Grant of SAYE Options and Director Dealing

Gym Group PLC (The)
18 October 2023
 

18 October 2023

 

The Gym Group plc

(the "Company")

Grant of options under the Company's Save As You Earn Scheme and Notification of transactions by Directors

 

The Company is pleased to announce that it has launched the 2023 Save As You Earn Scheme (the "2023 SAYE Scheme") for all eligible employees.

 

Eligible employees were invited to subscribe for options ("Options") over the Company's ordinary shares of 0.01 pence each ("Ordinary Shares") which have been granted at an exercise price of £0.95 per Ordinary Share in accordance with the terms of the 2023 SAYE Scheme. The Options were granted on 18 October 2023 and will normally be exercisable from 1 December 2026 for six months.

 

103 employees have elected to participate in the 2023 SAYE Scheme and as a result Options over a total of 546,376 Ordinary Shares have been granted in respect of the 2023 SAYE Scheme, representing 0.31% of the Company's issued share capital.

 

The following Person Discharging Managerial Responsibilities ("PDMRs") has chosen to participate in the 2023 SAYE Scheme:

 

Name

Director/PDMR

Number of Ordinary Shares under Option

Luke Tait

 

Director

19,526

 

 

The Gym Group:

John Treharne, Chair of the Board

Will Orr, CEO

Luke Tait, CFO

Katharine Wynne, Investor Relations

 

via Instinctif Partners

Instinctif Partners (Financial PR):

Justine Warren

Matthew Smallwood

Joe Quinlan 

Tel: +44 (0)20 7457 2020

 

 

Details of PDMR / person closely associated with them ("PCA")

Name

Luke Tait

 

Reason for the notification

Position / status

Chief Financial Officer

 

Initial notification / amendment

Initial Notification

 

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

The Gym Group plc

 

LEI

213800VCU9TBANZIN455

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

Description of the financial instrument

Ordinary Shares of 0.01p each

ISIN: GB00BZBX0P70

Nature of the transaction

Grant of an Option under the 2023 Save As You Earn Scheme

 

 

Price(s) and volume(s)

Price(s)

Volume(s)

£0.95

19,526

Aggregated information

Aggregated volume

Price

 

N/A (single transaction)

Date of the transaction

18/10/2023

Place of the transaction

Award occurred outside a trading venue

 

 

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END
 
 
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