Gym Group PLC (The) Director/PDMR Shareholding
30 Marzo 2023 - 05:35PM
UK Regulatory (RNS & others)
TIDMGYM
RNS Number : 8313U
Gym Group PLC (The)
30 March 2023
30 March 2023
The Gym Group plc
("the Company")
Notification of transactions by Directors/PDMRs
The Company announces that on 29 March 2023 ("Date of Grant"),
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") and the Deferred Share Bonus Plan
("DSBP") to the below Executive Directors as follows:
Name Number of Shares Number of Shares
granted under granted under
PSP DSBP
Ann-marie Murphy 326,323 52,666
----------------- -----------------
Luke Tait 423,797 15,037
----------------- -----------------
The number of shares within the above awards was calculated on
the basis of a share price of 123.88 pence, being the Company's
three-month average share price prior to the Date of Grant.
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 PSP awards is subject to the satisfaction of
three performance conditions in respect of:
- Absolute Total Shareholder Return (Compound annual growth in
adjusted Gym Group share price) (40% weighting);
- Relative Total Shareholder Return measured against
constituents of the FTSE SmallCap (excluding ITs and REITs) (40%
weighting); and
- Social Value generated during financial year 2025 (20% weighting).
The detail of the performance conditions is set out in the 2022
Annual Report and Accounts on page 97. A holding period of two
years from the end of the performance period is also applicable to
the PSP award granted to Ann-marie and Luke.
In addition, as set out in the 2022 Annual Report and Accounts
on page 99, the Remuneration Committee has decided that the 2022
annual bonus for Ann-marie and Luke will be delivered purely as
awards of deferred shares under the DSBP. Deferred shares awarded
for 2022 bonuses will be subject to continued employment and will
be capable of vesting two years from the Date of Grant.
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 Ann-marie Murphy
----------------------- -----------------------------------------------
2. Reason for the notification
------------------------------------------------------------------------
a) Position / status Chief Operating 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 1. Award over shares granted pursuant
transaction to The Gym Group Performance Share Plan.
2. Award over shares granted pursuant
to The Gym Group Deferred Share Bonus
Plan.
----------------------- -----------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 1. Nil consideration 326,323
----------
2. Nil consideration 52,666
----------
----------------------- -----------------------------------------------
d) Aggregated information
Aggregated volume Price: Nil
Price Volume: 378,989
----------------------- -----------------------------------------------
e) Date of the 29 March 2023
transaction
----------------------- -----------------------------------------------
f) Place of the Outside a trading venue
transaction
----------------------- -----------------------------------------------
1. Details of PDMR / person closely associated with them
("PCA")
a) Name Luke Tait
----------------------- --------------------------------------------------------
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
----------------------- --------------------------------------------------------
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 1. Award over shares granted pursuant
transaction to The Gym Group Performance Share Plan
2. Award over shares granted pursuant
to The Gym Group Deferred Share Bonus
Plan.
----------------------- --------------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 1. Nil consideration 423,797
-------------------
2. Nil consideration 15,037
-------------------
----------------------- --------------------------------------------------------
d) Aggregated information
Aggregated volume Price: Nil
Price Volume: 438,834
----------------------- --------------------------------------------------------
e) Date of the 29 March 2023
transaction
----------------------- --------------------------------------------------------
f) Place of the Outside a trading venue
transaction
----------------------- --------------------------------------------------------
For further information, please contact:
The Gym Group: via Teneo
John Treharne, Chair of the Board
Luke Tait, Chief Financial Officer
Teneo:
James Macey White
Laura Marshall +44 (0) 207 353 4200
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END
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March 30, 2023 11:35 ET (15:35 GMT)
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