Last checked at 30 Mar 2023 16:35
30 March 2023
The Gym Group plc
("the Company")
Notification of transactions by Directors/PDMRs
The Company announces that on 29 March 2023 ("Date of Grant"), 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") and the Deferred Share Bonus Plan ("DSBP") to the below Executive Directors as follows:
Name | Number of Shares granted under PSP | Number of Shares granted under DSBP |
Ann-marie Murphy | 326,323 | 52,666 |
Luke Tait | 423,797 | 15,037 |
The number of shares within the above awards was calculated on the basis of a share price of 123.88 pence, being the Company's three-month average share price prior to the Date of Grant.
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 PSP awards is subject to the satisfaction of three performance conditions in respect of:
- Absolute Total Shareholder Return (Compound annual growth in adjusted Gym Group share price) (40% weighting);
- Relative Total Shareholder Return measured against constituents of the FTSE SmallCap (excluding ITs and REITs) (40% weighting); and
- Social Value generated during financial year 2025 (20% weighting).
The detail of the performance conditions is set out in the 2022 Annual Report and Accounts on page 97. A holding period of two years from the end of the performance period is also applicable to the PSP award granted to Ann-marie and Luke.
In addition, as set out in the 2022 Annual Report and Accounts on page 99, the Remuneration Committee has decided that the 2022 annual bonus for Ann-marie and Luke will be delivered purely as awards of deferred shares under the DSBP. Deferred shares awarded for 2022 bonuses will be subject to continued employment and will be capable of vesting two years from the Date of Grant.
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
1. | Details of PDMR / person closely associated with them ("PCA") | |||||||
a) | Name | Ann-marie Murphy
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2. | Reason for the notification | |||||||
a) | Position / status | Chief Operating Officer
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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
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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
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b) | Nature of the transaction | 1. Award over shares granted pursuant to The Gym Group Performance Share Plan. 2. Award over shares granted pursuant to The Gym Group Deferred Share Bonus Plan. | ||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information Aggregated volume Price |
Price: Nil Volume: 378,989 | ||||||
e) | Date of the transaction | 29 March 2023 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
1. | Details of PDMR / person closely associated with them ("PCA") | |||||||
a) | Name | Luke Tait
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2. | Reason for the notification | |||||||
a) | Position / status | Chief Financial Officer
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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
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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
| ||||||
b) | Nature of the transaction | 1. Award over shares granted pursuant to The Gym Group Performance Share Plan 2. Award over shares granted pursuant to The Gym Group Deferred Share Bonus Plan. | ||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information Aggregated volume Price |
Price: Nil Volume: 438,834 | ||||||
e) | Date of the transaction | 29 March 2023 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
For further information, please contact:
The Gym Group: John Treharne, Chair of the Board Luke Tait, Chief Financial Officer
| via Teneo |
Teneo: James Macey White Laura Marshall
| +44 (0) 207 353 4200 |