GB GROUP PLC — Director's Dealing 2021

Jul 30, 2021

National Storage Mechanism | Additional information

RNS Number : 0836H

GB Group PLC

30 July 2021

	30 July 2021

GB GROUP PLC

("GBG" or the "Company")

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

The Company announces that on 29 July 2021, Chris Clark and Nick Brown (CEO and Group Managing Director, respectively) exercised options over a total of 423,001 ordinary shares of 2.5 pence each in the Company ("Ordinary Shares").

They also sold a total of 347,777 Ordinary Shares on the same day, retaining the balance of shares arising from the exercises in their respective holdings.

The details of the transactions are as follows:

·      Chris Clark (CEO) exercised options over:

(i)       236,066 ordinary shares of 2.5 pence each in the Company ("Ordinary Shares") at an exercise price of 293 pence per Ordinary Share. The exercise was in respect of the second tranche of Mr Clark's incentive options which were awarded upon taking up his appointment as CEO in 2017 and which vested in June 2021; and

(ii)      94,746 Ordinary Shares awarded in February 2019 under GBG's Share Match Scheme at an exercise price of 2.5 pence per Ordinary Share.

He sold a total of 296,990 of the vested Ordinary Shares under the option at a price of 850 pence per share on 29 July 2021.

·      Nick Brown (Group Managing Director) exercised an option over 92,189 Ordinary Shares awarded in February 2019 under GBG's Share Match Scheme at an exercise price of the options was 2.5 pence per Ordinary Share. He sold 50,787 of the vested Ordinary Shares under the option at a price of 850 pence per share on 29 July 2021.

Following this notification:

·      Mr Clark has a beneficial holding of 312,423 Ordinary Shares (which represents 0.16% of the issued share capital of the Company) and continues to have options over a maximum of 935,400.

·      Mr Brown has a beneficial holding of 636,707 Ordinary Shares (which represents 0.32% of the issued share capital of the Company) and continues to have options over a maximum of 423,801.

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.   Chris Clark

3.   Nick Brown

2.         

Reason for the notification

a.         

Position/status

1.   CEO

2.   CEO

3.   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

b.         

Nature of the transaction

Acquisition of Ordinary Shares following the exercise of options.

c.         

Price(s) and volume(s)

	Price(s)	Volume(s)
1	293p	236,066
2	2.5p	94,746
3	2.5p	92,189

d.         

Aggregated information

· Aggregated volume

· Price

	Price(s)	Volume(s)
1	293p	236,066
2	2.5p	94,746
3	2.5p	92,189

e.         

Date of the transaction

29 July 2021

f.         

Place of the transaction

London Stock Exchange (XLON); AIM

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)
1	850p	202,244
2	850p	94,746
3	850p	50,787

d.         

Aggregated information

· Aggregated volume

· Price

	Price(s)	Volume(s)
1	850p	202,244
2	850p	94,746
3	850p	50,787

e.         

Date of the transaction

29 July 2021

f.         

Place of the transaction

London Stock Exchange (XLON); AIM

- Ends-

For further information, please contact:

GB Group plc Annabelle  Burton, Company Secretary	01244 657333
Peel Hunt LLP (Nominated Adviser and Broker) Edward Knight, Paul Gillam & James Smith	020 7418 8900
Website	www.gbgplc.com

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