Entain Awards Shares to Interim CEO David and Deputy CEO Wood

Entain, a leading player in the gaming industry, has recently made headlines by awarding a significant number of shares to its interim chief executive officer, Stella David, and chief financial officer, Robert Wood. This move comes as part of the company's efforts to incentivize its key executives and ensure their commitment to its long-term success.

Stella David, who assumed the role of interim CEO in December following the departure of former CEO Jette Nygaard-Andersen, has been granted a total of 526,626 shares under Entain's 2017 Long Term Incentive Plan (LTIP). These shares, valued at €0.01 each, represent a substantial acknowledgment of David's leadership during this transitional period.

Robert Wood, serving as the chief financial officer and deputy CEO, has also been rewarded for his contributions to Entain. Wood has received 307,202 shares under the LTIP rules, with expectations for these shares to vest by March 11, 2027. Additionally, Wood has been granted 12,239 shares as part of his 2023 bonus under the Annual and Deferred Bonus Plan (ADBP).

The LTIP awards are subject to certain conditions, including continuous employment and the satisfaction of specific financial targets outlined in Entain's upcoming 2023 Annual Report. Notably, there will be a two-year post-vest holding period imposed on the shares awarded under the LTIP. These measures aim to align the interests of executives with the long-term performance and stability of the company.

The year 2024 holds significant importance for Entain, as it navigates through various challenges and opportunities in the gaming industry. With recent settlements and strategic shifts, the company is poised for a transformative period ahead.