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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gb Group Plc | LSE:GBG | London | Ordinary Share | GB0006870611 | ORD 2.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
4.00 | 1.60% | 254.00 | 252.60 | 253.80 | 254.00 | 245.20 | 249.00 | 146,616 | 12:18:52 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Computer Programming Service | 278.81M | -119.79M | -0.4743 | -5.32 | 637.51M |
TIDMGBG
RNS Number : 4309P
GB Group PLC
05 June 2015
5 June 2015
GB GROUP PLC
("GBGroup" or "GBG" or "the Company")
Notification of Director's Interest
The Board of GBGroup announces that the recent investment of the executive directors in acquiring shares in GBGroup (as announced on 2 June 2015) was carried out under the Bonus Deferral and Share Matching Plan of the Company. Accordingly, subject to the conditions outlined below, the investment of the executive directors has been matched, grossed up for income taxes, to 2.0x the investment made.
The conditional matching awards to the executive directors are set out in the table below. The figures reflect the maximum number of matched shares over which the option might be exercised. The actual number will depend upon the extent to which the established performance conditions are satisfied over the performance period.
Name Performance Maximum Matching Price Payable Period Award on Exercise ----------------- -------------- ----------------- -------------- Richard Law, 1 April 2015 296,562 shares Nominal Value Chief Executive to (2.5p) Officer 31 March 2018 ----------------- -------------- ----------------- -------------- David Wilson, 1 April 2015 156,683 shares Nominal Value Group Finance to (2.5p) & Operations 31 March Director 2018 ----------------- -------------- ----------------- --------------
Following this announcement:
(i) Mr Law has:
-- a beneficial holding of 2,018,320 Ordinary Shares (which represents 1.67% of the issued share capital of the Company); and
-- options over a maximum of 1,694,978 Ordinary Shares .
(ii) Mr Wilson has:
-- a beneficial holding of 423,686 Ordinary Shares (which represents 0.35% of the issued share capital of the Company); and
-- options over a maximum of 949,965 Ordinary Shares .
A summary of the rules of the Bonus Deferral and Share Matching Plan is as follows:
The Company announced in November 2011 that following consultation with its major shareholders, the Remuneration Committee of the Board had approved the establishment of a salary sacrifice, bonus deferral and share matching plan whereby the executive directors and certain senior managers will have the opportunity to elect to invest up to 20% of their annual salary and up to 80% of their annual bonus in ordinary shares. Subject to continued employment, the retention of these shares and the meeting of a demanding financial performance target, the investment will be matched on a gross basis by matching shares, in the form of options with a nominal value exercise price, which will, subject to these conditions, vest after three years.
- Ends-
For further information, please contact:
GB Group plc 01244 657333 John Constantin, Company Secretary Peel Hunt LLP (Nominated Adviser and Broker) 020 7418 8900 Richard Kauffer Website www.gbgplc.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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