Director/PDMR Shareholding

RNS Number : 2335G

GB Group PLC

02 May 2014

 



2 May 2014

GB GROUP PLC

("GBGroup" or "GBG" or "the Company")

Notification of Directors' Interest

The Board of GBGroup announces that the recent investment of the executive directors in acquiring shares in GBGroup (as announced on 24 April 2014) was carried out under the Bonus Deferral and Share Matching Plan of the Company. Accordingly, subject to the conditions outlined below, the investment of the executive directors has been matched, grossed up for income taxes, to 2.0x the investment made.

The conditional matching awards to the executive directors are set out in the table below. The figures reflect the maximum number of matched shares over which the option might be exercised. The actual number will depend upon the extent to which the established performance conditions are satisfied over the performance period.

Name	Performance Period Award	Maximum Matching on Exercise	Price Payable
Richard Law, Chief Executive	1 April 2014 to 31 March 2017	356,774 shares	Nominal Value (2.5p)
David Wilson, Group Finance & Operations Director	1 April 2014 to 31 March 2017	68,611 shares	Nominal Value (2.5p)

Following this announcement, Mr Law has options over a maximum of 2,415,116 shares and Mr Wilson has options over a maximum of 1,255,074 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.

- 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
Richard Kauffer
Daniel Harris
Elliot Thomas
Newgate Threadneedle	020 7653 9850
Caroline Forde
Josh Royston
Heather Armstrong
Website		www.gbgplc.com

Notes to Editors

About GBGroup

The most profitable and successful organisations recognise the value of understanding the individual identity of their customers and employees. GBG combines this concept of identity with technology to create an environment of trust, so that organisations can employ people and connect, communicate and transact with consumers, safely and responsibly.

We call this Identity Intelligence.

GBG's Identity Intelligence solutions include:

Register & Verify - International software and services for quick and accurate customer registration; and the verification of identities of individuals & businesses remotely.

Cleanse & Engage - Innovative software and services which provide accurate and up-to-date identity information to deliver improved intelligent customer contact strategies.

Employ & Comply - Thorough background checks through online verification and authentication of individuals enabling organisations to safeguard, recruit and engage with confidence.

Trace & Investigate - Leading software and services which provide the most accurate and up-to-date picture of the UK's population, properties and businesses to quickly locate, investigate and contact the right individual, first time.

 

END

 

 

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