TIDMGYM

RNS Number : 6197S

The Gym Group plc

18 March 2016

18 March 2016

The Gym Group plc

("the Company")

Notification of transactions by Directors/PDMRs

In accordance with Disclosure and Transparency Rule 3.1.4R(1), The Gym Group plc announces that on 16 March 2016, awards over ordinary shares of 0.01p each in the capital of the Company were made under the terms of The Gym Group plc Performance Share Plan ("PSP") to directors and other persons discharging managerial responsibility ("PDMRs") as follows:

 
 Name                Director/PDMR    Number of shares 
                                       under award 
 John Treharne       Director         86,776 
  Richard Darwin      Director         55,785 
  Jim Graham          Director         55,785 
  Jonathan Spaven     PDMR             55,785

The awards represent 0.01p par value options which, to the extent that the awards vest, provide for shares to be delivered to the individuals for 0.01p consideration per share.

In normal circumstances, the awards will not vest until the third anniversary of the award date.

The percentage of the shares that ultimately do vest (and are delivered to the individuals) is dependent on the satisfaction of performance criteria measured over a three-year performance period ending on 31 December 2018:

(a) 50% of the shares under each award will vest subject to the satisfaction of a performance condition based on the Company's reported adjusted EPS in FY 2018 (subject to such adjustments as the Committee considers appropriate); and

(b) 50% of the shares under each award will vest subject to the satisfaction of a performance condition based on the Company's total shareholder return over a period of 3 years until 31 December 2018 (as compared to a comparator group comprising the FTSE SmallCap excluding Investment Trusts).

For further information, please contact:

 
The Gym Group                             Tel: 01483 366277 
 Richard Darwin, CFO & Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

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March 18, 2016 10:39 ET (14:39 GMT)

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