TIDMGYM

RNS Number : 5454T

Gym Group PLC (The)

25 March 2021

25 March 2021

The Gym Group plc

("the Company")

Notification of transactions by Directors/PDMRs

The Gym Group plc announces that on 25 March 2021, awards over ordinary shares of 0.01p each in the capital of the Company ("Shares") were made under the terms of The Gym Group plc Performance Share Plan ("PSP") to directors and other persons discharging managerial responsibility ("PDMRs") as follows:

 
 Name              Director/PDMR    Number of Shares 
                                       under award 
 Richard Darwin       Director          230,421 
 Mark George          Director          168,975

The awards represent 0.01p par value options which, to the extent that the awards vest, provide for Shares to be delivered to the individuals for 0.01p consideration per Share. Vesting of the awards is subject to the satisfaction of certain performance conditions (as set out in the Company's 2020 annual report).

In normal circumstances, the above awards will not vest until the third anniversary of the award date. Any awards made to directors will also be subject to a two year holding period.

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                          1. Richard Darwin 
                                     2. Mark George 
     -----------------------  ------------------------------------------------ 
 2.   Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position / status             1. Chief Executive Officer 
                                     2. 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 
     -----------------------  ------------------------------------------------ 
 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              Ordinary Shares of 0.01p each 
       of the financial         ISIN: GB00BZBX0P70 
       instrument 
     -----------------------  ------------------------------------------------ 
 b)   Nature of the            Awards over shares granted pursuant to 
       transaction              The Gym Group Performance Share Plan. 
     -----------------------  ------------------------------------------------ 
 c)   Price(s) and              Price(s)                     Volume(s) 
       volume(s)                      1. Nil consideration         1. 230,421 
 
                                       2. Nil consideration         2. 168,975 
                                                             ----------------- 
     -----------------------  ------------------------------------------------ 
 d)   Aggregated information 
       Aggregated volume         N/A (single transaction) 
       Price 
     -----------------------  ------------------------------------------------ 
 e)   Date of the              25 March 2021 
       transaction 
     -----------------------  ------------------------------------------------ 
 f)   Place of the             Outside a trading venue 
       transaction 
     -----------------------  ------------------------------------------------

For further information, please contact:

 
 The Gym Group:             via Tulchan Communications 
  Richard Darwin, CEO 
  Mark George, CFO 
 Tulchan Communications: 
  James Macey White 
  Elizabeth Snow 
  Laura Marshall            +44 (0) 207 353 4200

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END

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March 25, 2021 12:20 ET (16:20 GMT)

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