GB GROUP PLC — Director's Dealing 2019

Sep 23, 2019

National Storage Mechanism | Additional information

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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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END

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