14 July 2023
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 it has granted awards over ordinary shares of 2.5p each in the Company (Ordinary Shares) under the Performance Share Plan to Chris Clark and David Ward.
The awards are set out in the table below. The awards reflect the maximum number of Ordinary Shares over which the awards may be exercised. The actual number will depend upon the extent that the performance conditions are met. The awards are subject to adjustment, malus and clawback, and a 2 year holding period.
| Name of Executive Director
| Performance Period of Award
| Maximum number of shares subject to award
| Price payable
|
| Chris Clark | 1 April 2023 - 31 March 2026 | 390,421 | Nominal Value (2.5p per share) |
| David Ward | 1 April 2023 - 31 March 2026 | 225,804 | Nominal Value (2.5p per share) |
The information below (set out in accordance with the requirements of the UK Market Abuse Regulation) provides further detail:
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
| a. | Name | 1. Chris Clark 2. David Ward
| |||||||||
| 2. | Reason for the notification | ||||||||||
| a. | Position/status | 1. Chief Executive Officer 2. Chief Finance Officer | |||||||||
| 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 Performance Share Plan | |||||||||
| c. | Price(s) and volume(s) |
| |||||||||
| d. | Aggregated information Aggregated volume Price |
| |||||||||
| e. | Date of the transaction | 26 June 2023 | |||||||||
| f. | Place of the transaction | Outside of a trading venue | |||||||||
- 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
|
| Website | www.gbgplc.com/investors |
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