GB GROUP PLC — Director's Dealing 2020

Dec 18, 2020

National Storage Mechanism | Additional information

RNS Number : 2313J

GB Group PLC

18 December 2020

	18 December 2020

GB GROUP PLC

("GBG" or the "Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR")

The Board of GBG announces that the purchases of ordinary shares of 2.5p each in the Company ("Ordinary Shares") made by the Executive Directors on 15 December 2020 were carried out in accordance with the Bonus Deferral and Share Matching Plan ("the Plan") of the Company.

Accordingly, subject to the conditions outlined below and pursuant to the Plan rules, the Executive Directors' purchases have been matched today, 18 December 2020, with an award of options over Ordinary Shares ("Conditional Matching Option Awards").

The Conditional Matching Option Awards granted to the Executive Directors are set out in the table below. The awards reflect the maximum number of Ordinary Shares over which the option awards may be exercised. The actual number will depend upon the extent that the performance conditions of the award are met.

Name	Performance Period Award	Maximum Number of Conditional Matching Option Awards	Price Payable
Chris Clark	1 April 2020 to 31 March 2023	173,267 Ordinary Shares	Nominal Value (2.5p)
David Wilson	1 April 2020 to 31 March 2023	89,062 Ordinary Shares	Nominal Value (2.5p)
Nick Brown	1 April 2020 to 31 March 2023	89,864 Ordinary Shares	Nominal Value (2.5p)

Following this announcement, the Executive Directors hold options over a maximum number of shares as follows:

Name	Number of Ordinary Shares
Chris Clark	1,174,923
David Wilson	339,667
Nick Brown	337,961

The award is subject to adjustment, malus & clawback (as set out in Group's policy) and the rules of the plan. A summary of the rules of the Plan is as follows:

·      Participants may purchase shares up to a maximum aggregate value of 80% of the amount of their bonus and/or 20% of their annual salary ('Investment Shares'). All of these amounts are net of the employee's national insurance and income tax paid. In consideration, the Company grants an option to allot a number of matching shares in proportion to the Investment Shares acquired on a grossed up for income tax basis. Matching shares awarded are capped at up to three times the number of Investment Shares purchased by the participant and vesting is subject to performance conditions.

·      For this award, a 2.25x matching rate was applied to the Investment Shares of the Executive Directors. Vesting of the options is subject to the Executive Directors' continued employment, the retention of these shares together with achieving certain financial performance and total shareholder return targets as measured over the three financial years commencing on 1 April 2020.

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

1. Chris Clark

2. Dave Wilson

3. Nick Brown

2.         

Reason for the notification

a.         

Position/status

1. Chief Executive Officer

2. CFO & COO

3. Group Managing Director

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

Options over Ordinary shares of 2.5 pence

GB0006870611

b.         

Nature of the transaction

Grant of options under the Bonus Deferral and Share Matching Plan

c.         

Price(s) and volume(s)

	Price(p)	Volume
1	2.5	173,267
2	2.5	89,062
3	2.5	89,864

d.         

Aggregated information

Aggregated volume

Price

	Price(p)	Volume
1	2.5	173,267
2	2.5	89,062
3	2.5	89,864

e.         

Date of the transaction

18 December 2020

f.         

Place of the transaction

Outside of a trading venue

- Ends-

For further information, please contact:

GB Group plc John Constantin, Company Secretary	01244 657333
Peel Hunt LLP (Nominated Adviser and Broker) Edward Knight, Paul Gillam & Nick Prowting	020 7418 8900
Website	www.gbgplc.com

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