Last checked at 17 May 2021 07:00
17 May 2021 |
GB GROUP PLC
("GBG" or the "Company" or "the Group")
Notification of PDMR Interests
GBG today welcomes David Ward to the team, who will be formally appointed to the Board as CFO on 1 July 2021. This appointment follows the Group's announcement of 28 January 2021 that Dave Wilson will be retiring, as Group CFO and COO, on 30 June 2021.
As part of David Ward's remuneration, he will today ("Date of Grant") receive an option over 150,000 ordinary shares of 2.5 pence each in the capital of the Company ("Ordinary Shares") as compensation to match the earnings and incentives forfeited on leaving his previous employer (the "Compensatory Options"). The Compensatory Options will be issued at an exercise price of 2.5 pence per Ordinary Share and will vest in equal tranches on the first, second and third anniversary from the Date of Grant provided he still holds the position of CFO of GBG on the respective dates. In addition, vesting of the second and third tranches will also be subject to achievement of EPS and TSR performance targets in line with the Group's objectives and beyond. The Compensatory Options are valid for a period of 12 months from the vesting date.
The information below (set out in accordance with the requirements of Market Abuse Regulation) provides further detail:
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a. | Name | David Ward | ||||
2. | Reason for the notification | |||||
a. | Position/status | Chief Financial 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 | 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 Long Term Incentive Plan | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information Aggregated volume Price
|
150,000 2.5p | ||||
e. | Date of the transaction | 17 May 2021 | ||||
f. | Place of the transaction | Outside of a trading venue | ||||
- Ends -
For further information, please contact:
GBG Chris Clark, CEO & Dave Wilson, CFO & COO
| 01244 657333 |
Peel Hunt LLP (Nominated Adviser and Broker) Edward Knight, Paul Gillam & Nick Prowting
| 020 7418 8900 |
Tulchan James Macey White & Matt Low
| 020 7353 4200 GBG@tulchangroup.com
|
Website | www.gbgplc.com/investors |
About GBG
GBG offers a range of solutions that help organisations quickly validate and verify the identity and location of their customers.
Our market-leading technology, data and expertise help our customers improve digital access, deliver a seamless experience and establish trust, so that they can transact quickly, safely and securely with their customers online.
Headquartered in the UK and with over 1,000 team members across 16 countries, we work with 20,000 customers in over 70 countries. Some of the world's best-known businesses rely on GBG to provide digital services and keep the economy moving, from US e-commerce giants to Asia's biggest banks and European household brands.
To find out more about how we help our customers establish trust with their customers, visit www.gbgplc.com and follow us on LinkedIn and Twitter@gbgplc.