Gym Group PLC (The) - Director/PDMR Shareholding

GYM

13/03/2025 13:00

RNS Number : 5970A

Gym Group PLC (The)

13 March 2025

 

13 March 2025

 

 

The Gym Group plc

 

("TGG" or the "Company")

 

Grant of Share Awards under The Gym Group plc Incentive Plan and

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMR")

 

In accordance with the Company's Directors' Remuneration Policy, on 13 March 2025, awards under The Gym Group plc Incentive Plan (the "TGG Incentive Plan") have been granted to the Company's Directors/PDMRs as set out in the table below, over 1,032,770 ordinary shares of 1 pence each.

 

Director/PDMR
Number of ordinary shares subject to TGG Incentive Plan
Will Orr
593,145
Luke Tait
439,625

 

The awards represent the share element of the TGG Incentive Plan for 2025, equivalent to 65% of the maximum opportunity for Executive Directors (275% of salary). Together with the cash element (35% of the maximum opportunity), the awards are subject to financial and non-financial performance targets set by the Company for 2025. The awards are granted under the rules of the TGG Incentive Plan and vest after three years subject to the satisfaction of these performance targets and the continued employment of the holder at the date of vesting. The exercise of vested awards for the holders listed above is subject to an additional two year holding period.

 

The Company has instructed the trustees of the Company's employee benefit trust to purchase ordinary shares in the capital of the Company on the market, up to the value of £2m, to satisfy future share option exercises.

For further information please contact:

The Gym Group plc
via Instinctif Partners
Will Orr, CEO
Luke Tait, CFO
Camille Skerritt, Company Secretary
Instinctif Partners (Financial PR)
Justine Warren
Tim Pearson
Tel: +44 (0)20 7457 2020

               

The notifications set out below are provided in accordance with the requirements of the UK Market Abuse Regulation.

1
Details of the person discharging managerial responsibilities / person closely associate
a)
Name
Will Orr
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, type of instrument
Ordinary shares of 1 pence each
Identification code
GYM
ISIN: GB00BZBX0P70
SEDOL: BZBX0P7
b)
Nature of the transaction
Grant of share awards under the TGG Incentive Plan
c)
Price(s) and volume(s)
Price per share
Volume
1 pence
593,145
d)
Aggregated Information
- Aggregate volume
- Price
Price
Aggregate volume
1 pence
593,145
e)
Date of transaction
13 March 2025
f)
Place of transaction
Outside a trading venue

 

 

1
Details of the person discharging managerial responsibilities / person closely associate
a)
Name
Luke Tait
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, type of instrument
Ordinary shares of 1 pence each
Identification code
GYM
ISIN: GB00BZBX0P70
SEDOL: BZBX0P7
b)
Nature of the transaction
Grant of share awards under the TGG Incentive Plan
c)
Price(s) and volume(s)
Price per share
Volume
1 pence
439,625
d)
Aggregated Information
- Aggregate volume
- Price
Price
Aggregate volume
1 pence
439,625
e)
Date of transaction
13 March 2025
f)
Place of transaction
Outside a trading venue

 

In addition to the grant of share awards to the Company's Executive Directors disclosed above, Non-Executive Director, Richard Stables, has separately acquired shares on his own account, on the London Stock Exchange.

1
Details of the PDMR
a)
Name
Richard Stables
2
Reason for the notification
a)
Position/status
Non-Executive Director
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, type of instrument
Ordinary Shares of 1 pence each
Identification code
GYM
ISIN: GB00BZBX0P70
SEDOL: BZBX0P7
b)
Nature of the transaction
Acquisition of shares
c)
Price(s) and volume(s)
Price per share
Volume
£1.33672
25,000
d)
Aggregated information
- Aggregated volume
25,000
- Price
£33,418.00
e)
Date of the transaction
13 March 2025
f)
Place of the transaction
London Stock Exchange

 

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