GB Group PLC Director/PDMR Shareholding (2302S)

TIDMGBG

RNS Number : 2302S

GB Group PLC

12 July 2022

 
   12 July 2022 
 

GB GROUP PLC

("GBG" or the "Company")

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

The Company announces that on 11 July 2022, Chris Clark, David Ward and Nick Brown (CEO, CFO and Group Managing Director, respectively) exercised options over a total of 286,000 ordinary shares of 2.5 pence each in the Company ("Ordinary Shares").

To cover the exercise costs and associated taxes they sold a total of 193,750 Ordinary Shares on the same day, retaining the balance of shares arising from the exercises in their respective holdings.

The details of the transactions are as follows:

   --      Chris Clark (CEO) exercised options over: 

(i) 101,333 ordinary shares of 2.5 pence each in the Company ("Ordinary Shares") at an exercise price of 293 pence per Ordinary Share. The exercise was in respect of the third tranche of Mr Clark's incentive options which were awarded upon taking up his appointment as CEO in 2017 and which vested in June 2022; and

(ii) 84,413 o rdinary Shares awarded in September 2019 under GBG's Share Match Scheme at an exercise price of 2.5 pence per Ordinary Share.

To cover the exercise costs and associated taxes he sold a total of 135,996 of the vested Ordinary Shares under the option at a price of 432.5 pence per share on 11 July 2022.

-- David Ward (CFO) exercised an option over 50,000 Ordinary Shares at an exercise price of 2.5 pence per Ordinary Share. This exercise was in respect of the first tranche of options awarded upon taking up his appointment as CFO in May 2021 and which vested in June 2022. To cover the exercise costs and associated taxes he sold 29,000 of the vested Ordinary Shares under the option at a price of 432.5 pence per share on 11 July 2022.

-- Nick Brown (Group Managing Director) exercised an option over 50,254 Ordinary Shares awarded in September 2019 under GBG's Share Match Scheme at an exercise price of 2.5 pence per Ordinary Share. To cover the exercise costs and associated taxes he sold 28,754 of the vested Ordinary Shares under the option at a price of 432.5 pence per share on 11 July 2022.

Following this notification:

-- Mr Clark has a beneficial holding of 362,173 Ordinary Shares (which represents 0.14% of the issued share capital of the Company) and has options over a maximum of 395,931.

-- Mr Ward has a beneficial holding of 55,000 Ordinary Shares (which represents 0.02% of the issued share capital of the Company) and has options over a maximum of 118,442.

-- Mr Brown has a beneficial holding of 670,595 Ordinary Shares (which represents 0.272% of the issued share capital of the Company) and has options over a maximum of 298,425.

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

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a.   Name                          1. Chris Clark 
                                     2. Chris Clark 
                                     3. David Ward 
                                     4. Nick Brown 
     -----------------------  ------------------------------------------ 
 2.   Reason for the notification 
     ------------------------------------------------------------------- 
 a.   Position/status               1. CEO 
                                     2. CEO 
                                     3. CFO 
                                     4. Managing Director 
     -----------------------  ------------------------------------------ 
 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 
     ------------------------------------------------------------------- 
 b.   Nature of the            Acquisition of Ordinary Shares following 
       transaction              the exercise of options. 
     -----------------------  ------------------------------------------ 
 c.   Price(s) and                  Price(s)   Volume(s) 
       volume(s)                 1     293p      101,333 
                                    ---------  ---------- 
                                 2     2.5p      84,413 
                                    ---------  ---------- 
                                 3     2.5p      50,000 
                                    ---------  ---------- 
                                 4     2.5p      50,254 
                                    ---------  ---------- 
     -----------------------  ------------------------------------------ 
 d.        Aggregated               Price(s)   Volume(s) 
            information          1     293p      101,333 
            Aggregated              ---------  ---------- 
            volume               2     2.5p      84,413 
            Price                   ---------  ---------- 
                                 3     2.5p      50,000 
                                    ---------  ---------- 
                                 4     2.5p      50,254 
                                    ---------  ---------- 
     -----------------------  ------------------------------------------ 
 e.   Date of the              11 July 2022 
       transaction 
     -----------------------  ------------------------------------------ 
 f.   Place of the             London Stock Exchange (XLON); AIM 
       transaction 
     -----------------------  ------------------------------------------ 
 
 
 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 the          Sale of Ordinary Shares following exercise 
       transaction            of options. 
     ---------------------  -------------------------------------------- 
 c.   Price(s) and                Price(s)    Volume(s) 
       volume(s)               1   432.5027p    87,750 
                                  ----------  ---------- 
                               2   432.5027p    48,246 
                                  ----------  ---------- 
                               3   432.5027p    29,000 
                                  ----------  ---------- 
                               4   432.5027p    28,754 
                                  ----------  ---------- 
     ---------------------  -------------------------------------------- 
 d.        Aggregated             Price(s)    Volume(s) 
            information        1   432.5027p    87,750 
            Aggregated            ----------  ---------- 
            volume             2   432.5027p    48,246 
            Price                 ----------  ---------- 
                               3   432.5027p    29,000 
                                  ----------  ---------- 
                               4   432.5027p    28,754 
                                  ----------  ---------- 
     ---------------------  -------------------------------------------- 
 e.   Date of the            11 July 2022 
       transaction 
     ---------------------  -------------------------------------------- 
 f.   Place of the           London Stock Exchange (XLON); AIM 
       transaction 
     ---------------------  -------------------------------------------- 
 

- Ends-

Fo r 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 
                                          ------------------------- 
 Tulchan Communications LLP (Financial 
  PR)                                          [phone] 
  James Macey White & Matt Low                 [e-mail] 
                                          ------------------------- 
 Website                                   www.gbgplc.com/investors 
                                          ------------------------- 
 

, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com. 

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHGPUQWMUPPGAP

(END) Dow Jones Newswires

July 12, 2022 11:47 ET (15:47 GMT)