RNS Number : 2248U

GB Group PLC

27 March 2019

27 March 2019

GB GROUP PLC

("GBG" or the "Company")

Notification of Directors' Interests

The Company announces that, on 27 March 2019, executive directors Chris Clark (CEO), Dave Wilson (CFO & COO) and Nick Brown (Managing Director), exercised options over ordinary shares of 2.5 pence each in the Company ("Ordinary Shares") at an exercise price of 2.5 pence per Ordinary Share. Chris Clark's compensatory options were awarded upon taking up his appointment as CEO in 2017 and would otherwise have expired on 1 April 2019. Dave Wilson and Nick Brown's options were awarded in 2015 under GBG's Bonus Deferral and Share Matching Plan and would otherwise have expired on 5 June 2019.

The same executive directors subsequently sold a proportion of the resulting Ordinary Shares at a price of 483 pence per share on the same day in order to meet the exercise costs and associated tax liabilities. Details of the transactions and resultant shareholdings by individual are as follows:

Name	Role	Options exercised	Ordinary Shares sold	Resultant shareholding	% of issued share capital
Chris Clark	CEO	200,000	110,500	128,524	0.07%
Dave Wilson	CFO & COO	156,683	86,683	354,337	0.18%
Nick Brown	Managing Director	156,683	86,683	992,196	0.52%

1.         

Details of the person discharging managerial responsibilities / person closely associated

a.         

Name

1.   Chris Clark

2.   Dave Wilson

3.   Nick Brown

2.         

Reason for the notification

a.         

Position/status

1.   CEO

2.   CFO & COO

3.   Managing Director

b.         

Initial notification

/Amendment

Initial notification

3.         

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

a.         

Name

GB Group plc

b.         

LEI

213800RBAFZIBCV7XR29

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

Identification code

Ordinary shares of 2.5 pence

GB0006870611

b.         

Nature of the transaction

Acquisition of Ordinary Shares following the exercise of options.

c.         

Price(s) and volume(s)

	Price(s)	Volume(s)
1	2.5p	200,000
2	2.5p	156,683
3	2.5p	156,683

d.         

Aggregated information

· Aggregated volume

· Price

	Price(s)	Volume(s)
1	2.5p	200,000
2	2.5p	156,683
3	2.5p	156,683

e.         

Date of the transaction

27 March 2019

f.         

Place of the transaction

Outside a trading venue

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

Identification code

Ordinary shares of 2.5 pence

GB0006870611

b.         

Nature of the transaction

Sale of Ordinary Shares following exercise of options.

c.         

Price(s) and volume(s)

	Price(s)	Volume(s)
1	483p	110,500
2	483p	86,683
3	483p	86,683

d.         

Aggregated information

· Aggregated volume

· Price

	Price(s)	Volume(s)
1	483p	110,500
2	483p	86,683
3	483p	86,683

e.         

Date of the transaction

27 March 2019

f.         

Place of the transaction

London Stock Exchange (XLON); AIM

- Ends-

For further information, please contact:

GB Group plc John Constantin, Company Secretary	01244 657333
Peel Hunt LLP (Nominated Adviser and Broker) Edward Knight Peter Stewart Nick Prowting	020 7418 8900
Website	www.gbgplc.com

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