PRTY Partygaming

 

TIDMPRTY 
 
RNS Number : 9596J 
PartyGaming Plc 
09 April 2010 
 

 
                                                                    9 April 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 
Performance Share Plan ("PSP") to the Company's Chief Executive Officer and 
Group Finance Director. 
 
Jim Ryan, Chief Executive Officer, has been granted an award over 250,000 Shares 
and Martin Weigold, Group Finance Director, has been granted an option over 
200,000 Shares. 
 
These awards vest subject to the achievement of a total shareholder return 
("TSR") performance target over the three-year period 1 January 2010 to 31 
December 2012  compared to the TSR performance of a sector comparator group and 
the FTSE 250 Index (ex Investment Trusts).  The vesting of half an award's 
Shares is dependent on the Company's TSR performance relative to the 
market-capitalisation-weighted mean TSR performance of a sector comparator 
group, whilst the vesting of the other half of an award's Shares is dependent on 
the Company's TSR performance relative to the FTSE 250 Index (ex Investment 
Trusts).  The threshold for vesting, at which 25% of each element will vest, 
will be the Company's TSR equalling the relevant TSR benchmark, rising on a 
straight-line basis to 100% vesting if the Company's TSR exceeds the relevant 
TSR benchmark by 10% per annum calculated over the performance period. 
 
Each PSP award has been granted and is exercisable at nil-cost.  These awards 
vest automatically if and when the Company's Remuneration Committee determines 
the aforementioned performance condition has been satisfied. 
 
Mr Ryan continues to hold PSP awards granted in October 2008 and April 2009 over 
645,100 Shares and 125,000 Shares respectively. Mr Weigold continues to hold PSP 
awards granted in March 2008 and April 2009 over 171,402 Shares and 337,500 
Shares respectively. 
 
 
Contact: 
 
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 
 
 TVRLLFFISFIAIII 
 

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