GB Group PLC
19 July 2007
19 July 2007
GB GROUP plc
(the 'Company')
Exercise of Share Options
The Company announces the interest of certain of the Directors in the shares of
the Company following the exercise of share options under the Group's Savings
Related Share Option Scheme (the 'SAYE Scheme'). These shares relate to options
which were granted to employees and executive directors of the Company in July
2002 in accordance with SAYE Scheme rules.
• Richard Law, Chief Executive, exercised his option over 76,578
shares (representing 0.9% of the issued share capital) in the Company at an
exercise price of 7.6 pence per share. Following the exercise, Mr Law now has a
beneficial interest in 1,064,182 shares in the Company representing 1.27% of the
issued share capital of the Company. Mr Law retains further options over 78,620
shares under the SAYE Scheme.
• Mona Navin-Mealey, Group Finance Director, exercised her option
over 76,578 shares (representing 0.9% of the issued share capital) in the
Company at an exercise price of 7.6 pence per share. Following the exercise, Mrs
Navin-Mealey now has a beneficial interest in 626,578 shares in the Company
representing 0.75% of the issued share capital of the Company. Mrs Navin-Mealey
retains further options over 78,620 shares under the SAYE Scheme.
Both Mr Law and Mrs Navin-Mealey have indicated that it is their intention to
retain the shares allotted to them pursuant to the above exercises.
- Ends -
For further information, please contact:
GB Group plc
John Constantin, Company Secretary 01244 657333
Weber Shandwick Financial
Richard Hews, Hannah Marwood 020 7067 0700
Website www.gb.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.