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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(END) Dow Jones Newswires

March 30, 2023 11:35 ET (15:35 GMT)

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