We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.60 | 0.53% | 302.60 | 300.20 | 301.00 | 304.00 | 297.60 | 299.20 | 1,438,202 | 16:35:04 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Computer Programming Service | 278.81M | -119.79M | -0.4743 | -6.35 | 760.26M |
From Apr 2019 to Apr 2024
TIDMGBG
RNS Number : 8704K
GB Group PLC
26 September 2016
26 September 2016
GB GROUP PLC
("GBG" or the "Company")
Notification of Directors' Interests
Richard Law
The Company announces that Richard Law (GBG's retiring Chief Executive Officer) has today notified the Company that he has exercised options over a total of 243,458 Ordinary Shares awarded in 2013 under GBG's Share Matching Scheme(*) .
Following this and the transaction detail below, Mr Law has increased his beneficial holding to 1,429,237 Ordinary Shares (which represents 1.07% of the issued share capital of the Company) and continues to have options over a maximum of 653,536 Ordinary Shares.
In line with the usual practice, he sold 134,250 of the Ordinary Shares exercised at an average price of 348.112 pence per share to cover the exercise costs incurred and tax liabilities arising in respect of the exercise of these options.
Dave Wilson
The Company also announces that Cath Wilson, the wife of Dave Wilson (GBG's Group Finance & Operations Director) has sold 50,000 Ordinary Shares at an average price of 346.642 pence per share.
Following this notification, Mr. Wilson has a beneficial holding of 245,592 Ordinary Shares (which represents 0.18% of the issued share capital of the Company) and continues to have options over a maximum of 914,862 Ordinary Shares.
* Note:
Share Matching Scheme
The exercise of these options is in accordance with the rules of GBG's Share Matching Scheme (the "Scheme"). Under the Scheme, the executive directors and certain senior managers have the annual opportunity to elect to invest up to 20% of their annual salary and up to 80% of their annual bonus in ordinary shares at market price. Subject to their 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 issued at an exercise price of 2.5 pence per share.
The principle qualification for vesting of the options detailed above was a growth in adjusted earnings per share ("EPS") of at least 25% per annum compounded over 3 financial years. The actual compound growth in EPS over the period was 31% per annum. The Scheme requires that the options are exercised within 1 year of vesting. The options vested on 8 June 2016 when the Group's annual results for the year ended 31 March 2016 were announced.
Hot Features
Premium
1. Details of the person discharging managerial
responsibilities / person closely associated
---- --------------------------------------------------------------
a. Name Cath Wilson
---- ------------------------------- -----------------------------
2. Reason for the notification
---- --------------------------------------------------------------
a. Position/status PCA of PDMR (Dave Wilson)
---- ------------------------------- -----------------------------
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) ------------- ----------
348.5 pence 5,000
------------- ----------
346.5 pence 35,000
------------- ----------
346.2 pence 10,000
------------- ----------
---- ------------------------------- -----------------------------
Aggregated
d. information
* Aggregated volume
50,000
346.642p
* Price
------------------------------------ -----------------------------
e. Date of 2016-09-26; 11:31 UTC
the transaction
---- ------------------------------- -----------------------------
f. Place of London Stock Exchange
the transaction
---- ------------------------------- -----------------------------
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 Acquisition of shares following
the transaction the exercise of options awarded
in 2013 under GBG's Share Matching
Scheme.
---- ------------------------------- -------------------------------------
c. Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
N/A 243,458
---------- ----------
---- ------------------------------- -------------------------------------
d. Aggregated
information
* Aggregated volume 243,458
N/A
* Price
---- ------------------------------- -------------------------------------
e. Date of 2016-09-26
the transaction
---- ------------------------------- -------------------------------------
f. Place of London Stock Exchange
the transaction
---- ------------------------------- -------------------------------------
5. 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 to cover the exercise
the transaction costs incurred and tax liabilities
arising in respect of the exercise
options.
---- ------------------------------- -------------------------------------
c. Price(s) Price(s) Volume(s)
and volume(s) ------------- ----------
350.0 pence 60,000
------------- ----------
348.5 pence 5,000
------------- ----------
346.5 pence 59,250
------------- ----------
346.2 pence 10,000
------------- ----------
---- ------------------------------- -------------------------------------
Aggregated
d. information
* Aggregated volume
134,250
348.1117p
* Price
------------------------------------ -------------------------------------
e. Date of 2016-09-26; 11:31 UTC
the transaction
---- ------------------------------- -------------------------------------
f. Place of London Stock Exchange
the transaction
---- ------------------------------- -------------------------------------
- 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
DSHPGURABUPQGQQ
(END) Dow Jones Newswires
September 26, 2016 13:00 ET (17:00 GMT)
1 Year Gb Chart |
1 Month Gb Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
