Notification of PDMR Interests

RNS Number : 4565S

GB Group PLC

08 July 2020

 

08 July 2020

GB GROUP PLC

("GBG" or the "Company")

Notification of PDMR Interests

The Company announces that on 7 July 2020, Chris Clark, Dave Wilson and Nick Brown (CEO, CFO & COO and Group Managing Director, respectively) exercised options over a total of 474,125 ordinary shares of 2.5 pence each in the Company ("Ordinary Shares").

They also sold a total of 303,900 Ordinary Shares on the same day in order to meet the exercise costs and associated tax liabilities - retaining the balance of shares arising from the exercises in their respective holdings.

The details are as follows:

· Chris Clark (CEO) exercised options over 241,000 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 first tranche of Mr Clark's incentive options which were awarded upon taking up his appointment as CEO in 2017 and which vested in June 2020. He sold 175,600 of the vested Ordinary Shares under the option at a price of 7.05 pence per share.

· Dave Wilson (CFO & COO) exercised an option over 113,208 Ordinary Shares awarded in February 2018 under GBG's Share Match Scheme. The exercise price of the options was 2.5 pence per Ordinary Share. He sold 62,300 of the vested Ordinary Shares under the option at a price of 7.05 pence per share.

· Nick Brown (Group Managing Director) exercised an option over 119,917 Ordinary Shares awarded in February 2018 under GBG's Share Match Scheme. The exercise price of the options was 2.5 pence per Ordinary Share. He sold 66,000 of the vested Ordinary Shares under the option at a price of 7.05 pence per share.

Following this notification:

· Mr Clark has a beneficial holding of 338,450 Ordinary Shares (which represents 0.17% of the issued share capital of the Company) and continues to have options over a maximum of 1,001,656.

· Mr Wilson has a beneficial holding of 221,030 Ordinary Shares (which represents 0.11% of the issued share capital of the Company) and continues to have options over a maximum of 250,605.

· Mr Brown has a beneficial holding of 553,917 Ordinary Shares (which represents 0.29% of the issued share capital of the Company) and continues to have options over a maximum of 248,097.

In addition, on 7 July 2020 John Constantin (Company Secretary) exercised an option over 23,202 Ordinary Shares awarded in February 2018 under GBG's Share Match Scheme. The exercise price of the options was 2.5 pence per Ordinary Share. He sold the shares at a price of 7.05 pence per share on the same day.

Following this notification Mr Constantin has a beneficial holding of 94,740 Ordinary Shares (which represents 0.05% of the issued share capital of the Company) and continues to have options over a maximum of 39,923 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	1.  Chris Clark 2.  Dave Wilson 3.  Nick Brown 4.  John Constantin
2.	Reason for the notification
a.	Position/status	1.  CEO 2.  CFO & COO 3.  Managing Director 4.  Company Secretary
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 2.93p 241,000 2 2.5p 113,208 3 2.5p 119,917 4 2.5p 23,202
d.	Aggregated information · Aggregated volume · Price	Price(s) Volume(s) 1 2.93p 241,000 2 2.5p 113,208 3 2.5p 119,917 4 2.5p 23,202
e.	Date of the transaction	7 July 2020
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 705p 175,600 2 705p 62,300 3 705p 66,000 4 705p 23,202
d.	Aggregated information · Aggregated volume · Price	Price(s) Volume(s) 1 705p 175,600 2 705p 62,300 3 705p 66,000 4 705p 23,202
e.	Date of the transaction	7 July 2020
f.	Place of the transaction	London Stock Exchange (XLON); AIM

- Ends-

Fo r further information, please contact:

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

 

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