Last checked at 18 Mar 2016 14:39
18 March 2016
The Gym Group plc
("the Company")
Notification of transactions by Directors/PDMRs
In accordance with Disclosure and Transparency Rule 3.1.4R(1), The Gym Group plc announces that on 16 March 2016, awards over ordinary shares of 0.01p each in the capital of the Company were made under the terms of The Gym Group plc Performance Share Plan ("PSP") to directors and other persons discharging managerial responsibility ("PDMRs") as follows:
Name | Director/PDMR | Number of shares under award |
John Treharne Richard Darwin Jim Graham Jonathan Spaven | Director Director Director PDMR | 86,776 55,785 55,785 55,785 |
The awards represent 0.01p par value options which, to the extent that the awards vest, provide for shares to be delivered to the individuals for 0.01p consideration per share.
In normal circumstances, the awards will not vest until the third anniversary of the award date.
The percentage of the shares that ultimately do vest (and are delivered to the individuals) is dependent on the satisfaction of performance criteria measured over a three-year performance period ending on 31 December 2018:
(a) 50% of the shares under each award will vest subject to the satisfaction of a performance condition based on the Company's reported adjusted EPS in FY 2018 (subject to such adjustments as the Committee considers appropriate); and
(b) 50% of the shares under each award will vest subject to the satisfaction of a performance condition based on the Company's total shareholder return over a period of 3 years until 31 December 2018 (as compared to a comparator group comprising the FTSE SmallCap excluding Investment Trusts).
For further information, please contact:
The Gym Group Richard Darwin, CFO & Company Secretary
| Tel: 01483 366277 |