GB GROUP PLC — Remuneration Information 2018

Feb 5, 2018

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RNS Number : 9664D

GB Group PLC

05 February 2018

	5 February 2018

GB GROUP PLC

("GBG" or "the Company")

Notification of Director's Interest

The Board of GBG announces that the investment of the executive directors in acquiring shares in the Company in 2017 was carried out under the Bonus Deferral and Share Matching Plan of the Company. Accordingly, subject to the conditions outlined below, the investment of the executive directors has been matched, grossed up for income taxes, to 2.0x the investment made.

The conditional matching awards to the executive directors are set out in the table below.  The figures reflect the maximum number of matched shares over which the option might be exercised. The actual number will depend upon the extent to which the established performance conditions are satisfied over the performance period.

Name	Performance Period Award	Maximum Matching on Exercise	Price Payable
David Wilson, Group Finance & Operations Director	1 April 2017 to 31 March 2020	113,208 shares	Nominal Value (2.5p)
Nick Brown, Managing Director	1 April 2017 to 31 March 2020	119,917 shares	Nominal Value (2.5p)

Following this announcement:

(i) Dave Wilson has:

·      a beneficial holding of 239,725 Ordinary Shares (which represents 0.16% of the issued share capital of the Company); and

·      options over a maximum of 777,636 Ordinary Shares.

(ii) Nick Brown has:

·      a beneficial holding of 970,807 Ordinary Shares (which represents 0.64% of the issued share capital of the Company); and

·      options over a maximum of 591,823 Ordinary Shares .

A summary of the rules of the Bonus Deferral and Share Matching Plan is as follows:

The Company announced in November 2011 that following consultation with its major shareholders, the Remuneration Committee of the Board had approved the establishment of a salary sacrifice, bonus deferral and share matching plan whereby the executive directors and certain senior managers will have the opportunity to elect to invest up to 20% of their annual salary and up to 80% of their annual bonus in ordinary shares. Subject to continued employment, the retention of these shares and the meeting of a demanding financial performance target, the investment will be matched on a gross basis by matching shares, in the form of options with a nominal value exercise price, which will, subject to these conditions, vest after three years.

1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Dave Wilson

2.

Reason for the notification

a.

Position/status

Group Finance & Operations 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

Ordinary shares of 2.5 pence

GB0006870611

b.

Nature of the transaction

Grant of options under share matching plan

c.

Price(s) and volume(s)

Price(s)	Volume(s)
2.5p	113,208

d.

Aggregated information

· Aggregated volume

· Price

113,208

2.5p

e.

Date of the transaction

05 February 2018

f.

Place of the transaction

London Stock Exchange (XLON); AIM

1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Nick Brown

2.

Reason for the notification

a.

Position/status

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

Ordinary shares of 2.5 pence

GB0006870611

b.

Nature of the transaction

Grant of options under share matching plan

c.

Price(s) and volume(s)

Price(s)	Volume(s)
2.5p	119,917

d.

Aggregated information

· Aggregated volume

· Price

119,917

2.5p

e.

Date of the transaction

05 February 2018

f.

Place of the transaction

London Stock Exchange (XLON); AIM

- Ends-

For further information, please contact:

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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