Gym Group PLC (The) Director/PDMR Shareholding
July 10 2024 - 7:35AM
RNS Regulatory News
RNS Number : 8990V
Gym Group PLC (The)
10 July 2024
The Gym Group
plc
("Gym Group" or the
"Company")
Grant of Share
Awards
In accordance with the Company's
Directors' Remuneration Policy, on 10 July 2024, awards under The
Gym Group plc Incentive Plan (the "TGG Incentive Plan") and The Gym Group Deferred Share
Bonus Plan (the "Deferred Bonus
Plan") have been granted to the Directors/PDMRs of the
Company set out in the table below over 1,225,558 ordinary shares
of £0.01 each.
|
Director/PDMR
|
Number of ordinary shares subject to TGG Incentive
Plan
|
Number of ordinary shares subject to Deferred Bonus
Plan
|
|
Will Orr
|
686,878
|
9,488
|
|
Luke Tait
|
509,098
|
20,094
|
TGG
Incentive Plan
The awards represent the share
element of the TGG Incentive Plan for 2024, equivalent to 65% of
the maximum opportunity for Executive Directors (275% of salary).
Together with the cash element (35% of the maximum opportunity),
the awards are subject to financial and non-financial performance
targets set by the Company for 2024. The awards are granted under
the rules of the TGG Incentive Plan and vest after three years
subject to the satisfaction of these performance targets and the
continued employment of the holder at the date of vesting. The
exercise of vested awards for the holders listed above is subject
to a two year holding period.
Deferred Bonus Plan
The awards represent the
deferred element of the 2023 annual bonus,
as set out in the 2023 Annual Report & Accounts. The Awards are
granted under the rules of the Deferred Bonus Plan and vest after
two years subject to the continued employment of the holder at the
date of vesting.
The Company has today instructed the
trustees of the Company's employee benefit trust to purchase c.1.5m
shares in the capital of the Company on the market to satisfy
future share option exercises.
For further information please
contact:
|
The
Gym Group
plc
|
|
|
Will Orr, CEO
Luke Tait, CFO
Krishan Pandit, Company
Secretary
|
|
|
|
|
|
Instinctif Partners (Financial
PR)
Justine Warren
Matthew Smallwood
Joe Quinlan
|
Tel: +44 (0)20 7457
2020
|
The notifications set out below are
provided in accordance with the requirements of the EU Market Abuse
Regulation.
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associate
|
|
a)
|
Name
|
Will Orr
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
The Gym Group plc
|
|
b)
|
LEI
|
213800VCU9TBANZIN455
|
|
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 of the financial
instrument, type of instrument
|
Ordinary shares of 1
pence each
|
|
Identification code
|
ISIN:
GB00BZBX0P70
|
|
b)
|
Nature of the transaction
|
i) Grant of share awards under
The Gym Group plc Incentive Plan
ii) Grant of share awards under The
Gym Group Deferred Share Bonus Plan
|
|
c)
|
Price(s) and volume(s)
|
|
|
Price per share
|
Volume
|
|
i)
|
1 pence
|
686,878
|
|
ii)
|
1 pence
|
9,488
|
|
|
d)
|
Aggregated Information
- Aggregate volume
- Price
|
|
Price
|
Aggregate volume
|
|
1 pence
|
696,366
|
|
|
e)
|
Date of transaction
|
10 July 2024
|
|
f)
|
Place of transaction
|
Outside a trading venue
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associate
|
|
a)
|
Name
|
Luke Tait
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Financial Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
The Gym Group plc
|
|
b)
|
LEI
|
213800VCU9TBANZIN455
|
|
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 of the financial
instrument, type of instrument
|
Ordinary shares of 1
pence each
|
|
Identification code
|
ISIN:
GB00BZBX0P70
|
|
b)
|
Nature of the transaction
|
i) Grant of share awards under
The Gym Group plc Incentive Plan
ii) Grant of share awards under The
Gym Group Deferred Share Bonus Plan
|
|
c)
|
Price(s) and volume(s)
|
|
|
Price per share
|
Volume
|
|
i)
|
1 pence
|
509,098
|
|
ii)
|
1 pence
|
20,094
|
|
|
d)
|
Aggregated Information
- Aggregate volume
- Price
|
|
Price
|
Aggregate volume
|
|
1 pence
|
529,192
|
|
|
e)
|
Date of transaction
|
10 July 2024
|
|
f)
|
Place of transaction
|
Outside a trading venue
|
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