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Last checked at 
28 Nov 2019 13:09
28 November 2019 |
GB GROUP PLC
("GBG" or the "Company")
Correction - Notification of Directors' Interests
The following amendment has been made to the 'Notification of Directors' Interests' announcement released on 28 November 2019 at 10.25 under RNS No. 0020V.
The original announcement incorrectly stated that David Rasche has a resultant beneficial shareholding of 743,525 Ordinary Shares representing 0.38% of the Company's issued share capital when it should have stated 725,233 Ordinary Shares representing 0.37% of the Company's issued share capital.
All other details remain unchanged. The full amended text is shown below.
The Company announces that, on 26 November 2019, Dave Wilson (CFO & COO) and Nick Brown (Managing Director), exercised options over ordinary shares of 2.5 pence each in the Company ("Ordinary Shares") at an exercise price of 2.5 pence per Ordinary Share. Subsequently, Dave Wilson, Nick Brown and David Rasche (Chairman) sold Ordinary Shares at a price of 710 pence per Ordinary Share on the same day.
Details of the transactions and resultant beneficial shareholdings by individual are as follows:
Name | Role | Options exercised | Ordinary Shares sold | Resultant beneficial shareholding | % of issued share capital |
Dave Wilson | CFO & COO | 129,783 | 280,757* | 170,122 | 0.09% |
Nick Brown | Managing Director | 117,103 | 367,103 | 827,312 | 0.43% |
David Rasche | Chairman | - | 160,000 | 725,233 | 0.37% |
*150,974 of these Ordinary Shares sold were sold by Cath Wilson, wife of Dave Wilson
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||
a. | Name | 1. Dave Wilson 2. Nick Brown | ||||||||||||
2. | Reason for the notification | |||||||||||||
a. | Position/status | 1. CFO & COO 2. 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 Ordinary Shares following the exercise of options | ||||||||||||
c. | Price(s) and volume(s) |
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d. | Aggregated information ·; Aggregated volume ·; Price
|
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e. | Date of the transaction | 26 November 2019 | ||||||||||||
f. | Place of the transaction | Outside a trading venue | ||||||||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||
a. | Name | 1. Dave Wilson 2. Nick Brown 3. David Rasche | ||||||||||||
2. | Reason for the notification | |||||||||||||
a. | Position/status | 1. CFO & COO 2. Managing Director 3. Chairman | ||||||||||||
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 | Sale of Ordinary Shares. | ||||||||||||
c. | Price(s) and volume(s) |
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d. | Aggregated information ·; Aggregated volume ·; Price
|
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e. | Date of the transaction | 26 November 2019 | ||||||||||||
f. | Place of the transaction | London Stock Exchange (XLON); AIM | ||||||||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a. | Name | Dave Wilson | ||||||
2. | Reason for the notification | |||||||
a. | Position/status | CFO & COO | ||||||
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 | Transfer of Ordinary Shares to PCA, Cath Wilson | ||||||
c. | Price(s) and volume(s) |
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d. | Aggregated information ·; Aggregated volume ·; Price
|
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e. | Date of the transaction | 26 November 2019 | ||||||
f. | Place of the transaction | Outside a trading venue | ||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a. | Name | Cath Wilson | ||||||
2. | Reason for the notification | |||||||
a. | Position/status | PCA of Dave Wilson, CFO & COO | ||||||
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 | Sale of Ordinary Shares | ||||||
c. | Price(s) and volume(s) |
| ||||||
d. | Aggregated information ·; Aggregated volume ·; Price
|
| ||||||
e. | Date of the transaction | 26 November 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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