Source - LSE Regulatory
RNS Number : 0859R
The Gym Group plc
24 October 2019
 

24 October 2019

 

The Gym Group plc

Grant of SAYE Options and Notification of transaction by Director

The Gym Group plc ("the Company" or "TGG") is pleased to announce that it has launched a 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 £2.02 per Ordinary Share in accordance with the terms of the SAYE Scheme. The Options were issued on 24 October 2019 and will normally be exercisable from 1 December 2022 for six months.

 

119 employees have elected to participate in the 2019 SAYE Scheme and as a result Options over a total of 236,295 Ordinary Shares have been granted in respect of the 2019 SAYE Scheme, representing 0.17% of the Company's issued share capital.

 

The following Persons Discharging Managerial Responsibilities ("PDMRs") have chosen to participate in the 2019 SAYE Scheme:

 

Name

Director/PDMR

Number of Ordinary Shares under Option

Mark George

Director

 

8,910

 

For further information, please contact:

 

The Gym Group

Tel: 07809 456 900

 

The relevant notification set out below is 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

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

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

Grant of options under the Save As You Earn Scheme

 

 

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

24/10/2019

f)

Place of the transaction

Award of the shares occurred outside a trading venue

 

 

 


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