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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.80 | 1.31% | 294.00 | 293.20 | 294.00 | 299.40 | 289.00 | 289.00 | 318,738 | 11:59:26 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Computer Programming Service | 278.81M | -119.79M | -0.4743 | -6.20 | 742.58M |
From Apr 2019 to Apr 2024
TIDMGBG
RNS Number : 9476N
GB Group PLC
27 September 2019
27 September 2019
GB GROUP PLC
("GBG" or the "Company")
Notification of Director's Interest
The Board of GBG announces that the purchases of ordinary shares of 2.5p each in the Company ("Ordinary Shares") by the executive directors in the period June to September 2019 were carried out in accordance with the Bonus Deferral and Share Matching Plan of the Company.
Accordingly, subject to the conditions outlined below and pursuant to the Bonus Deferral and Share Matching Plan rules, the executive directors' purchases have been matched with an award of options over Ordinary Shares ("Conditional Matching Option Awards").
The Conditional Matching Option Awards granted to the executive directors are set out in the table below. The awards reflect the maximum number of 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 Number Price Payable
Award of Conditional
Matching Option
Awards
Chris Clark 1 April 2019 206,136 Ordinary Nominal Value
Chief Executive to Shares (2.5p)
Officer 31 March 2022
------------------- ----------------- --------------
David Wilson, 1 April 2019 125,226 Ordinary Nominal Value
Group Finance to Shares (2.5p)
& Operations 31 March 2022
Director
------------------- ----------------- --------------
Nick Brown, 1 April 2019 122,721 Ordinary Nominal Value
Group Managing to Shares (2.5p)
Director 31 March 2022
------------------- ----------------- --------------
Following this announcement:
(i) Chris Clark has:
-- a beneficial holding of 273,050 Ordinary Shares (which represents 0.14% of the issued share capital of the Company); and
-- options over a maximum of 1,334,989 Ordinary Shares (ii) Dave Wilson has:
-- a beneficial holding of 321,096 Ordinary Shares (which represents 0.17% of the issued share capital of the Company); and
-- options over a maximum of 575,487 Ordinary Shares
(iii) Nick Brown has:
-- a beneficial holding of 1,077,312 Ordinary Shares (which represents 0.56% of the issued share capital of the Company); and
-- options over a maximum of 486,002 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 approved the establishment of a salary sacrifice, bonus deferral and share matching plan whereby the executive directors and certain senior managers have the opportunity to elect to invest up to 20% of annual salary and up to 80% of annual bonus in Ordinary Shares. Subject to continued employment, the retention of these shares and the meeting of certain financial performance targets, the investment will be matched and grossed up for income taxes, to 2.0x the investment made by matching shares, in the form of options with a nominal value exercise price, which will, subject to these conditions, vest after three years.
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 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 the Bonus Deferral
transaction and Share Matching Plan
------------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) 2.5p 206,136
----------
------------------------------- ------------------------------------------
Aggregated
information
* Aggregated volume 206,136
d. * Price 2.5p
------------------------------- ------------------------------------------
e. Date of the 26 September 2019
transaction
------------------------------- ------------------------------------------
f. Place of the Outside of a trading venue
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 the Bonus Deferral
transaction and Share Matching Plan
------------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) 2.5p 125,226
----------
------------------------------- ------------------------------------------
Aggregated
information
* Aggregated volume 125,226
d. * Price 2.5p
------------------------------- ------------------------------------------
e. Date of the 26 September 2019
transaction
------------------------------- ------------------------------------------
f. Place of the Outside of a trading venue
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 the Bonus Deferral
transaction and Share Matching Plan
------------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) 2.5p 122,721
----------
------------------------------- ------------------------------------------
Aggregated
information
* Aggregated volume 122,721
d. * Price 2.5p
------------------------------- ------------------------------------------
e. Date of the 26 September 2019
transaction
------------------------------- ------------------------------------------
f. Place of the Outside of a trading venue
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 Edward Allsopp 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
DSHZMGZLRNMGLZG
(END) Dow Jones Newswires
September 27, 2019 04:24 ET (08:24 GMT)
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