Gym Group PLC (The) Grant of SAYE Options and Director Dealing (8287C)
October 21 2020 - 10:00AM
UK Regulatory
TIDMGYM
RNS Number : 8287C
Gym Group PLC (The)
21 October 2020
21 October 2020
The Gym Group plc
Grant of SAYE Options and Notification of transactions by
Directors
The Gym Group plc ("the Company" or "TGG") is pleased to
announce that it has launched the 2020 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
GBP1.08 per Ordinary Share in accordance with the terms of the SAYE
Scheme. The Options were issued on 21 October 2020 and will
normally be exercisable from 1 December 2023 for six months.
130 employees have elected to participate in the 2020 SAYE
Scheme and as a result Options over a total of 694,940 Ordinary
Shares have been granted in respect of the 2020 SAYE Scheme,
representing 0.42% of the Company's issued share capital.
The following Persons Discharging Managerial Responsibilities
("PDMRs") have chosen to participate in the 2020 SAYE Scheme:
Name Director/PDMR Number of Ordinary
Shares under
Option
Richard Darwin Director 16,666
Mark George Director 16,666
In addition, in order to participate in the 2020 SAYE Scheme,
Mark George has elected to cancel his participation in the 2019
SAYE Scheme, resulting in the lapse of the option originally
granted to him on 24 October 2019 with an exercise price of GBP2.02
per Ordinary Share. The option would normally have become
exercisable on 1 December 2022 over 8,910 Ordinary Shares.
For further information, please contact
The Gym Group via Instinctif Partners
Richard Darwin, CEO
Mark George, CFO
Katy Tucker, Company Secretary
Instinctif Partners
Matthew Smallwood
Justine Warren 020 7457 2020
The relevant notifications set out below are 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 Richard Darwin
------------------------ ---------------------------------------
2. Reason for the notification
-----------------------------------------------------------------
a) Position / status Chief Executive Officer
------------------------ ---------------------------------------
b) Initial notification Initial Notification
/ amendment
------------------------ ---------------------------------------
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 Ordinary Shares of 0.01p each
of the financial ISIN: GB00BZBX0P70
instrument
------------------------ ---------------------------------------
b) Nature of the Grant of an Option under the 2020 Save
transaction As You Earn Scheme
------------------------ ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 16,666
----------
------------------------ ---------------------------------------
d) Aggregated information
Aggregated volume N/A (single transaction)
Price
------------------------ ---------------------------------------
Date of the
e) transaction 21/10/2020
------------------------ ---------------------------------------
f) Place of the Award occurred outside a trading venue
transaction
------------------------ ---------------------------------------
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 Initial Notification
/ amendment
------------------------ ---------------------------------------
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 Ordinary Shares of 0.01p each
of the financial ISIN: GB00BZBX0P70
instrument
------------------------ ---------------------------------------
b) Nature of the Grant of an Option under the 2020 Save
transaction As You Earn Scheme
------------------------ ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 16,666
----------
------------------------ ---------------------------------------
d) Aggregated information
Aggregated volume N/A (single transaction)
Price
------------------------ ---------------------------------------
Date of the
e) transaction 21/10/2020
------------------------ ---------------------------------------
f) Place of the Award occurred outside a trading venue
transaction
------------------------ ---------------------------------------
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 Initial Notification
/ amendment
------------------------ --------------------------------------------------
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 Ordinary Shares of 0.01p each
of the financial ISIN: GB00BZBX0P70
instrument
------------------------ --------------------------------------------------
b) Nature of the Cancellation of participation under the
transaction 2019 Save As You Earn Scheme and discontinuation
of the related monthly contributions,
resulting in lapse of the option granted
on 24 October 2019 with an exercise price
of GBP2.02 pence per Ordinary Share.
------------------------ --------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 8,910
----------
------------------------ --------------------------------------------------
d) Aggregated information
Aggregated volume N/A (single transaction)
Price
------------------------ --------------------------------------------------
Date of the
e) transaction 21/10/2020
------------------------ --------------------------------------------------
f) Place of the Cancellation occurred outside a trading
transaction venue
------------------------ --------------------------------------------------
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