive Units (representing 10% of the total PTP Pool)
d)Aggregated information - Aggregated volume - PriceNot applicable - single transaction
e)Date of the transaction4 August 2025
f)Place of the transactionOutside a trading venue
1Details of the person discharging managerial responsibilities / person closely associated
a)NameShimon Akad
2Reason for Notification
a)Position/statusChief Operating Officer
b)Initial notification/AmendmentInitial Announcement
a)NamePlaytech plc
b)LEI21380068TTB6Z9ZEU548
a)Description of the financial instrument, type of instrument Identification codeOrdinary Shares of Playtech plc of no par value IM00B7S9G985
b)Nature of the transactionGrant of Incentive Units which may convert to nil cost options over ordinary shares in Playtech after a five-year measurement period from 30 April 2025, subject to the achievement of performance conditions relating to the Company's Adjusted EBITDA and cash generation, as well as the award holder continuing to be engaged by the Company.
c)Price(s) and volume(s)Price(s) Volume(s) Nil 950 Incentive Units (representing 9.5% of the total PTP Pool)
d)Aggregated information - Aggregated volume - PriceNot applicable - single transaction
e)Date of the transaction4 August 2025
f)Place of the transactionOutside a trading venue
1Details of the person discharging managerial responsibilities / person closely associated
a)NameUri Levy
2Reason for Notification
a)Position/statusVice President Business Development
b)Initial notification/AmendmentInitial Announcement
a)NamePlaytech plc
b)LEI21380068TTB6Z9ZEU548
a)Description of the financial instrument, type of instrument Identification codeOrdinary Shares of Playtech plc of no par value IM00B7S9G985
b)Nature of the transactionGrant of Incentive Units which may convert to nil cost options over ordinary shares in Playtech after a five-year measurement period from 30 April 2025, subject to the achievement of performance conditions relating to the Company's Adjusted EBITDA and cash generation, as well as the award holder continuing to be engaged by the Company.
c)Price(s) and volume(s)Price(s) Volume(s) Nil 950 Incentive Units (representing 9.5% of the total PTP Pool)
d)Aggregated information - Aggregated volume - PriceNot applicable - single transaction
e)Date of the transaction4 August 2025
f)Place of the transactionOutside a trading venue

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

Share this quote

Quote card
Post on X WhatsApp Download image

The link opens this announcement with the quote highlighted. Quotes are checked against the original text.

Add a note