Gaming VC executive incentives
News on 25 May 2010
News on 25 May 2010
Newly listed on the London AIM exchange, the online gambling group Gaming VC Holdings as declared incentive benefits to four of its key executives under a new Long Term Incentive Plan.
The plan involves the use of some 2 500 000 of the company’s shares, at an exercise price of 213p per share, as performance incentives to the following company execs:
800,000 GVC Holdings Shares to Kenneth Alexander (CEO);
400,000 GVC Holdings Shares to Richard Cooper (Finance Director);
400,000 GVC Holdings Shares to Lee Feldman (Chairman); and
75,000 GVC Holdings Shares to Nigel Blythe-Tinker (non-executive Director).
The company’s Remuneration Committee’s intention is that no further awards under the LTIP will be granted to any holder of an Initial Award within the period of two years following the date of grant of the Initial Awards.
