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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -13.40 | -5.06% | 251.40 | 252.00 | 252.80 | 262.20 | 250.00 | 261.00 | 690,080 | 16:35:22 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Computer Programming Service | 278.81M | -119.79M | -0.4743 | -5.33 | 638.52M |
From Apr 2019 to Apr 2024
TIDMGBG
RNS Number : 3149R
GB Group PLC
27 February 2019
27 February 2019
GB GROUP PLC
("GBG" or "the Company")
Notification of Director's Interest
The Board of GBG announces that the investment made by the executive directors in acquiring ordinary shares of 2.5p each in the Company ("Ordinary Shares") in February 2019 as part of the share placing for the acquisition of IDology Inc. was carried out under the Bonus Deferral and Share Matching Plan of the Company.
Accordingly, subject to the conditions outlined below, the investment by the executive directors has been matched, and grossed up for income taxes, to 1.75x the investment made.
The conditional matching option awards to the executive directors are set out in the table below. The figures reflect the maximum number of matched Ordinary Shares over which the option awards may be exercised. The actual number will depend upon the extent to which the established performance conditions detailed in GBG's annual report are satisfied over the performance period.
Hot Features
Premium
Name Performance Period Maximum Matching Price Payable
Award on Exercise
Chris Clark 1 April 2018 128,853 Ordinary Nominal Value
Chief Executive to Shares (2.5p)
Officer 31 March 2021
------------------- ----------------- --------------
David Wilson, 1 April 2018 125,379 Ordinary Nominal Value
Group Finance to Shares (2.5p)
& Operations 31 March 2021
Director
------------------- ----------------- --------------
Nick Brown, 1 April 2018 125,376 Ordinary Nominal Value
Managing Director to Shares (2.5p)
31 March 2021
------------------- ----------------- --------------
Following this announcement:
(i) Chris Clark has:
-- a beneficial holding of 39,024 Ordinary Shares (which represents 0.02% of the issued share capital of the Company); and
-- options over a maximum of 1,528,853 Ordinary Shares. (ii) Dave Wilson has:
-- a beneficial holding of 284,337 Ordinary Shares (which represents 0.15% of the issued share capital of the Company); and
-- options over a maximum of 896,375 Ordinary Shares.
(iii) Nick Brown has:
-- a beneficial holding of 922,196 Ordinary Shares (which represents 0.48% of the issued share capital of the Company); and
-- options over a maximum of 710,559 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.
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Chris Clark
------------------------------- -------------------------------------------
2. Reason for the notification
----------------------------------------------------------------------------
a. Position/status Chief Executive 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
instrument, GB0006870611
type of instrument
Identification
code
------------------------------- -------------------------------------------
b. Nature of the Grant of options under share matching plan
transaction
------------------------------- -------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) 2.5p 128,853
----------
------------------------------- -------------------------------------------
Aggregated
information
* Aggregated volume
128,853
d. * Price 2.5p
------------------------------- -------------------------------------------
e. Date of the 26 February 2019
transaction
------------------------------- -------------------------------------------
f. Place of the London Stock Exchange (XLON); AIM
transaction
------------------------------- -------------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Dave Wilson
------------------------------- -------------------------------------------
2. Reason for the notification
----------------------------------------------------------------------------
a. Position/status Group Finance & Operations 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
----------------------------------------------------------------------------
a. Description Options over Ordinary shares of 2.5 pence
of the financial
instrument, GB0006870611
type of instrument
Identification
code
------------------------------- -------------------------------------------
b. Nature of the Grant of options under share matching plan
transaction
------------------------------- -------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) 2.5p 125,379
----------
------------------------------- -------------------------------------------
Aggregated
information
* Aggregated volume 125,379
d. * Price 2.5p
------------------------------- -------------------------------------------
e. Date of the 26 February 2019
transaction
------------------------------- -------------------------------------------
f. Place of the London Stock Exchange (XLON); AIM
transaction
------------------------------- -------------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Nick Brown
------------------------------- -------------------------------------------
2. Reason for the notification
----------------------------------------------------------------------------
a. Position/status Group 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
----------------------------------------------------------------------------
a. Description Options over Ordinary shares of 2.5 pence
of the financial
instrument, GB0006870611
type of instrument
Identification
code
------------------------------- -------------------------------------------
b. Nature of the Grant of options under share matching plan
transaction
------------------------------- -------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) 2.5p 125,376
----------
------------------------------- -------------------------------------------
Aggregated
information
* Aggregated volume 125,376
d. * Price 2.5p
------------------------------- -------------------------------------------
e. Date of the 26 February 2019
transaction
------------------------------- -------------------------------------------
f. Place of the London Stock Exchange (XLON); AIM
transaction
------------------------------- -------------------------------------------
- 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 Edward Knight Peter Stewart Nick Prowting Website www.gbgplc.co.uk
This information is provided by RNS, 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 rns@lseg.com or visit www.rns.com.
END
DSHPGUMCPUPBGWM
(END) Dow Jones Newswires
February 27, 2019 08:51 ET (13:51 GMT)
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