REG - Gym Group PLC (The) - Director/PDMR Shareholding

GYMAnnouncement

13/03/2025 13:00

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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)      Tel: +44 (0)20 7457 2020

 Justine Warren

 Tim Pearson

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
                                                                   1pence          593,145

 
 d)   Aggregated Information

Price    Aggregate volume
      - Aggregate volume                                           1pence  593,145

      - Price
 
 e)   Date of transaction                                          13 March 2025
 f)   Place of transaction                                         Outside a trading venue

 

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
                                                                   1pence          439,625

 
 d)   Aggregated Information

Price    Aggregate volume
      - Aggregate volume                                           1pence  439,625

      - Price
 
 e)   Date of transaction                                          13 March 2025
 f)   Place of transaction                                         Outside a trading venue

 

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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