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30 Nov 2016 12:46
30 November 2016 |
GB GROUP PLC
("GBG" or the "Company")
Notification of Directors' Interests
David Rasche
The Company announces that David Rasche, Non-executive Chairman of the Company has today notified the Company that on 29 November 2016 he bought 41,500 ordinary shares of 2.5p each in the Company ("Ordinary Shares") at a price of 240p per share.
Following this notification, Mr. Rasche has:
· a beneficial holding of 840,778 Ordinary Shares (which represents 0.63% of the issued share capital of the Company)
Richard Law
The Company also announces that Richard Law (GBG's retiring Chief Executive Officer) has today notified the Company that on 29 November 2016 he sold 1 million ordinary shares of 2.5p each in the Company ("Ordinary Shares") at an average price of 240.45p per share. The principal reason for the sale is to allow Mr Law to rebalance his portfolio ahead of his impending retirement.
Following this notification, Mr. Law has:
• a beneficial holding of 429,237 Ordinary Shares (which represents 0.32% of the issued share capital of the Company); and
• options over a maximum of 653,536 Ordinary Shares.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a. | Name | David Rasche | ||||
2. | Reason for the notification | |||||
a. | Position/status | 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 | 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) |
| ||||
d. | Aggregated information · Aggregated volume · Price
|
41,500 240p | ||||
e. | Date of the transaction | 29 November 2016 | ||||
f. | Place of the transaction | AIM Market of the London Stock Exchange | ||||
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) |
| ||||||
d. | Aggregated information · Aggregated volume · Price
|
1,000,000 240.45p | ||||||
e. | Date of the transaction | 29 November 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 |
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