REG - Gym Group PLC (The) - Director/PDMR Shareholding

GYMAnnouncement

10/07/2024 12:45

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RNS Number : 8990V  Gym Group PLC (The)  10 July 2024

The Gym Group plc

 

("Gym Group" or the "Company")

 

Grant of Share Awards

In accordance with the Company's Directors' Remuneration Policy, on 10 July
2024, awards under The Gym Group plc Incentive Plan (the "TGG Incentive Plan")
and The Gym Group Deferred Share Bonus Plan (the "Deferred Bonus Plan") have
been granted to the Directors/PDMRs of the Company set out in the table below
over 1,225,558 ordinary shares of £0.01 each.

 

 Director/PDMR  Number of ordinary shares subject to TGG Incentive Plan  Number of ordinary shares subject to Deferred Bonus Plan
 Will Orr       686,878                                                  9,488
 Luke Tait      509,098                                                  20,094

 

TGG Incentive Plan

The awards represent the share element of the TGG Incentive Plan for 2024,
equivalent to 65% of the maximum opportunity for Executive Directors (275% of
salary). Together with the cash element (35% of the maximum opportunity), the
awards are subject to financial and non-financial performance targets set by
the Company for 2024. The awards are granted under the rules of the TGG
Incentive Plan and vest after three years subject to the satisfaction of these
performance targets and the continued employment of the holder at the date of
vesting. The exercise of vested awards for the holders listed above is subject
to a two year holding period.

 

Deferred Bonus Plan

The awards represent the deferred element of the 2023 annual bonus, as set out
in the 2023 Annual Report & Accounts. The Awards are granted under the
rules of the Deferred Bonus Plan and vest after two years subject to the
continued employment of the holder at the date of vesting.

 

The Company has today instructed the trustees of the Company's employee
benefit trust to purchase c.1.5m shares in the capital of the Company on the
market to satisfy future share option exercises.

For further information please contact:

 The Gym Group plc                   via Instinctif Partners
 Will Orr, CEO

 Luke Tait, CFO

 Krishan Pandit, Company Secretary

 Instinctif Partners (Financial PR)    Tel: +44 (0)20 7457 2020

 Justine Warren

 Matthew Smallwood

 Joe Quinlan

Will Orr, CEO

Luke Tait, CFO

Krishan Pandit, Company Secretary

 

Instinctif Partners (Financial PR)

 

Justine Warren

Matthew Smallwood

Joe Quinlan

  Tel: +44 (0)20 7457 2020

 

The notifications set out below are provided in accordance with the
requirements of the EU Market Abuse Regulation.

 1    Details of the person discharging managerial responsibilities / person closely
      associate
 a)   Name                                                         Will Orr
 2    Reason for the notification
 a)   Position/status                                              Chief Executive Officer
 b)   Initial notification /Amendment                              Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         The Gym Group plc
 b)   LEI                                                             213800VCU9TBANZIN455
 4    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 of the financial instrument, type of instrument     Ordinary shares of 1 pence each

      Identification code                                             ISIN: GB00BZBX0P70
 b)   Nature of the transaction                                    i)  Grant of share awards under The Gym Group plc Incentive Plan

                                                                   ii) Grant of share awards under The Gym Group Deferred Share Bonus Plan
 c)   Price(s) and volume(s)

   Price per share  Volume
                                                                   i)   1 pence          686,878
                                                                   ii)  1 pence          9,488

 
 d)   Aggregated Information

Price    Aggregate volume
      - Aggregate volume                                           1pence  696,366

      - Price
 
 e)   Date of transaction                                          10 July 2024
 f)   Place of transaction                                         Outside a trading venue

 

d)

Aggregated Information

- Aggregate volume

- Price

 

 Price    Aggregate volume
 1 pence  696,366

 

e)

Date of transaction

10 July 2024

f)

Place of transaction

Outside a trading venue

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associate
 a)   Name                                                         Luke Tait
 2    Reason for the notification
 a)   Position/status                                              Chief Financial Officer
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         The Gym Group plc
 b)   LEI                                                             213800VCU9TBANZIN455
 4    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 of the financial instrument, type of instrument     Ordinary shares of 1 pence each

      Identification code                                             ISIN: GB00BZBX0P70
 b)   Nature of the transaction                                    i)  Grant of share awards under The Gym Group plc Incentive Plan

                                                                   ii) Grant of share awards under The Gym Group Deferred Share Bonus Plan
 c)   Price(s) and volume(s)

   Price per share  Volume
                                                                   i)   1 pence          509,098
                                                                   ii)  1 pence          20,094

 
 d)   Aggregated Information

Price    Aggregate volume
      - Aggregate volume                                           1pence  529,192

      - Price
 
 e)   Date of transaction                                          10 July 2024
 f)   Place of transaction                                         Outside a trading venue

 

d)

Aggregated Information

- Aggregate volume

- Price

 

 Price    Aggregate volume
 1 pence  529,192

 

e)

Date of transaction

10 July 2024

f)

Place of transaction

Outside a trading venue

 

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