GB Group PLC Director/PDMR Shareholding (1172G)

TIDMGBG

RNS Number : 1172G

GB Group PLC

14 July 2023

14 July 2023

GB GROUP PLC

("GBG" or the "Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR")

The Board of GBG announces that it has granted awards over ordinary shares of 2.5p each in the Company (Ordinary Shares) under the Performance Share Plan to Chris Clark and David Ward.

The awards are set out in the table below. The awards reflect the maximum number of Ordinary Shares over which the awards may be exercised. The actual number will depend upon the extent that the performance conditions are met. The awards are subject to adjustment, malus and clawback, and a 2 year holding period.

 
   Name of     Performance Period   Maximum number of     Price payable 
  Executive         of Award         shares subject to 
   Director                                award 
 Chris Clark   1 April 2023 - 31         390,421          Nominal Value 
                   March 2026                            (2.5p per share) 
              -------------------  -------------------  ----------------- 
 David Ward    1 April 2023 - 31         225,804          Nominal Value 
                   March 2026                            (2.5p per share) 
              -------------------  -------------------  ----------------- 
 

The information below (set out in accordance with the requirements of the UK Market Abuse Regulation) provides further detail:

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a.   Name                   1. Chris Clark 
                              2. David Ward 
     ---------------------  --------------------------------------------- 
 2.   Reason for the notification 
     -------------------------------------------------------------------- 
 a.   Position/status        1. Chief Executive Officer 
                              2. Chief Finance Officer 
     ---------------------  --------------------------------------------- 
 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 
     -------------------------------------------------------------------- 
 a.   Description            Options over Ordinary shares of 2.5 pence 
       of the financial       GB0006870611 
       instrument, 
       type of instrument 
       Identification 
       code 
     ---------------------  --------------------------------------------- 
 b.   Nature of the          Grant of options under the Performance Share 
       transaction            Plan 
     ---------------------  --------------------------------------------- 
 c.   Price(s) and                Price (p)   Volume 
       volume(s)               1      2.5      390,421 
                                  ----------  -------- 
                               2      2.5      225,804 
                                  ----------  -------- 
     ---------------------  --------------------------------------------- 
 d.        Aggregated             Price (p)   Volume 
            information        1      2.5      390,421 
            Aggregated            ----------  -------- 
            volume             2      2.5      225,804 
            Price                 ----------  -------- 
     ---------------------  --------------------------------------------- 
 e.   Date of the            26 June 2023 
       transaction 
     ---------------------  --------------------------------------------- 
 f.   Place of the           Outside of a trading venue 
       transaction 
     ---------------------  --------------------------------------------- 
 

- Ends-

For further information, please contact:

 
 GBG 
  Annabelle Burton, Company Secretary           [phone] 
  Richard Foster, Investor Relations            [phone] 
 Numis (Nominated Adviser and Corporate 
  Broker)                                          [phone] 
  Simon Willis & Joshua Hughes                                 1000 
                                          ------------------------- 
 
 Barclays (Corporate Broker)                       [phone] 
  Stuart Jempson & Anusuya Nayar Gupta                         8000 
                                          ------------------------- 
 Website                                   www.gbgplc.com/investors 
                                          ------------------------- 
 

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END

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July 14, 2023 09:13 ET (13:13 GMT)