GB Group PLC Notification of Directors' Interests (2248U)
March 27 2019 - 11:43AM
UK Regulatory
TIDMGBG
RNS Number : 2248U
GB Group PLC
27 March 2019
27 March 2019
GB GROUP PLC
("GBG" or the "Company")
Notification of Directors' Interests
The Company announces that, on 27 March 2019, executive
directors Chris Clark (CEO), Dave Wilson (CFO & COO) and Nick
Brown (Managing Director), exercised options over ordinary shares
of 2.5 pence each in the Company ("Ordinary Shares") at an exercise
price of 2.5 pence per Ordinary Share. Chris Clark's compensatory
options were awarded upon taking up his appointment as CEO in 2017
and would otherwise have expired on 1 April 2019. Dave Wilson and
Nick Brown's options were awarded in 2015 under GBG's Bonus
Deferral and Share Matching Plan and would otherwise have expired
on 5 June 2019.
The same executive directors subsequently sold a proportion of
the resulting Ordinary Shares at a price of 483 pence per share on
the same day in order to meet the exercise costs and associated tax
liabilities. Details of the transactions and resultant
shareholdings by individual are as follows:
Name Role Options Ordinary Resultant % of issued
exercised Shares shareholding share
sold capital
Chris Clark CEO 200,000 110,500 128,524 0.07%
------------------- ----------- --------- -------------- ------------
Dave Wilson CFO & COO 156,683 86,683 354,337 0.18%
------------------- ----------- --------- -------------- ------------
Nick Brown Managing Director 156,683 86,683 992,196 0.52%
------------------- ----------- --------- -------------- ------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name 1. Chris Clark
2. Dave Wilson
3. Nick Brown
------------------------------ -------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------
a. Position/status 1. CEO
2. CFO & COO
3. Managing Director
------------------------------ -------------------------------------------
b. Initial notification Initial notification
/Amendment
------------------------------ -------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a. Name GB Group plc
------------------------------ -------------------------------------------
b. LEI
213800RBAFZIBCV7XR29
------------------------------ -------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---------------------------------------------------------------------------
a. Description Ordinary shares of 2.5 pence
of the financial
instrument, GB0006870611
type of instrument
Identification
code
------------------------------ -------------------------------------------
b. Nature of the Acquisition of Ordinary Shares following
transaction the exercise of options.
------------------------------ -------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) 1 2.5p 200,000
--------- ----------
2 2.5p 156,683
--------- ----------
3 2.5p 156,683
--------- ----------
------------------------------ -------------------------------------------
d. Aggregated Price(s) Volume(s)
information 1 2.5p 200,000
* Aggregated volume --------- ----------
2 2.5p 156,683
--------- ----------
* Price 3 2.5p 156,683
--------- ----------
------------------------------ -------------------------------------------
e. Date of the 27 March 2019
transaction
------------------------------ -------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------ -------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---------------------------------------------------------------------------
a. Description Ordinary shares of 2.5 pence
of the financial
instrument, GB0006870611
type of instrument
Identification
code
------------------------------ -------------------------------------------
b. Nature of the Sale of Ordinary Shares following exercise
transaction of options.
------------------------------ -------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) 1 483p 110,500
--------- ----------
2 483p 86,683
--------- ----------
3 483p 86,683
--------- ----------
------------------------------ -------------------------------------------
d. Aggregated Price(s) Volume(s)
information 1 483p 110,500
* Aggregated volume --------- ----------
2 483p 86,683
--------- ----------
* Price 3 483p 86,683
--------- ----------
------------------------------ -------------------------------------------
e. Date of the 27 March 2019
transaction
------------------------------ -------------------------------------------
f. Place of the London Stock Exchange (XLON); AIM
transaction
------------------------------ -------------------------------------------
- Ends-
For further information, please contact:
GB Group plc
John Constantin, Company Secretary 01244 657333
Peel Hunt LLP (Nominated Adviser and Broker)
Edward Knight
Peter Stewart
Nick Prowting 020 7418 8900
Website www.gbgplc.com
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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