Director/PDMR Shareholding

Reduction of awards of conditional shares under the Company’s 2020 Long Term Incentive Plan (“LTIP”) to persons discharging managerial responsibilities ('PDMRs').

The Company is providing an update on the level of awards granted under the Company’s 2020 LTIP on 3 April 2020 as announced on 8 April 2020. Having reviewed these grants in the context of current market conditions and in line with a recommendation received from management, the Remuneration Committee has determined to exercise its discretion under the rules of the 2020 LTIP and reduce the number of shares under the 2020 LTIP awards by 25% in order to eliminate the potential for windfall gains. 

By making the adjustment upfront participants are provided with clear targets and incentives in order to look beyond the current Covid-19 pandemic and to achieve the demanding LTIP targets.

Resulting changes to the level of conditional awards of ordinary shares under the Company's 2020 LTIP made on 3 April 2020 to two executive directors and eight other PDMRs are set out in the table below:

Name of PDMR/Executive director

Role

Original level of grant under 2020 LTIP on 3 April 2020

Revised level of grant under 2020 LTIP after 25% reduction

Ashley Almanza

Chief Executive Officer

2,569,167

1,926,875

Tim Weller

Chief Financial Officer

1,407,942

1,055,956

Mel Brooks

Regional President – Africa

517,084

387,813

John Kenning

Regional CEO – Americas

1,083,837

812,878

Graham Levinsohn

Regional CEO – Europe & Middle East

799,738

599,803

Søren Lundsberg-Nielsen

Group General Counsel

580,227

435,170

Jesus Rosano

Divisional CEO –Global Cash Solutions

722,698

542,023

Stephane Verdoy

Group Sales & Marketing Director

439,027

329,270

Sanjay Verma

Regional President – Asia

612,425

459,318

Debbie Walker

Group Corporate Affairs Director

435,795

326,846

Allocations vest after three years and are subject to performance and employment criteria.

Name of authorised official of issuer responsible for making notification:

Celine Barroche, Company Secretary

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