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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
  -3.00p -0.55% 541.00p 536.00p 538.00p 547.00p 526.00p 544.00p 553,697 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 143.5 14.7 7.7 70.3 1,043.48

GB Group PLC Notification of Director's Interest

27/02/2019 1:51pm

UK Regulatory (RNS & others)


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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.

 
 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

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