GB Group PLC Director/PDMR Shareholding (2302S)
July 12 2022 - 11:47AM
UK Regulatory
TIDMGBG
RNS Number : 2302S
GB Group PLC
12 July 2022
12 July 2022
GB GROUP PLC
("GBG" or the "Company")
Notification and public disclosure of transactions by persons
discharging managerial responsibilities ("PDMR")
The Company announces that on 11 July 2022, Chris Clark, David
Ward and Nick Brown (CEO, CFO and Group Managing Director,
respectively) exercised options over a total of 286,000 ordinary
shares of 2.5 pence each in the Company ("Ordinary Shares").
To cover the exercise costs and associated taxes they sold a
total of 193,750 Ordinary Shares on the same day, retaining the
balance of shares arising from the exercises in their respective
holdings.
The details of the transactions are as follows:
-- Chris Clark (CEO) exercised options over:
(i) 101,333 ordinary shares of 2.5 pence each in the Company
("Ordinary Shares") at an exercise price of 293 pence per Ordinary
Share. The exercise was in respect of the third tranche of Mr
Clark's incentive options which were awarded upon taking up his
appointment as CEO in 2017 and which vested in June 2022; and
(ii) 84,413 o rdinary Shares awarded in September 2019 under
GBG's Share Match Scheme at an exercise price of 2.5 pence per
Ordinary Share.
To cover the exercise costs and associated taxes he sold a total
of 135,996 of the vested Ordinary Shares under the option at a
price of 432.5 pence per share on 11 July 2022.
-- David Ward (CFO) exercised an option over 50,000 Ordinary
Shares at an exercise price of 2.5 pence per Ordinary Share. This
exercise was in respect of the first tranche of options awarded
upon taking up his appointment as CFO in May 2021 and which vested
in June 2022. To cover the exercise costs and associated taxes he
sold 29,000 of the vested Ordinary Shares under the option at a
price of 432.5 pence per share on 11 July 2022.
-- Nick Brown (Group Managing Director) exercised an option over
50,254 Ordinary Shares awarded in September 2019 under GBG's Share
Match Scheme at an exercise price of 2.5 pence per Ordinary Share.
To cover the exercise costs and associated taxes he sold 28,754 of
the vested Ordinary Shares under the option at a price of 432.5
pence per share on 11 July 2022.
Following this notification:
-- Mr Clark has a beneficial holding of 362,173 Ordinary Shares
(which represents 0.14% of the issued share capital of the Company)
and has options over a maximum of 395,931.
-- Mr Ward has a beneficial holding of 55,000 Ordinary Shares
(which represents 0.02% of the issued share capital of the Company)
and has options over a maximum of 118,442.
-- Mr Brown has a beneficial holding of 670,595 Ordinary Shares
(which represents 0.272% of the issued share capital of the
Company) and has options over a maximum of 298,425.
The information below (set out in accordance with the
requirements of EU Market Abuse Regulation) provides further
detail:
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name 1. Chris Clark
2. Chris Clark
3. David Ward
4. Nick Brown
----------------------- ------------------------------------------
2. Reason for the notification
-------------------------------------------------------------------
a. Position/status 1. CEO
2. CEO
3. CFO
4. 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
-------------------------------------------------------------------
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 293p 101,333
--------- ----------
2 2.5p 84,413
--------- ----------
3 2.5p 50,000
--------- ----------
4 2.5p 50,254
--------- ----------
----------------------- ------------------------------------------
d. Aggregated Price(s) Volume(s)
information 1 293p 101,333
Aggregated --------- ----------
volume 2 2.5p 84,413
Price --------- ----------
3 2.5p 50,000
--------- ----------
4 2.5p 50,254
--------- ----------
----------------------- ------------------------------------------
e. Date of the 11 July 2022
transaction
----------------------- ------------------------------------------
f. Place of the London Stock Exchange (XLON); AIM
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) 1 432.5027p 87,750
---------- ----------
2 432.5027p 48,246
---------- ----------
3 432.5027p 29,000
---------- ----------
4 432.5027p 28,754
---------- ----------
--------------------- --------------------------------------------
d. Aggregated Price(s) Volume(s)
information 1 432.5027p 87,750
Aggregated ---------- ----------
volume 2 432.5027p 48,246
Price ---------- ----------
3 432.5027p 29,000
---------- ----------
4 432.5027p 28,754
---------- ----------
--------------------- --------------------------------------------
e. Date of the 11 July 2022
transaction
--------------------- --------------------------------------------
f. Place of the London Stock Exchange (XLON); AIM
transaction
--------------------- --------------------------------------------
- Ends-
Fo r further information, please contact:
GBG
Annabelle Burton, Company Secretary +44 (0) 1244 657333
Richard Foster, Investor Relations +44 (0) 7816 124164
Numis (Nominated Adviser and Corporate
Broker) +44 (0) 0207 260
Simon Willis & Joshua Hughes 1000
-------------------------
Barclays (Corporate Broker) +44 (0) 0207 029
Stuart Jempson & Anusuya Nayar Gupta 8000
-------------------------
Tulchan Communications LLP (Financial
PR) +44 (0) 20 7353 4200
James Macey White & Matt Low GBG@tulchangroup.com
-------------------------
Website www.gbgplc.com/investors
-------------------------
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