TIDMGYM

RNS Number : 6978P

Gym Group PLC (The)

20 October 2021

20 October 2021

THE GYM GROUP PLC

("TGG" or the "Company")

Grant of 2021 SAYE options

TGG, the nationwide operator of 196 low cost, high quality, 24/7 no contract gyms is pleased to announce that on 20 October 2021 pursuant to The Gym Group plc's Save As You Earn Scheme ("2021 SAYE Scheme" or "SAYE"), the Company has granted options, under which employees have been offered the opportunity to participate in the future growth of the Company via share option arrangements.

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 GBP2.36 per Ordinary Share in accordance with the terms of the 2021 SAYE Scheme. The Options were issued on 20 October 2021 and will normally be exercisable from 1 December 2024 for six months.

A total of 84 employees elected to participate in the 2021 SAYE Scheme, and pursuant to these elections Options over a total of 166,171 Ordinary Shares have been issued, equating to approximately 0.094% of the Company's issued share capital.

 
 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) Dow Jones Newswires

October 20, 2021 07:39 ET (11:39 GMT)

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