Notification of Directors' Interests

RNS Number : 1159N

GB Group PLC

20 September 2019

 

20 September 2019

GB GROUP PLC

("GBG" or the "Company")

Notification of Directors' Interests

The Company announces that Nick Brown, Group Managing Director has notified the Company that he purchased 32,521 ordinary shares of 2.5p each ("Ordinary Shares") at a price of 556.0 pence per share on 18 September 2019.  

Mr Brown also notified the company that on 18 September 2019 he exercised options over a total of 190,595 Ordinary Shares which were awarded in July 2010 under GBG's Executive Share Option Scheme. The exercise price of the options was 2.5 pence per Ordinary Share. On 18 September 2019 Mr Brown sold a total of 138,000 of the resultant Ordinary Shares at an average price of 555.9 pence per share.

Following this notification, Mr Brown has a beneficial holding of 1,077,312 Ordinary Shares (which represents 0.56% of the issued share capital of the Company) and continues to have options over a maximum of 363,281 Ordinary Shares.

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	Nick Brown
2.	Reason for the notification
a.	Position/status	Group 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
a.	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 2.5 pence GB0006870611
b.	Nature of the transaction	Acquisition of shares
c.	Price(s) and volume(s)	Price(s)  Volume(s) 556.0 32,521
d.	Aggregated information Aggregated volume Price	32,521 556.0p
e.	Date of the transaction	18 September 2019
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	Exercise of options awarded in July 2010 under GBG's Executive Share Option Scheme.
c.	Price(s) and volume(s)	Price(s)  Volume(s) 2.5p 190,595
d.	Aggregated information Aggregated volume Price	190,595 2.5p
e.	Date of the transaction	18 September 2019
f.	Place of the transaction	Outside of a trading venue

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
c.	Price(s) and volume(s)	Price(s)  Volume(s) 553.0p 24,000 553.0p 1,073 556.0p 2,705 557.0p 10,000 556.5p 2,577 555.0p 12,500 556.0p 3,500 556.5p 10,000 557.5p 2,550 557.6p 7,922 558.3p 2,130 558.0p 5,290 557.0p 17,860 556.0p 32,521 557.0p 2,622 556.0p 228 556.0p 500 556.0p 22
d.	Aggregated information Aggregated volume Price	138,000 555.9p
e.	Date of the transaction	18 September 2019
f.	Place of the transaction	London Stock Exchange (XLON); AIM

- Ends-

For further information, please contact:

GB Group plc John Constantin, Company Secretary	01244 657333
Peel Hunt LLP (Nominated Adviser and Broker) Edward Knight Edward Allsopp Nick Prowting	020 7418 8900
Website	www.gbgplc.com

 

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