Last checked at 25 Mar 2021 16:20
25 March 2021
Â
The Gym Group plc
("the Company")
Notification of transactions by Directors/PDMRs
The Gym Group plc announces that on 25 March 2021, awards over ordinary shares of 0.01p each in the capital of the Company ("Shares") 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 |
Richard Darwin  | Director | 230,421  |
Mark George | Director  | 168,975  |
Â
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. Vesting of the awards is subject to the satisfaction of certain performance conditions (as set out in the Company's 2020 annual report).
Â
In normal circumstances, the above awards will not vest until the third anniversary of the award date. Any awards made to directors will also be subject to a two year holding period.
Â
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
Â
1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | 1. Richard Darwin 2. Mark George | ||||
2. | Reason for the notification | |||||
a) | Position / status | 1. Chief Executive Officer 2. 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 | The Gym Group plc  | ||||
b) | LEI | 213800VCU9TBANZIN455 | ||||
2. | 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 0.01p each ISIN: GB00BZBX0P70 Â | ||||
b) | Nature of the transaction | Awards over shares granted pursuant to The Gym Group Performance Share Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information Aggregated volume Price | Â N/A (single transaction) | ||||
e) | Date of the transaction | 25 March 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Â
Â
For further information, please contact:
Â
The Gym Group: Richard Darwin, CEO Mark George, CFO Â | via Tulchan Communications |
Tulchan Communications: James Macey White Elizabeth Snow Laura Marshall  | +44 (0) 207 353 4200 |
Â
Â