REG - GB Group PLC - Notification of Directors' Interests

GBAnnouncement

20/09/2019 10:20

RNS Number : 1159N
GB Group PLC
20 September 2019
 


 
 







20 September 2019



 
GB GROUP PLC
("GBG" or the "Company")
 
Notification of Directors' Interests
 
The Company announces that Nick Brown, Group Managing Director has notified the Company that he purchased 32,521 ordinary shares of 2.5p each ("Ordinary Shares") at a price of 556.0 pence per share on 18 September 2019.  
 
Mr Brown also notified the company that on 18 September 2019 he exercised options over a total of 190,595 Ordinary Shares which were awarded in July 2010 under GBG's Executive Share Option Scheme. The exercise price of the options was 2.5 pence per Ordinary Share. On 18 September 2019 Mr Brown sold a total of 138,000 of the resultant Ordinary Shares at an average price of 555.9 pence per share.
 
Following this notification, Mr Brown has a beneficial holding of 1,077,312 Ordinary Shares (which represents 0.56% of the issued share capital of the Company) and continues to have options over a maximum of 363,281 Ordinary Shares.
 
The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:
 



1.  


Details of the person discharging managerial responsibilities / person closely associated




a.     


Name


Nick Brown




2.    


Reason for the notification




a.    


Position/status


Group Managing Director




b.    


Initial notification /Amendment


Initial notification




3.    


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a.    


Name


GB Group plc




b.    


LEI


213800RBAFZIBCV7XR29




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, type of instrument
Identification code


Ordinary shares of 2.5 pence
GB0006870611




b.   


Nature of the transaction


Acquisition of shares




c.         


Price(s) and volume(s)





 Price(s) 


Volume(s)




556.0


32,521








d.       


Aggregated information
Aggregated volume
Price


 
32,521
556.0p




e.     


Date of the transaction


18 September 2019




f.      


Place of the transaction


London Stock Exchange (XLON); AIM



 



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, type of instrument
Identification code


Ordinary shares of 2.5 pence
GB0006870611




b.   


Nature of the transaction


Exercise of options awarded in July 2010 under GBG's Executive Share Option Scheme.




c.         


Price(s) and volume(s)





 Price(s) 


Volume(s)




2.5p


190,595








d.       


Aggregated information
Aggregated volume
Price


 
190,595
2.5p




e.     


Date of the transaction


18 September 2019




f.      


Place of the transaction


Outside of a trading venue



 



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, type of instrument
Identification code


Ordinary shares of 2.5 pence
GB0006870611




b.   


Nature of the transaction


Sale of Ordinary Shares




c.         


Price(s) and volume(s)





 Price(s) 


Volume(s)




553.0p


24,000




553.0p


1,073




556.0p


2,705




557.0p


10,000




556.5p


2,577




555.0p


12,500




556.0p


3,500




556.5p


10,000




557.5p


2,550




557.6p


7,922




558.3p


2,130




558.0p


5,290




557.0p


17,860




556.0p


32,521




557.0p


2,622




556.0p


228




556.0p


500




556.0p


22








d.       


Aggregated information
Aggregated volume
Price


 
138,000
555.9p




e.     


Date of the transaction


18 September 2019




f.      


Place of the transaction


London Stock Exchange (XLON); AIM



 
- Ends-
For further information, please contact:



GB Group plc
John Constantin, Company Secretary
 


01244 657333




Peel Hunt LLP (Nominated Adviser and Broker)
Edward Knight
Edward Allsopp
Nick Prowting
 


020 7418 8900




Website


www.gbgplc.com



 




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