Director/PDMR Shareholding

RNS Number : 5722Q

GB Group PLC

30 November 2016

 

30 November 2016

GB GROUP PLC

("GBG" or the "Company")

Notification of Directors' Interests

David Rasche

The Company announces that David Rasche, Non-executive Chairman of the Company has today notified the Company that on 29 November 2016 he bought 41,500 ordinary shares of 2.5p each in the Company ("Ordinary Shares") at a price of 240p per share.

Following this notification, Mr. Rasche has:

·      a beneficial holding of 840,778 Ordinary Shares (which represents 0.63% of the issued share capital of the Company)

Richard Law

The Company also announces that Richard Law (GBG's retiring Chief Executive Officer) has today notified the Company that on 29 November 2016 he sold 1 million ordinary shares of 2.5p each in the Company ("Ordinary Shares") at an average price of 240.45p per share. The principal reason for the sale is to allow Mr Law to rebalance his portfolio ahead of his impending retirement.

Following this notification, Mr. Law has:

•   a beneficial holding of 429,237 Ordinary Shares (which represents 0.32% of the issued share capital of the Company); and

•   options over a maximum of 653,536 Ordinary Shares.

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	David Rasche
2.	Reason for the notification
a.	Position/status	Chairman
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) 240 pence 41,500
d.	Aggregated information · Aggregated volume · Price	41,500  240p
e.	Date of the transaction	29 November 2016
f.	Place of the transaction	AIM Market of the London Stock Exchange

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) 240 pence 850,000 243 pence 150,000
d.	Aggregated information · Aggregated volume · Price	1,000,000  240.45p
e.	Date of the transaction	29 November 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

 

END

 

 

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