Last checked at 21 Oct 2020 16:00
21 October 2020
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The Gym Group plc
Grant of SAYE Options and Notification of transactions by Directors
The Gym Group plc ("the Company" or "TGG") is pleased to announce that it has launched the 2020 Save As You Earn Scheme (the "SAYE" Scheme) for all eligible employees.
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Eligible employees were invited to subscribe for options ("Options") over the Company's ordinary shares of 0.01 pence each ("Ordinary Shares") which have been granted at an exercise price of £1.08 per Ordinary Share in accordance with the terms of the SAYE Scheme. The Options were issued on 21 October 2020 and will normally be exercisable from 1 December 2023 for six months.
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130 employees have elected to participate in the 2020 SAYE Scheme and as a result Options over a total of 694,940 Ordinary Shares have been granted in respect of the 2020 SAYE Scheme, representing 0.42% of the Company's issued share capital.
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The following Persons Discharging Managerial Responsibilities ("PDMRs") have chosen to participate in the 2020 SAYE Scheme:
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Name | Director/PDMR | Number of Ordinary Shares under Option |
Richard Darwin  | Director | 16,666 |
Mark George | Director  | 16,666 |
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In addition, in order to participate in the 2020 SAYE Scheme, Mark George has elected to cancel his participation in the 2019 SAYE Scheme, resulting in the lapse of the option originally granted to him on 24 October 2019 with an exercise price of £2.02 per Ordinary Share. The option would normally have become exercisable on 1 December 2022 over 8,910 Ordinary Shares.
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For further information, please contact
The Gym Group Richard Darwin, CEO Mark George, CFO Katy Tucker, Company Secretary   | via Instinctif Partners | ||
Instinctif Partners Matthew Smallwood Justine Warren | 020 7457 2020 |
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The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
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1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Richard Darwin  | ||||
2. | Reason for the notification | |||||
a) | Position / status | Chief Executive 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 | ||||
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 0.01p each ISIN: GB00BZBX0P70 | ||||
b) | Nature of the transaction | Grant of an Option under the 2020 Save As You Earn Scheme   | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information Aggregated volume Price | Â N/A (single transaction) | ||||
e) | Date of the transaction | 21/10/2020 | ||||
f) | Place of the transaction | Award occurred outside a trading venue | ||||
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1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Mark George  | ||||
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 | 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 0.01p each ISIN: GB00BZBX0P70 | ||||
b) | Nature of the transaction | Grant of an Option under the 2020 Save As You Earn Scheme   | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information Aggregated volume Price | Â N/A (single transaction) | ||||
e) | Date of the transaction | 21/10/2020 | ||||
f) | Place of the transaction | Award occurred outside a trading venue | ||||
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1. | Details of PDMR / person closely associated with them ("PCA") | |||||
a) | Name | Mark George | ||||
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 | 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 0.01p each ISIN: GB00BZBX0P70 | ||||
b) | Nature of the transaction | Cancellation of participation under the 2019 Save As You Earn Scheme and discontinuation of the related monthly contributions, resulting in lapse of the option granted on 24 October 2019 with an exercise price of £2.02 pence per Ordinary Share. | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information Aggregated volume Price | Â N/A (single transaction) | ||||
e) | Date of the transaction | 21/10/2020 | ||||
f) | Place of the transaction | Cancellation occurred outside a trading venue | ||||
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