GB GROUP PLC — Director's Dealing 2022

Jul 12, 2022

National Storage Mechanism | Additional information

RNS Number : 2302S

GB Group PLC

12 July 2022

	12 July 2022

GB GROUP PLC

("GBG" or the "Company")

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

The Company announces that on 11 July 2022, Chris Clark, David Ward and Nick Brown (CEO, CFO and Group Managing Director, respectively) exercised options over a total of 286,000 ordinary shares of 2.5 pence each in the Company ("Ordinary Shares").

To cover the exercise costs and associated taxes they sold a total of 193,750 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)       101,333 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 third tranche of Mr Clark's incentive options which were awarded upon taking up his appointment as CEO in 2017 and which vested in June 2022; and

(ii)      84,413 ordinary Shares awarded in September 2019 under GBG's Share Match Scheme at an exercise price of 2.5 pence per Ordinary Share.

To cover the exercise costs and associated taxes he sold a total of 135,996 of the vested Ordinary Shares under the option at a price of 432.5 pence per share on 11 July 2022.

·      David Ward (CFO) exercised an option over 50,000 Ordinary Shares at an exercise price of 2.5 pence per Ordinary Share.  This exercise was in respect of the first tranche of options awarded upon taking up his appointment as CFO in May 2021 and which vested in June 2022. To cover the exercise costs and associated taxes he sold 29,000 of the vested Ordinary Shares under the option at a price of 432.5 pence per share on 11 July 2022.

·      Nick Brown (Group Managing Director) exercised an option over 50,254 Ordinary Shares awarded in September 2019 under GBG's Share Match Scheme at an exercise price of 2.5 pence per Ordinary Share. To cover the exercise costs and associated taxes he sold 28,754 of the vested Ordinary Shares under the option at a price of 432.5 pence per share on 11 July 2022.

Following this notification:

·      Mr Clark has a beneficial holding of 362,173 Ordinary Shares (which represents 0.14% of the issued share capital of the Company) and has options over a maximum of 395,931.

·      Mr Ward has a beneficial holding of 55,000 Ordinary Shares (which represents 0.02% of the issued share capital of the Company) and has options over a maximum of 118,442.

·      Mr Brown has a beneficial holding of 670,595 Ordinary Shares (which represents 0.272% of the issued share capital of the Company) and has options over a maximum of 298,425.

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.   David Ward

4.   Nick Brown

2.         

Reason for the notification

a.         

Position/status

1.   CEO

2.   CEO

3.   CFO

4.   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	101,333
2	2.5p	84,413
3	2.5p	50,000
4	2.5p	50,254

d.         

Aggregated information

Aggregated volume

Price

	Price(s)	Volume(s)
1	293p	101,333
2	2.5p	84,413
3	2.5p	50,000
4	2.5p	50,254

e.         

Date of the transaction

11 July 2022

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	432.5027p	87,750
2	432.5027p	48,246
3	432.5027p	29,000
4	432.5027p	28,754

d.         

Aggregated information

Aggregated volume

Price

	Price(s)	Volume(s)
1	432.5027p	87,750
2	432.5027p	48,246
3	432.5027p	29,000
4	432.5027p	28,754

e.         

Date of the transaction

11 July 2022

f.         

Place of the transaction

London Stock Exchange (XLON); AIM

- Ends-

For further information, please contact:

GBG Annabelle Burton, Company Secretary Richard Foster, Investor Relations	+44 (0) 1244 657333 +44 (0) 7816 124164
Numis (Nominated Adviser and Corporate Broker) Simon Willis & Joshua Hughes	+44 (0) 0207 260 1000
Barclays (Corporate Broker) Stuart Jempson & Anusuya Nayar Gupta	+44 (0) 0207 029 8000
Tulchan Communications LLP (Financial PR) James Macey White & Matt Low	+44 (0) 20 7353 4200 GBG@tulchangroup.com
Website	www.gbgplc.com/investors

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHGPUQWMUPPGAP