Notification and public disclosure of transactions
CEO and CFO granted Performance Share Plan awards totalling 484,738 ordinary shares subject to performance conditions.
- Dev Dhiman PSP award 281,728 ordinary shares
- David Ward PSP award 203,010 ordinary shares
- Dev Dhiman total options outstanding 562,550 ordinary shares
- David Ward total options outstanding 479,571 ordinary shares
- Performance period 1 April 2024 - 31 March 2027
Select text to share a quote on X · sign in to keep highlights & notes in your GBG notes
GBG confirms that, as disclosed in the Company's latest Annual Report and Accounts, on 19 July 2024 the Company granted awards over ordinary shares of 2.5p each in the Company ("Ordinary Shares") under the Performance Share Plan to Dev Dhiman and David Ward.
Dev Dhiman and David Ward currently have options (subject to meeting relevant conditions) over 562,550 and 479,571 Ordinary Shares, respectively, in aggregate.
The awards are set out in the table below. The awards reflect the maximum number of Ordinary Shares over which the awards may be exercised. The actual number will depend upon the extent that the performance conditions are met. The awards are subject to adjustment, malus and clawback, and a 2 year holding period.
| Name of Executive Director | Performance Period of Award | Maximum number of Ordinary Shares subject to award | Price payable | ||||
| Dev Dhiman | 1 April 2024 - 31 March 2027 | 281,728 | Nominal Value (2.5p per Ordinary Share) | ||||
| David Ward | 1 April 2024 - 31 March 2027 | 203,010 | Nominal Value (2.5p per Ordinary Share) | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||
| a. | Name | 1. Dev Dhiman 2. David Ward | |||||
| 2. | Reason for the notification | ||||||
| a. | Position/status | 1. Chief Executive Officer 2. Chief Finance Officer | |||||
| b. | Initial notification /Amendment | Initial notification | |||||
| a. | Name | GB Group plc | |||||
| b. | LEI | 213800RBAFZIBCV7XR29 | |||||
| a. | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares of 2.5 pence GB0006870611 | |||||
| b. | Nature of the transaction | Grant of options under the Performance Share Plan | |||||
| c. | Price(s) and volume(s) |
.5 281,728 2 2.5 203,010 | |||||
| d. | Aggregated information Aggregated volume Price |
.5 281,728 2 2.5 203,010 | |||||
| f. | Place of the transaction | Outside of a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.