GB Group PLC Director/PDMR Shareholding (5722Q)

TIDMGBG

RNS Number : 5722Q

GB Group PLC

30 November 2016

 
   30 November 2016 
 

GB GROUP PLC

("GBG" or the "Company")

Notification of Directors' Interests

David Rasche

The Company announces that David Rasche, Non-executive Chairman of the Company has today notified the Company that on 29 November 2016 he bought 41,500 ordinary shares of 2.5p each in the Company ("Ordinary Shares") at a price of 240p per share.

Following this notification, Mr. Rasche has:

-- a beneficial holding of 840,778 Ordinary Shares (which represents 0.63% of the issued share capital of the Company)

Richard Law

The Company also announces that Richard Law (GBG's retiring Chief Executive Officer) has today notified the Company that on 29 November 2016 he sold 1 million ordinary shares of 2.5p each in the Company ("Ordinary Shares") at an average price of 240.45p per share. The principal reason for the sale is to allow Mr Law to rebalance his portfolio ahead of his impending retirement.

Following this notification, Mr. Law has:

-- a beneficial holding of 429,237 Ordinary Shares (which represents 0.32% of the issued share capital of the Company); and

   --   options over a maximum of 653,536 Ordinary Shares. 
 
 1.    Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ---------------------------------------------------------------- 
 a.    Name                             David Rasche 
----  -------------------------------  ------------------------------- 
 2.    Reason for the notification 
----  ---------------------------------------------------------------- 
 a.    Position/status                  Chairman 
----  -------------------------------  ------------------------------- 
 b.    Initial                          Initial notification 
        notification 
        /Amendment 
----  -------------------------------  ------------------------------- 
 3.    Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ---------------------------------------------------------------- 
 a.    Name                             GB Group plc 
----  -------------------------------  ------------------------------- 
 b.    LEI                              N/A 
----  -------------------------------  ------------------------------- 
 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                         Sale of shares 
        the transaction 
----  -------------------------------  ------------------------------- 
 c.    Price(s)                            Price(s)    Volume(s) 
        and volume(s)                     -----------  ---------- 
                                           240 pence     41,500 
                                          -----------  ---------- 
----  -------------------------------  ------------------------------- 
            Aggregated 
 d.          information 
         *    Aggregated volume 
                                                    41,500 
                                                      240p 
         *    Price 
 ------------------------------------  ------------------------------- 
 e.    Date of                          29 November 2016 
        the transaction 
----  -------------------------------  ------------------------------- 
 f.    Place of                         AIM Market of the London Stock 
        the transaction                  Exchange 
----  -------------------------------  ------------------------------- 
 
 
 1.    Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ---------------------------------------------------------------- 
 a.    Name                             Richard Law 
----  -------------------------------  ------------------------------- 
 2.    Reason for the notification 
----  ---------------------------------------------------------------- 
 a.    Position/status                  Chief Executive Officer 
----  -------------------------------  ------------------------------- 
 b.    Initial                          Initial notification 
        notification 
        /Amendment 
----  -------------------------------  ------------------------------- 
 3.    Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ---------------------------------------------------------------- 
 a.    Name                             GB Group plc 
----  -------------------------------  ------------------------------- 
 b.    LEI                              N/A 
----  -------------------------------  ------------------------------- 
 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                         Sale of shares 
        the transaction 
----  -------------------------------  ------------------------------- 
 c.    Price(s)                            Price(s)    Volume(s) 
        and volume(s)                     -----------  ---------- 
                                           240 pence     850,000 
                                          -----------  ---------- 
                                           243 pence     150,000 
                                          -----------  ---------- 
----  -------------------------------  ------------------------------- 
            Aggregated 
 d.          information 
         *    Aggregated volume 
                                                    1,000,000 
                                                      240.45p 
         *    Price 
 ------------------------------------  ------------------------------- 
 e.    Date of                          29 November 2016 
        the transaction 
----  -------------------------------  ------------------------------- 
 f.    Place of                         AIM Market of the London Stock 
        the transaction                  Exchange 
----  -------------------------------  ------------------------------- 
 

- Ends-

For further information, please contact:

 
 GB Group plc 
  John Constantin, Company Secretary    01244 657333 
 Peel Hunt LLP (Nominated Adviser 
  and Broker) 
  Richard Kauffer 
  Euan Brown                            020 7418 8900 
 Website                                www.gbgplc.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 30, 2016 07:46 ET (12:46 GMT)