PRTY Partygaming

 

TIDMPRTY 
 
RNS Number : 1556I 
PartyGaming Plc 
05 March 2010 
 

                                                                    5 March 2010 
 
                                PartyGaming Plc 
                         ("PartyGaming", the "Company") 
 
    Notification of Transactions of Directors, Persons Discharging Managerial 
                      Responsibility or Connected Persons 
 
In accordance with PartyGaming's long-term incentive plans for Executive 
Directors, the following awards over the Company's ordinary shares of 0.015 
pence each ("Shares") have today been granted under the PartyGaming Plc 
Executive Share Option Plan ("ESOP") to the Company's Chief Executive Officer 
and Group Finance Director. 
 
Jim Ryan, Chief Executive Officer, has been awarded an option over 250,000 
Shares and Martin Weigold, Group Finance Director, has been awarded an option 
over 200,000 Shares. These options vest subject to the growth in the Company's 
Clean Earnings per Share over the three-year period 1 January 2010 to 31 
December 2012.  The threshold for vesting, at which 25% will vest, will be 5% 
Clean EPS annual growth over the three-year period, rising on a straight-line 
basis to 100% vesting if annual Clean EPS growth equals or exceeds 15% over the 
period. 
 
Each option is exercisable at 310.10 pence per Share and has been awarded at 
nil-cost.  Unless exercised following the satisfaction of the aforementioned 
performance condition, these options will lapse on 5 March 2020. 
 
This is the third award to be granted under the ESOP to Mr Ryan.  The first 
grant was made in October 2008 over 645,100 Shares and the second award was made 
in April 2009 over 125,000 Shares.  This is the fourth award granted under the 
ESOP to Mr Weigold.  The first award was made in May 2007 over 88,360 Shares, 
the second award was made in March 2008 over 171,402 Shares and the third award 
was made in April 2009 over 337,500 Shares. 
 
 
Contacts: 
 
PartyGaming Plc                                                           +350 
200 78700 
Robert Hoskin, Company Secretary 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 RDSUVOARRSAORAR 
 

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