Director/PDMR Shareholding

RNS Number : 4468F

GB Group PLC

27 July 2016

 

27 July 2016

GB GROUP PLC

("GBG" or the "Company")

Notification of Directors' Interests

The Company announces that Richard Law (GBG's retiring Chief Executive Officer) and his wife, Ceris Law, have today notified the Company that between 26 and 27 July 2016 they sold 750,000 ordinary shares of 2.5p each in the Company ("Ordinary Shares") at a price of 293p per share. Mr. Law has indicated that it is not his intention to sell further shares in the near future.

Following this notification, Mr. Law remains the Groups largest non-institutional holder and has:

•   a beneficial holding of 1,316,045 Ordinary Shares (which represents 0.99% of the issued share capital of the Company); and

•   options over a maximum of 900,978 Ordinary Shares.

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Richard Law
2.	Reason for the notification
a.	Position/status	Chief Executive Officer
b.	Initial notification /Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	GB Group plc
b.	LEI	N/A
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 of the financial instrument, type of instrument Identification code	Ordinary shares of 2.5 pence GB0006870611
b.	Nature of the transaction	Sale of shares
c.	Price(s) and volume(s)	Price(s) Volume(s) 293 pence 750,000
d.	Aggregated information · Aggregated volume · Price	750,000  293p
e.	Date of the transaction	26-27 July 2016
f.	Place of the transaction	AIM Market of the London Stock Exchange

- Ends-

For further information, please contact:

GB Group plc John Constantin, Company Secretary	01244 657333
Peel Hunt LLP (Nominated Adviser and Broker) Richard Kauffer Euan Brown	020 7418 8900
Website	www.gbgplc.com

 

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