GB Group PLC Notification of PDMR Interests (4565S)

TIDMGBG

RNS Number : 4565S

GB Group PLC

08 July 2020

 
   08 July 2020 
 

GB GROUP PLC

("GBG" or the "Company")

Notification of PDMR Interests

The Company announces that on 7 July 2020, Chris Clark, Dave Wilson and Nick Brown (CEO, CFO & COO and Group Managing Director, respectively) exercised options over a total of 474,125 ordinary shares of 2.5 pence each in the Company ("Ordinary Shares").

They also sold a total of 303,900 Ordinary Shares on the same day in order to meet the exercise costs and associated tax liabilities - retaining the balance of shares arising from the exercises in their respective holdings.

The details are as follows:

-- Chris Clark (CEO) exercised options over 241,000 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 first tranche of Mr Clark's incentive options which were awarded upon taking up his appointment as CEO in 2017 and which vested in June 2020. He sold 175,600 of the vested Ordinary Shares under the option at a price of 7.05 pence per share.

-- Dave Wilson (CFO & COO) exercised an option over 113,208 Ordinary Shares awarded in February 2018 under GBG's Share Match Scheme. The exercise price of the options was 2.5 pence per Ordinary Share. He sold 62,300 of the vested Ordinary Shares under the option at a price of 7.05 pence per share.

-- Nick Brown (Group Managing Director) exercised an option over 119,917 Ordinary Shares awarded in February 2018 under GBG's Share Match Scheme. The exercise price of the options was 2.5 pence per Ordinary Share. He sold 66,000 of the vested Ordinary Shares under the option at a price of 7.05 pence per share.

Following this notification:

-- Mr Clark has a beneficial holding of 338,450 Ordinary Shares (which represents 0.17% of the issued share capital of the Company) and continues to have options over a maximum of 1,001,656.

-- Mr Wilson has a beneficial holding of 221,030 Ordinary Shares (which represents 0.11% of the issued share capital of the Company) and continues to have options over a maximum of 250,605.

-- Mr Brown has a beneficial holding of 553,917 Ordinary Shares (which represents 0.29% of the issued share capital of the Company) and continues to have options over a maximum of 248,097.

In addition, on 7 July 2020 John Constantin (Company Secretary) exercised an option over 23,202 Ordinary Shares awarded in February 2018 under GBG's Share Match Scheme. The exercise price of the options was 2.5 pence per Ordinary Share. He sold the shares at a price of 7.05 pence per share on the same day.

Following this notification Mr Constantin has a beneficial holding of 94,740 Ordinary Shares (which represents 0.05% of the issued share capital of the Company) and continues to have options over a maximum of 39,923 Ordinary Shares.

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. Dave Wilson 
                                            3. Nick Brown 
                                            4. John Constantin 
     ------------------------------  ----------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------------- 
 a.   Position/status                      1. CEO 
                                            2. CFO & COO 
                                            3. Managing Director 
                                            4. Company Secretary 
     ------------------------------  ----------------------------------------- 
 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    2.93p      241,000 
                                           ---------  ---------- 
                                        2     2.5p      113,208 
                                           ---------  ---------- 
                                        3     2.5p      119,917 
                                           ---------  ---------- 
                                        4     2.5p      23,202 
                                           ---------  ---------- 
     ------------------------------  ----------------------------------------- 
 d.        Aggregated                      Price(s)   Volume(s) 
            information                 1    2.93p      241,000 
             *    Aggregated volume        ---------  ---------- 
                                        2     2.5p      113,208 
                                           ---------  ---------- 
             *    Price                 3     2.5p      119,917 
                                           ---------  ---------- 
                                        4     2.5p      23,202 
                                           ---------  ---------- 
     ------------------------------  ----------------------------------------- 
 e.   Date of the                     7 July 2020 
       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     705p      175,600 
                                           ---------  ---------- 
                                        2     705p      62,300 
                                           ---------  ---------- 
                                        3     705p      66,000 
                                           ---------  ---------- 
                                        4     705p      23,202 
                                           ---------  ---------- 
     ------------------------------  ------------------------------------------- 
 d.        Aggregated                      Price(s)   Volume(s) 
            information                 1     705p      175,600 
             *    Aggregated volume        ---------  ---------- 
                                        2     705p      62,300 
                                           ---------  ---------- 
             *    Price                 3     705p      66,000 
                                           ---------  ---------- 
                                        4     705p      23,202 
                                           ---------  ---------- 
     ------------------------------  ------------------------------------------- 
 e.   Date of the                     7 July 2020 
       transaction 
     ------------------------------  ------------------------------------------- 
 f.   Place of the                    London Stock Exchange (XLON); AIM 
       transaction 
     ------------------------------  ------------------------------------------- 
 

- Ends-

Fo r further information, please contact:

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

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July 08, 2020 12:43 ET (16:43 GMT)