RNS Number : 0020V
GB Group PLC
28 November 2019
 

 

 

28 November 2019

 

GB GROUP PLC

("GBG" or the "Company")

 

Notification of Directors' Interests

 

 

The Company announces that, on 26 November 2019, 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. Subsequently, Dave Wilson, Nick Brown and David Rasche (Chairman) sold Ordinary Shares at a price of 710 pence per Ordinary Share on the same day.

 

Details of the transactions and resultant beneficial shareholdings by individual are as follows:

 

Name

Role

Options exercised

Ordinary Shares sold

Resultant beneficial shareholding

% of issued share capital

Dave Wilson

CFO & COO

129,783

280,757*

170,122

0.09%

Nick Brown

Managing Director

117,103

367,103

827,312

0.43%

David Rasche

Chairman

-

160,000

743,525

0.38%

 

*150,974 of these Ordinary Shares sold were sold by Cath Wilson, wife of Dave Wilson

 

1.         

Details of the person discharging managerial responsibilities / person closely associated

a.         

Name

1.   Dave Wilson

2.   Nick Brown

2.         

Reason for the notification

a.         

Position/status

1.   CFO & COO

2.   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

129,783

2

2.5p

117,103

d.         

Aggregated information

· Aggregated volume

· Price

 

 

 Price(s)

 

Volume(s)

1

2.5p

129,783

2

2.5p

117,103

e.         

Date of the transaction

26 November 2019

f.         

Place of the transaction

Outside a trading venue




1.         

Details of the person discharging managerial responsibilities / person closely associated

a.         

Name

1.   Dave Wilson

2.   Nick Brown

3.   David Rasche

2.         

Reason for the notification

a.         

Position/status

1.   CFO & COO

2.   Managing Director

3.   Chairman

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

Sale of Ordinary Shares.

c.         

Price(s) and volume(s)


 Price(s)

 

Volume(s)

1

710p

129,783

2

710p

367,103

3

710p

160,000

d.         

Aggregated information

· Aggregated volume

· Price

 

 

 Price(s)

 

Volume(s)

1

710p

129,783

2

710p

367,103

3

710p

160,000

e.         

Date of the transaction

26 November 2019

f.         

Place of the transaction

London Stock Exchange (XLON); AIM

 

1.         

Details of the person discharging managerial responsibilities / person closely associated

a.         

Name

Dave Wilson

2.         

Reason for the notification

a.         

Position/status

CFO & COO

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

Transfer of Ordinary Shares to PCA, Cath Wilson

c.         

Price(s) and volume(s)


 Price(s)

 

Volume(s)


N/A

140,974

d.         

Aggregated information

· Aggregated volume

· Price

 

 

 Price(s)

 

Volume(s)


N/A

140,974

e.         

Date of the transaction

26 November 2019

f.         

Place of the transaction

Outside a trading venue

 

1.         

Details of the person discharging managerial responsibilities / person closely associated

a.         

Name

Cath Wilson

2.         

Reason for the notification

a.         

Position/status

PCA of Dave Wilson, CFO & COO

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

Sale of Ordinary Shares

c.         

Price(s) and volume(s)


 Price(s)

 

Volume(s)


710p

150,974

d.         

Aggregated information

· Aggregated volume

· Price

 

 

 Price(s)

 

Volume(s)


710p

150,974

e.         

Date of the transaction

26 November 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

Edward Allsopp

Nick Prowting

 

020 7418 8900

Website

www.gbgplc.com

 


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