TIDMGYM

RNS Number : 5828Q

Gym Group PLC (The)

18 October 2023

18 October 2023

The Gym Group plc

(the "Company")

Grant of options under the Company's Save As You Earn Scheme and Notification of transactions by Directors

The Company is pleased to announce that it has launched the 2023 Save As You Earn Scheme (the "2023 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 GBP0.95 per Ordinary Share in accordance with the terms of the 2023 SAYE Scheme. The Options were granted on 18 October 2023 and will normally be exercisable from 1 December 2026 for six months.

103 employees have elected to participate in the 2023 SAYE Scheme and as a result Options over a total of 546,376 Ordinary Shares have been granted in respect of the 2023 SAYE Scheme, representing 0.31% of the Company's issued share capital.

The following Person Discharging Managerial Responsibilities ("PDMRs") has chosen to participate in the 2023 SAYE Scheme:

 
 Name         Director/PDMR    Number of Ordinary 
                                  Shares under 
                                     Option 
 Luke Tait    Director               19,526 
 
 
 The Gym Group:                         via Instinctif Partners 
  John Treharne, Chair of the Board 
  Will Orr, CEO 
  Luke Tait, CFO 
  Katharine Wynne, Investor Relations 
 Instinctif Partners (Financial         Tel: +44 (0)20 7457 2020 
  PR): 
  Justine Warren 
  Matthew Smallwood 
  Joe Quinlan 
 
 
 Details of PDMR / person closely associated with them ("PCA") 
 Name                                 Luke Tait 
                          --------------------------------------- 
 Reason for the notification 
 Position / status              Chief Financial Officer 
                          --------------------------------------- 
 Initial notification      Initial Notification 
  / amendment 
                          --------------------------------------- 
 Details of the issuer, emission allowance market participant, 
  auction platform, auctioneer or auction monitor 
 Name                      The Gym Group plc 
                          --------------------------------------- 
 LEI                       213800VCU9TBANZIN455 
                          --------------------------------------- 
 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 
 Description               Ordinary Shares of 0.01p each 
  of the financial          ISIN: GB00BZBX0P70 
  instrument 
                          --------------------------------------- 
 Nature of the             Grant of an Option under the 2023 Save 
  transaction               As You Earn Scheme 
                          --------------------------------------- 
 Price(s) and               Price(s)    Volume(s) 
  volume(s)                  GBP0.95     19,526 
                                        ---------- 
                          --------------------------------------- 
 Aggregated information 
  Aggregated volume          N/A (single transaction) 
  Price 
                          --------------------------------------- 
 Date of the 
  transaction              18/10/2023 
                          --------------------------------------- 
 Place of the              Award occurred outside a trading venue 
  transaction 
                          --------------------------------------- 
 

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END

DSHUWUNROSURAAA

(END) Dow Jones Newswires

October 18, 2023 12:26 ET (16:26 GMT)

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