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GB Group PLC (GBG)

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Wednesday 27 July, 2016

GB Group PLC

Director/PDMR Shareholding

RNS Number : 4468F
GB Group PLC
27 July 2016
 

 

 


27 July 2016

 

GB GROUP PLC

("GBG" or the "Company")

 

Notification of Directors' Interests

 

 

The Company announces that Richard Law (GBG's retiring Chief Executive Officer) and his wife, Ceris Law, have today notified the Company that between 26 and 27 July 2016 they sold 750,000 ordinary shares of 2.5p each in the Company ("Ordinary Shares") at a price of 293p per share. Mr. Law has indicated that it is not his intention to sell further shares in the near future.

 

Following this notification, Mr. Law remains the Groups largest non-institutional holder and has:

•   a beneficial holding of 1,316,045 Ordinary Shares (which represents 0.99% of the issued share capital of the Company); and

•   options over a maximum of 900,978 Ordinary Shares.

 

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)

293 pence

750,000

d.         

Aggregated information

· Aggregated volume

· Price

 

 

 

750,000

 293p

e.         

Date of the transaction

26-27 July 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

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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