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Gym Group PLC (The) (GYM)

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Thursday 25 March, 2021

Gym Group PLC (The)

Director/PDMR Shareholding

RNS Number : 5454T
Gym Group PLC (The)
25 March 2021
 

25 March 2021

 

The Gym Group plc

("the Company")

Notification of transactions by Directors/PDMRs

The Gym Group plc announces that on 25 March 2021, awards over ordinary shares of 0.01p each in the capital of the Company ("Shares") were made under the terms of The Gym Group plc Performance Share Plan ("PSP") to directors and other persons discharging managerial responsibility ("PDMRs") as follows:

Name

Director/PDMR

Number of Shares under award

Richard Darwin

 

Director

230,421

 

Mark George

Director

 

168,975

 

 

The awards represent 0.01p par value options which, to the extent that the awards vest, provide for Shares to be delivered to the individuals for 0.01p consideration per Share. Vesting of the awards is subject to the satisfaction of certain performance conditions (as set out in the Company's 2020 annual report).

 

In normal circumstances, the above awards will not vest until the third anniversary of the award date. Any awards made to directors will also be subject to a two year holding period.

 

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.

 

1.

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

a)

Name

1.  Richard Darwin

2.  Mark George

2.

Reason for the notification

a)

Position / status

1.  Chief Executive Officer

2.  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

2.

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

Ordinary Shares of 0.01p each

ISIN: GB00BZBX0P70

 

b)

Nature of the transaction

Awards over shares granted pursuant to The Gym Group Performance Share Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.  Nil consideration

 

2.  Nil consideration

1.  230,421

 

2.  168,975

 

d)

Aggregated information

Aggregated volume

Price

 

N/A (single transaction)

e)

Date of the transaction

25 March 2021

f)

Place of the transaction

Outside a trading venue

 

 

For further information, please contact:

 

The Gym Group:

Richard Darwin, CEO

Mark George, CFO

 

via Tulchan Communications

Tulchan Communications:

James Macey White

Elizabeth Snow

Laura Marshall

 

+44 (0) 207 353 4200

 

 

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