13 March 2025
The Gym Group plc
("TGG" or the "Company")
Grant of Share Awards under The Gym Group plc Incentive Plan and
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMR")
In accordance with the Company's Directors' Remuneration Policy, on 13 March 2025, awards under The Gym Group plc Incentive Plan (the "TGG Incentive Plan") have been granted to the Company's Directors/PDMRs as set out in the table below, over 1,032,770 ordinary shares of 1 pence each.
| Director/PDMR | Number of ordinary shares subject to TGG Incentive Plan |
| Will Orr | 593,145 |
| Luke Tait | 439,625 |
The awards represent the share element of the TGG Incentive Plan for 2025, 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 2025. 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 an additional two year holding period.
The Company has instructed the trustees of the Company's employee benefit trust to purchase ordinary shares in the capital of the Company on the market, up to the value of £2m, to satisfy future share option exercises.
For further information please contact:
| The Gym Group plc |
| ||
| Will Orr, CEO Luke Tait, CFO Camille Skerritt, Company Secretary
| | ||
| | | ||
| Instinctif Partners (Financial PR) Justine Warren Tim Pearson
| Tel: +44 (0)20 7457 2020 |
The notifications set out below are provided in accordance with the requirements of the UK 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 | GYM ISIN: GB00BZBX0P70 SEDOL: BZBX0P7 | |||||
| b)
| Nature of the transaction | Grant of share awards under the TGG Incentive Plan
| ||||
| c)
| Price(s) and volume(s) |
| ||||
| d) | Aggregated Information - Aggregate volume - Price |
| ||||
| e) | Date of transaction | 13 March 2025 | ||||
| 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 | GYM ISIN: GB00BZBX0P70 SEDOL: BZBX0P7 | |||||
| b)
| Nature of the transaction | Grant of share awards under the TGG Incentive Plan
| ||||
| c)
| Price(s) and volume(s) |
| ||||
| d) | Aggregated Information - Aggregate volume - Price |
| ||||
| e) | Date of transaction | 13 March 2025 | ||||
| f) | Place of transaction | Outside a trading venue | ||||
In addition to the grant of share awards to the Company's Executive Directors disclosed above, Non-Executive Director, Richard Stables, has separately acquired shares on his own account, on the London Stock Exchange.
| 1
| Details of the PDMR | |||||
| a)
| Name
| Richard Stables | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Non-Executive Director | ||||
| 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 | GYM ISIN: GB00BZBX0P70 SEDOL: BZBX0P7 | |||||
| | | |||||
| b)
| Nature of the transaction
| Acquisition of shares | ||||
| c)
| Price(s) and volume(s) | | | | | |
| | | | Price per share | Volume | | |
| | | | £1.33672 | 25,000 | | |
| | | | | | | |
| d)
| Aggregated information | | ||||
| | | | | |||
| - Aggregated volume | | 25,000 | | | ||
| |
|
|
|
| ||
| - Price | | £33,418.00 | | | ||
| | | | | | ||
| e)
| Date of the transaction
| 13 March 2025 | ||||
| f)
| Place of the transaction
| London Stock Exchange | ||||
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.