The Gym Group plc
("Gym Group" or the "Company")
Grant of Share Awards
In accordance with the Company's Directors' Remuneration Policy, on 10 July 2024, awards under The Gym Group plc Incentive Plan (the "TGG Incentive Plan") and The Gym Group Deferred Share Bonus Plan (the "Deferred Bonus Plan") have been granted to the Directors/PDMRs of the Company set out in the table below over 1,225,558 ordinary shares of £0.01 each.
| Director/PDMR | Number of ordinary shares subject to TGG Incentive Plan | Number of ordinary shares subject to Deferred Bonus Plan |
| Will Orr | 686,878 | 9,488 |
| Luke Tait | 509,098 | 20,094 |
TGG Incentive Plan
The awards represent the share element of the TGG Incentive Plan for 2024, equivalent to 65% of the maximum opportunity for Executive Directors (275% of salary). Together with the cash element (35% of the maximum opportunity), the awards are subject to financial and non-financial performance targets set by the Company for 2024. The awards are granted under the rules of the TGG Incentive Plan and vest after three years subject to the satisfaction of these performance targets and the continued employment of the holder at the date of vesting. The exercise of vested awards for the holders listed above is subject to a two year holding period.
Deferred Bonus Plan
The awards represent the deferred element of the 2023 annual bonus, as set out in the 2023 Annual Report & Accounts. The Awards are granted under the rules of the Deferred Bonus Plan and vest after two years subject to the continued employment of the holder at the date of vesting.
The Company has today instructed the trustees of the Company's employee benefit trust to purchase c.1.5m shares in the capital of the Company on the market to satisfy future share option exercises.
For further information please contact:
| The Gym Group plc |
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| Will Orr, CEO Luke Tait, CFO Krishan Pandit, Company Secretary
| | ||
| | | ||
| Instinctif Partners (Financial PR)
Justine Warren Matthew Smallwood Joe Quinlan | Tel: +44 (0)20 7457 2020 |
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
| 1 | Details of the person discharging managerial responsibilities / person closely associate | ||||||||||
| a) | Name | Will Orr | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | Chief Executive Officer | |||||||||
| b) | Initial notification /Amendment | Initial notification | |||||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
| a) | Name | The Gym Group plc | |||||||||
| b) | LEI | 213800VCU9TBANZIN455 | |||||||||
| 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
| Ordinary shares of 1 pence each
| |||||||||
| Identification code | ISIN: GB00BZBX0P70 | ||||||||||
| b)
| Nature of the transaction | i) Grant of share awards under The Gym Group plc Incentive Plan ii) Grant of share awards under The Gym Group Deferred Share Bonus Plan | |||||||||
| c)
| Price(s) and volume(s) |
| |||||||||
| d) | Aggregated Information - Aggregate volume - Price |
| |||||||||
| e) | Date of transaction | 10 July 2024 | |||||||||
| f) | Place of transaction | Outside a trading venue | |||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associate | ||||||||||
| a) | Name | Luke Tait | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | Chief Financial Officer | |||||||||
| b)
| Initial notification /Amendment | Initial notification | |||||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
| a) | Name | The Gym Group plc | |||||||||
| b) | LEI | 213800VCU9TBANZIN455 | |||||||||
| 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 | Ordinary shares of 1 pence each
| |||||||||
| Identification code | ISIN: GB00BZBX0P70 | ||||||||||
| b)
| Nature of the transaction | i) Grant of share awards under The Gym Group plc Incentive Plan ii) Grant of share awards under The Gym Group Deferred Share Bonus Plan | |||||||||
| c)
| Price(s) and volume(s) |
| |||||||||
| d) | Aggregated Information - Aggregate volume - Price |
| |||||||||
| e) | Date of transaction | 10 July 2024 | |||||||||
| f) | Place of transaction | Outside a trading venue | |||||||||
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