GB Group PLC Director/PDMR Shareholding (3705Y)
November 28 2014 - 10:01AM
UK Regulatory
TIDMGBG
RNS Number : 3705Y
GB Group PLC
28 November 2014
28 November 2014
GB GROUP PLC
("GBGroup" or "GBG" or "the Company")
Notification of Director's Interest
The Board of GBGroup announces that the recent investment of
shares in GBGroup by Dave Wilson, the Group Finance &
Operations Director (as announced on 24 November 2014), was carried
out under the Bonus Deferral and Share Matching Plan of the
Company. Accordingly, subject to the conditions outlined below, Mr
Wilson's investment has today been matched, grossed up for income
taxes, to 2.0x the investment made.
Mr Wilson's conditional matching award is set out in the table
below. The figures reflect the maximum number of matched shares
over which the option might be exercised. The actual number will
depend upon the extent to which the established performance
conditions are satisfied over the performance period.
Name Performance Period Maximum Matching Price Payable
Award on Exercise
--------------- ------------------- ----------------- --------------
David Wilson, 1 April 2014 90,566 shares Nominal Value
Group Finance to (2.5p)
& Operations 31 March 2017
Director
--------------- ------------------- ----------------- --------------
Following this announcement, Mr Wilson has options over a
maximum of 1,014,346 shares.
A summary of the rules of the Bonus Deferral and Share Matching
Plan is as follows:
The Company announced in November 2011 that following
consultation with its major shareholders, the Remuneration
Committee of the Board had approved the establishment of a salary
sacrifice, bonus deferral and share matching plan whereby the
executive directors and certain senior managers will have the
opportunity to elect to invest up to 20% of their annual salary and
up to 80% of their annual bonus in ordinary shares. Subject to
continued employment, the retention of these shares and the meeting
of a demanding financial performance target, the investment will be
matched on a gross basis by matching shares, in the form of options
with a nominal value exercise price, which will, subject to these
conditions, vest after three years.
- Ends-
For further information, please contact:
GB Group plc 01244 657333
John Constantin, Company Secretary
Peel Hunt LLP (Nominated Adviser
and Broker) 020 7418 8900
Richard Kauffer
Daniel Harris
Newgate Threadneedle 020 7653 9850
Tim Thompson
Heather Armstrong
Website www.gbgplc.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSPGGQAGUPCGAR
Gb (LSE:GBG)
Historical Stock Chart
From Apr 2024 to May 2024
Gb (LSE:GBG)
Historical Stock Chart
From May 2023 to May 2024