Last checked at 27 Mar 2019 13:18
27 March 2019
THE GYM GROUP PLC ("THE COMPANY")
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Connected Persons
The Company announces that on 27 March 2019, it was notified that Penny Hughes, Chairwoman, had purchased 23,911 shares in the Company and that Richard Darwin, CEO, had purchased 11,000 shares in the Company. Details of the purchases can be found below.
In addition, the following notification made under article 19.1 of the Market Abuse Regulation ("MAR") relates to exercising of nil-cost options to persons discharging managerial responsibilities ("PDMR") on 26 March 2019 under the Company Performance Share Plan ("PSP") and to PDMRs buying shares. This announcement is made in accordance with Article 19.3 of MAR.
The Company announces that on 26 March 2019, the following PSP awards made on 16 March 2016 have been exercised following partial achievement of the performance criteria, with 41.65% of the PSP awards vesting for consideration of £0.0001 per share. Details of the number of ordinary shares of £0.0001 each in the share capital of the Company ("Shares") received, sold to meet tax and national insurance contributions and retained by PDMRs are set out below.
Name of Director/ PDMR | Number of Shares vested under PSP award | Number of Shares exercised under PSP award | Number of Shares sold to cover tax and national insurance contributions | Number of Shares retained |
Richard Darwin | 23,490 | 23,490 | 11,080 | 12,410 |
John Treharne | 36,540 | 36,540 | 17,235 | 19,305 |
Jonathan Spaven | 23,490 | 23,490 | 11,080 | 12,410 |
Purchase of shares in the Company:
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Penny Hughes
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2. | Reason for the notification | |||||
a) | Position / status | Chairwoman
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b) | Initial notification / amendment | Initial Notification
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | The Gym Group plc | ||||
b) | LEI | 213800VCU9TBANZIN455 | ||||
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 | Ordinary Shares of 0.01 pence each
ISIN: GB00BZBX0P70
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b) | Nature of the transaction | Purchase of shares
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c) | Price(s) and volume(s) |
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d) | Aggregated information Aggregated volume Price |
N/A | ||||
e) | Date of the transaction | 27/03/2019 (London) | ||||
f) | Place of the transaction | London Stock Exchange XLON | ||||
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Richard Darwin
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2. | Reason for the notification | |||||
a) | Position / status | CEO
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b) | Initial notification / amendment | Initial Notification
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | The Gym Group plc | ||||
b) | LEI | 213800VCU9TBANZIN455 | ||||
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 | Ordinary Shares of 0.01 pence each
ISIN: GB00BZBX0P70
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b) | Nature of the transaction | Purchase of shares through a self-invested personal pension | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information Aggregated volume Price |
N/A | ||||
e) | Date of the transaction | 27/03/2019 (London) | ||||
f) | Place of the transaction | London Stock Exchange XLON | ||||
Exercise of nil cost options and sale of shares to meet tax and NI:
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | 1. Richard Darwin 2. John Treharne 3. Jonathan Spaven
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2. | Reason for the notification | |||||
a) | Position / status | 1. Chief Executive Officer 2. Founder Director 3. PDMR, Property Director
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b) | Initial notification / amendment | Initial Notification
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | The Gym Group plc | ||||
b) | LEI | 213800VCU9TBANZIN455 | ||||
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 | Ordinary Shares of 0.01 pence each
ISIN: GB00BZBX0P70
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b) | Nature of the transaction | Exercise of options under the Company Performance Share Plan | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information Aggregated volume Price |
N/A | ||||
e) | Date of the transaction | 26/03/2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | 1. Richard Darwin 2. John Treharne 3. Jonathan Spaven
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2. | Reason for the notification | |||||
a) | Position / status | 1. Chief Executive Officer 2. Founder Director 3. PDMR, Property Director
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b) | Initial notification / amendment | Initial Notification
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | The Gym Group plc | ||||
b) | LEI | 213800VCU9TBANZIN455 | ||||
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 | Ordinary Shares of 0.01 pence each
ISIN: GB00BZBX0P70
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b) | Nature of the transaction | Sale of shares, principally to cover tax on exercising of award under the Company Performance Share Plan | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information Aggregated volume Price |
N/A | ||||
e) | Date of the transaction | 26/03/2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||