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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
  +1.00p +0.19% 516.00p 516.00p 518.00p 520.00p 510.00p 510.00p 268,599 16:29:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 143.5 14.7 7.7 67.0 995.00

GB Group PLC Notification of Directors' Interests

27/03/2019 3:43pm

UK Regulatory (RNS & others)


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RNS Number : 2248U

GB Group PLC

27 March 2019

 
   27 March 2019 
 

GB GROUP PLC

("GBG" or the "Company")

Notification of Directors' Interests

The Company announces that, on 27 March 2019, executive directors Chris Clark (CEO), Dave Wilson (CFO & COO) and Nick Brown (Managing Director), exercised options over ordinary shares of 2.5 pence each in the Company ("Ordinary Shares") at an exercise price of 2.5 pence per Ordinary Share. Chris Clark's compensatory options were awarded upon taking up his appointment as CEO in 2017 and would otherwise have expired on 1 April 2019. Dave Wilson and Nick Brown's options were awarded in 2015 under GBG's Bonus Deferral and Share Matching Plan and would otherwise have expired on 5 June 2019.

The same executive directors subsequently sold a proportion of the resulting Ordinary Shares at a price of 483 pence per share on the same day in order to meet the exercise costs and associated tax liabilities. Details of the transactions and resultant shareholdings by individual are as follows:

 
 Name           Role                    Options   Ordinary       Resultant   % of issued 
                                      exercised     Shares    shareholding         share 
                                                      sold                       capital 
 Chris Clark    CEO                     200,000    110,500         128,524         0.07% 
               -------------------  -----------  ---------  --------------  ------------ 
 Dave Wilson    CFO & COO               156,683     86,683         354,337         0.18% 
               -------------------  -----------  ---------  --------------  ------------ 
 Nick Brown     Managing Director       156,683     86,683         992,196         0.52% 
               -------------------  -----------  ---------  --------------  ------------ 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a.   Name                                 1. Chris Clark 
                                            2. Dave Wilson 
                                            3. Nick Brown 
     ------------------------------  ------------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------------- 
 a.   Position/status                      1. CEO 
                                            2. CFO & COO 
                                            3. 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                     Ordinary shares of 2.5 pence 
       of the financial 
       instrument,                     GB0006870611 
       type of instrument 
       Identification 
       code 
     ------------------------------  ------------------------------------------- 
 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     2.5p      200,000 
                                           ---------  ---------- 
                                        2     2.5p      156,683 
                                           ---------  ---------- 
                                        3     2.5p      156,683 
                                           ---------  ---------- 
     ------------------------------  ------------------------------------------- 
 d.        Aggregated                      Price(s)   Volume(s) 
            information                 1     2.5p      200,000 
             *    Aggregated volume        ---------  ---------- 
                                        2     2.5p      156,683 
                                           ---------  ---------- 
             *    Price                 3     2.5p      156,683 
                                           ---------  ---------- 
     ------------------------------  ------------------------------------------- 
 e.   Date of the                     27 March 2019 
       transaction 
     ------------------------------  ------------------------------------------- 
 f.   Place of the                    Outside a trading venue 
       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     483p      110,500 
                                           ---------  ---------- 
                                        2     483p      86,683 
                                           ---------  ---------- 
                                        3     483p      86,683 
                                           ---------  ---------- 
     ------------------------------  ------------------------------------------- 
 d.        Aggregated                      Price(s)   Volume(s) 
            information                 1     483p      110,500 
             *    Aggregated volume        ---------  ---------- 
                                        2     483p      86,683 
                                           ---------  ---------- 
             *    Price                 3     483p      86,683 
                                           ---------  ---------- 
     ------------------------------  ------------------------------------------- 
 e.   Date of the                     27 March 2019 
       transaction 
     ------------------------------  ------------------------------------------- 
 f.   Place of the                    London Stock Exchange (XLON); AIM 
       transaction 
     ------------------------------  ------------------------------------------- 
 

- Ends-

For further information, please contact:

 
 GB Group plc 
  John Constantin, Company Secretary             01244 657333 
 Peel Hunt LLP (Nominated Adviser and Broker) 
  Edward Knight 
  Peter Stewart 
  Nick Prowting                                  020 7418 8900 
 Website                                         www.gbgplc.com 
 

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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