TIDMGYM

RNS Number : 0859R

The Gym Group plc

24 October 2019

24 October 2019

The Gym Group plc

Grant of SAYE Options and Notification of transaction by Director

The Gym Group plc ("the Company" or "TGG") is pleased to announce that it has launched a Save As You Earn Scheme (the "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 GBP2.02 per Ordinary Share in accordance with the terms of the SAYE Scheme. The Options were issued on 24 October 2019 and will normally be exercisable from 1 December 2022 for six months.

119 employees have elected to participate in the 2019 SAYE Scheme and as a result Options over a total of 236,295 Ordinary Shares have been granted in respect of the 2019 SAYE Scheme, representing 0.17% of the Company's issued share capital.

The following Persons Discharging Managerial Responsibilities ("PDMRs") have chosen to participate in the 2019 SAYE Scheme:

 
 Name           Director/PDMR    Number of Ordinary 
                                    Shares under 
                                       Option 
 Mark George    Director               8,910 
 

For further information, please contact:

 
The Gym Group  Tel: 07809 456 900 
 

The relevant notification set out below is 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                                Mark George 
     -----------------------  --------------------------------------- 
 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            Grant of options under the Save As You 
       transaction              Earn Scheme 
     -----------------------  --------------------------------------- 
 c)   Price(s) and              Price(s)    Volume(s) 
       volume(s)                 Nil         8,910 
                                            ---------- 
     -----------------------  --------------------------------------- 
 d)   Aggregated information 
       Aggregated volume         N/A (single transaction) 
       Price 
     -----------------------  --------------------------------------- 
 e)   Date of the              24/10/2019 
       transaction 
     -----------------------  --------------------------------------- 
 f)   Place of the             Award of the shares occurred outside a 
       transaction              trading venue 
     -----------------------  --------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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October 24, 2019 12:18 ET (16:18 GMT)

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