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Last checked at 
9 Sep 2022 07:00
9 September 2022
GB GROUP PLC
("GBG" or the "Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR")
The Board of GBG announces that on 8 September 2022 the Executive Directors were granted options over ordinary shares of 2.5p each in the Company (Ordinary Shares) under the Company's Performance Share Plan. The Performance Share Plan was approved by shareholders at the Company's Annual General Meeting held on 28 July 2022.
The options are set out in the table below. The options reflect the maximum number of Ordinary Shares over which the options may be exercised.
Name of Executive Director
| Performance Period of Award
| Maximum number of shares subject to award
| Exercise Price payable
|
Chris Clark | 1 April 2022 to 31 March 2025 | 255,120 | Nominal Value (2.5p per share) |
David Ward | 1 April 2022 to 31 March 2025 | 147,551 | Nominal Value (2.5p per share) |
Nick Brown | 1 April 2022 to 31 March 2025 | 115,749 | Nominal Value (2.5p per share) |
Following this announcement, these Executive Directors hold options over a maximum number of shares as follows:
Name
| Number of Ordinary Shares
|
Chris Clark
| 651,051 |
David Ward
| 265,993 |
Nick Brown
| 291,453 |
The information below (set out in accordance with the requirements of the UK Market Abuse Regulation) provides further detail:
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||
a. | Name | 1. Chris Clark 2. David Ward 3. Nick Brown
| ||||||||||||
2. | Reason for the notification | |||||||||||||
a. | Position/status | 1. Chief Executive Officer 2. Chief Finance Officer 3. 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 | Options over Ordinary shares of 2.5 pence GB0006870611 | ||||||||||||
b. | Nature of the transaction | Grant of options under the Performance Share Plan | ||||||||||||
c. | Price(s) and volume(s) |
| ||||||||||||
d. | Aggregated information Aggregated volume Price |
| ||||||||||||
e. | Date of the transaction | 8 September 2022 | ||||||||||||
f. | Place of the transaction | Outside of a trading venue | ||||||||||||
- Ends-
For further information, please contact:
GBG Annabelle Burton, Company Secretary Richard Foster, Investor Relations
|
+44 (0) 1244 657333 +44 (0) 7816 124164 |
Numis (Nominated Adviser and Corporate Broker) Simon Willis & Joshua Hughes
|
+44 (0) 0207 260 1000 |
Barclays (Corporate Broker) Stuart Jempson & Anusuya Nayar Gupta |
+44 (0) 0207 029 8000
|
Tulchan Communications LLP (Financial PR) James Macey White & Matt Low
|
+44 (0) 20 7353 4200 GBG@tulchangroup.com
|
Website | www.gbgplc.com/investors |
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