REG - The Gym Group plc - Grant of SAYE Options and Director Dealing

GYMAnnouncement

24/10/2019 17:20

RNS Number : 0859R
The Gym Group plc
24 October 2019
 


24 October 2019
 
The Gym Group plc
Grant of SAYE Options and Notification of transaction by Director
The Gym Group plc ("the Company" or "TGG") is pleased to announce that it has launched a Save As You Earn Scheme (the "SAYE" Scheme) for all eligible employees.
 
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 £2.02 per Ordinary Share in accordance with the terms of the SAYE Scheme. The Options were issued on 24 October 2019 and will normally be exercisable from 1 December 2022 for six months.
 
119 employees have elected to participate in the 2019 SAYE Scheme and as a result Options over a total of 236,295 Ordinary Shares have been granted in respect of the 2019 SAYE Scheme, representing 0.17% of the Company's issued share capital.
 
The following Persons Discharging Managerial Responsibilities ("PDMRs") have chosen to participate in the 2019 SAYE Scheme:
 



Name


Director/PDMR


Number of Ordinary Shares under Option




Mark George


Director
 


8,910



 
For further information, please contact:
 



The Gym Group


Tel: 07809 456 900



 
The relevant notification set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
 



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




2.


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 options under the Save As You Earn Scheme
 
 




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


8,910








d)


Aggregated information
Aggregated volume
Price


 
N/A (single transaction)




e)


Date of the transaction


24/10/2019




f)


Place of the transaction


Award of the shares occurred outside a trading venue



 
 
 




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