Director/PDMR Shareholding

RNS Number : 2302S

GB Group PLC

12 July 2022

 

12 July 2022

GB GROUP PLC

("GBG" or the "Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR")

The Company announces that on 11 July 2022, Chris Clark, David Ward and Nick Brown (CEO, CFO and Group Managing Director, respectively) exercised options over a total of 286,000 ordinary shares of 2.5 pence each in the Company ("Ordinary Shares").

To cover the exercise costs and associated taxes they sold a total of 193,750 Ordinary Shares on the same day, retaining the balance of shares arising from the exercises in their respective holdings.

The details of the transactions are as follows:

· Chris Clark (CEO) exercised options over:

(i)  101,333 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 third tranche of Mr Clark's incentive options which were awarded upon taking up his appointment as CEO in 2017 and which vested in June 2022; and

(ii)  84,413 o rdinary Shares awarded in September 2019 under GBG's Share Match Scheme at an exercise price of 2.5 pence per Ordinary Share.

To cover the exercise costs and associated taxes he sold a total of 135,996 of the vested Ordinary Shares under the option at a price of 432.5 pence per share on 11 July 2022.

· David Ward (CFO) exercised an option over 50,000 Ordinary Shares at an exercise price of 2.5 pence per Ordinary Share.  This exercise was in respect of the first tranche of options awarded upon taking up his appointment as CFO in May 2021 and which vested in June 2022. To cover the exercise costs and associated taxes he sold 29,000 of the vested Ordinary Shares under the option at a price of 432.5 pence per share on 11 July 2022.

· Nick Brown (Group Managing Director) exercised an option over 50,254 Ordinary Shares awarded in September 2019 under GBG's Share Match Scheme at an exercise price of 2.5 pence per Ordinary Share. To cover the exercise costs and associated taxes he sold 28,754 of the vested Ordinary Shares under the option at a price of 432.5 pence per share on 11 July 2022.

Following this notification:

· Mr Clark has a beneficial holding of 362,173 Ordinary Shares (which represents 0.14% of the issued share capital of the Company) and has options over a maximum of 395,931.

· Mr Ward has a beneficial holding of 55,000 Ordinary Shares (which represents 0.02% of the issued share capital of the Company) and has options over a maximum of 118,442.

· Mr Brown has a beneficial holding of 670,595 Ordinary Shares (which represents 0.272% of the issued share capital of the Company) and has options over a maximum of 298,425.

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.  Chris Clark 3.  David Ward 4.  Nick Brown
2.	Reason for the notification
a.	Position/status	1.  CEO 2.  CEO 3.  CFO 4.  Managing Director
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	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 transaction	Acquisition of Ordinary Shares following the exercise of options.
c.	Price(s) and volume(s)	Price(s) Volume(s) 1 293p 101,333 2 2.5p 84,413 3 2.5p 50,000 4 2.5p 50,254
d.	Aggregated information Aggregated volume Price	Price(s) Volume(s) 1 293p 101,333 2 2.5p 84,413 3 2.5p 50,000 4 2.5p 50,254
e.	Date of the transaction	11 July 2022
f.	Place of the transaction	London Stock Exchange (XLON); AIM

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 Ordinary Shares following exercise of options.
c.	Price(s) and volume(s)	Price(s) Volume(s) 1 432.5027p 87,750 2 432.5027p 48,246 3 432.5027p 29,000 4 432.5027p 28,754
d.	Aggregated information Aggregated volume Price	Price(s) Volume(s) 1 432.5027p 87,750 2 432.5027p 48,246 3 432.5027p 29,000 4 432.5027p 28,754
e.	Date of the transaction	11 July 2022
f.	Place of the transaction	London Stock Exchange (XLON); AIM

- Ends-

Fo r further information, please contact:

GBG Annabelle Burton, Company Secretary Richard Foster, Investor Relations	[phone] [phone]
Numis (Nominated Adviser and Corporate Broker) Simon Willis & Joshua Hughes	[phone]
Barclays (Corporate Broker) Stuart Jempson & Anusuya Nayar Gupta	[phone]
Tulchan Communications LLP (Financial PR) James Macey White & Matt Low	[phone] [e-mail]
Website	www.gbgplc.com/investors

 

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