Source - LSE Regulatory
RNS Number : 2038U
The Gym Group plc
27 March 2019
 

27 March 2019

 

THE GYM GROUP PLC ("THE COMPANY")

 

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Connected Persons

 

The Company announces that on 27 March 2019, it was notified that Penny Hughes, Chairwoman, had purchased 23,911 shares in the Company and that Richard Darwin, CEO, had purchased 11,000 shares in the Company. Details of the purchases can be found below.

 

In addition, the following notification made under article 19.1 of the Market Abuse Regulation ("MAR") relates to exercising of nil-cost options to persons discharging managerial responsibilities ("PDMR") on 26 March 2019 under the Company Performance Share Plan ("PSP") and to PDMRs buying shares. This announcement is made in accordance with Article 19.3 of MAR. 

  

The Company announces that on 26 March 2019, the following PSP awards made on 16 March 2016 have been exercised following partial achievement of the performance criteria, with 41.65% of the PSP awards vesting for consideration of £0.0001 per share. Details of the number of ordinary shares of £0.0001 each in the share capital of the Company ("Shares") received, sold to meet tax and national insurance contributions and retained by PDMRs are set out below.

 

Name of Director/ PDMR

Number of Shares vested under PSP award

Number of Shares exercised under PSP award

Number of Shares sold to cover tax and national insurance contributions

Number of Shares retained

Richard Darwin

23,490

23,490

11,080

12,410

John Treharne

36,540

36,540

17,235

19,305

Jonathan Spaven

23,490

23,490

11,080

12,410

 

 

 

 

Purchase of shares in the Company:

1.

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

a)

Name

Penny Hughes

 

2.

Reason for the notification

a)

Position / status

Chairwoman

 

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 0.01 pence each

 

ISIN: GB00BZBX0P70

 

b)

Nature of the transaction

Purchase of shares

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£2.2003

23,911

 

d)

Aggregated information

Aggregated volume

Price

 

N/A

e)

Date of the transaction

27/03/2019 (London)

f)

Place of the transaction

London Stock Exchange XLON

 

 

 

1.

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

a)

Name

Richard Darwin

 

2.

Reason for the notification

a)

Position / status

CEO

 

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 0.01 pence each

 

ISIN: GB00BZBX0P70

 

b)

Nature of the transaction

Purchase of shares through a self-invested personal pension

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£2.1843

11,000

 

d)

Aggregated information

Aggregated volume

Price

 

N/A

e)

Date of the transaction

27/03/2019 (London)

f)

Place of the transaction

London Stock Exchange XLON

 

Exercise of nil cost options and sale of shares to meet tax and NI:

 

 

1.

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

a)

Name

1.   Richard Darwin

2.   John Treharne

3.   Jonathan Spaven

 

2.

Reason for the notification

a)

Position / status

1.   Chief Executive Officer

2.   Founder Director

3.   PDMR, Property Director

 

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 0.01 pence each

 

ISIN: GB00BZBX0P70

 

b)

Nature of the transaction

Exercise of options under the Company Performance Share Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.   £0.0001

2.   £0.0001

3.   £0.0001

1.   23,490

2.   36,540

3.   23,490

d)

Aggregated information

Aggregated volume

Price

 

N/A

e)

Date of the transaction

26/03/2019

f)

Place of the transaction

Outside a trading venue

 

 

1.

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

a)

Name

1.   Richard Darwin

2.   John Treharne

3.   Jonathan Spaven

 

2.

Reason for the notification

a)

Position / status

1.   Chief Executive Officer

2.   Founder Director

3.   PDMR, Property Director

 

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 0.01 pence each

 

ISIN: GB00BZBX0P70

 

b)

Nature of the transaction

Sale of shares, principally to cover tax on exercising of award under the Company Performance Share Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.   £2.22

2.   £2.22

3.   £2.22

1.   11,080

2.   17,235

3.   11,080

d)

Aggregated information

Aggregated volume

Price

 

N/A

e)

Date of the transaction

26/03/2019

f)

Place of the transaction

Outside a trading venue

 

 


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