REG - GB Group PLC - Notification of Directors' Interests

GBAnnouncement

23/09/2019 16:15

RNS Number : 3493N
GB Group PLC
23 September 2019
 


 
 







23 September 2019



 
GB GROUP PLC
("GBG" or the "Company")
 
Notification of Directors' Interests
 
 
The Company announces that Chris Clark, Chief Executive Officer, on Friday 20 September notified the Company that he exercised options over 200,000 ordinary shares of 2.5 pence each in the Company ("Ordinary Shares") at an exercise price of 2.5 pence per Ordinary Share.
 
The exercise was in respect of the second tranche of Mr Clark's compensatory options which were awarded upon taking up his appointment as CEO in 2017 and which vested on 1 April 2019.
 
Mr Clark subsequently sold 110,100 of the resulting Ordinary Shares at an average price of 586 pence per share on the same day in order to meet the exercise costs and associated tax liabilities.
 
Following this notification, Mr Clark has a beneficial holding of 273,050 Ordinary Shares (which represents 0.14% of the issued share capital of the Company) and continues to have options over a maximum of 1,128,853 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


Chris Clark




2.         


Reason for the notification




a.         


Position/status


CEO




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


Exercise of options




c.         


Price(s) and volume(s)





 Price(s)
 


Volume(s)




2.5p


200,000








d.         


Aggregated information
Aggregated volume
Price
 


 
 
200,000
2.5p




e.         


Date of the transaction


20 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 following exercise of options




c.         


Price(s) and volume(s)





 Price(s)
 


Volume(s)




568.25


60,100




568.00


50,000








d.         


Aggregated information
Aggregated volume
Price
 


 
 
110,100
568.14p




e.         


Date of the transaction


20 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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