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Gym Group PLC (The) (GYM)

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Wednesday 21 October, 2020

Gym Group PLC (The)

Grant of SAYE Options and Director Dealing

RNS Number : 8287C
Gym Group PLC (The)
21 October 2020
 

21 October 2020

 

The Gym Group plc

Grant of SAYE Options and Notification of transactions by Directors

The Gym Group plc ("the Company" or "TGG") is pleased to announce that it has launched the 2020 Save As You Earn Scheme (the "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 £1.08 per Ordinary Share in accordance with the terms of the SAYE Scheme. The Options were issued on 21 October 2020 and will normally be exercisable from 1 December 2023 for six months.

 

130 employees have elected to participate in the 2020 SAYE Scheme and as a result Options over a total of 694,940 Ordinary Shares have been granted in respect of the 2020 SAYE Scheme, representing 0.42% of the Company's issued share capital.

 

The following Persons Discharging Managerial Responsibilities ("PDMRs") have chosen to participate in the 2020 SAYE Scheme:

 

Name

Director/PDMR

Number of Ordinary Shares under Option

Richard Darwin

 

Director

16,666

Mark George

Director

 

16,666

 

In addition, in order to participate in the 2020 SAYE Scheme, Mark George has elected to cancel his participation in the 2019 SAYE Scheme, resulting in the lapse of the option originally granted to him on 24 October 2019 with an exercise price of £2.02 per Ordinary Share. The option would normally have become exercisable on 1 December 2022 over 8,910 Ordinary Shares.

 

For further information, please contact

The Gym Group

Richard Darwin, CEO

Mark George, CFO

Katy Tucker, Company Secretary

 

 

via Instinctif Partners



Instinctif Partners

Matthew Smallwood

Justine Warren

020 7457 2020

 

 

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

Richard Darwin

 

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

Ordinary Shares of 0.01p each

ISIN: GB00BZBX0P70

b)

Nature of the transaction

Grant of an Option under the 2020 Save As You Earn Scheme

 

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

16,666

d)

Aggregated information

Aggregated volume

Price

 

N/A (single transaction)

e)

Date of the transaction

21/10/2020

f)

Place of the transaction

Award occurred outside a trading venue

 

 

1.

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

a)

Name

Mark George

 

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

Ordinary Shares of 0.01p each

ISIN: GB00BZBX0P70

b)

Nature of the transaction

Grant of an Option under the 2020 Save As You Earn Scheme

 

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

16,666

d)

Aggregated information

Aggregated volume

Price

 

N/A (single transaction)

e)

Date of the transaction

21/10/2020

f)

Place of the transaction

Award occurred outside a trading venue

 

 

1.

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

a)

Name

Mark George

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

Ordinary Shares of 0.01p each

ISIN: GB00BZBX0P70

b)

Nature of the transaction

Cancellation of participation under the 2019 Save As You Earn Scheme and discontinuation of the related monthly contributions, resulting in lapse of the option granted on 24 October 2019 with an exercise price of £2.02 pence per Ordinary Share.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

8,910

d)

Aggregated information

Aggregated volume

Price

 

N/A (single transaction)

e)

Date of the transaction

21/10/2020

f)

Place of the transaction

Cancellation occurred outside a trading venue

 

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