Grant of SAYE Options and Director Dealing
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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 £0.95 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 |
| Instinctif Partners (Financial PR): Justine Warren Matthew Smallwood Joe Quinlan | Tel: +44 (0)20 7457 2020 |
Details of PDMR / person closely associated with them ("PCA")
| Name | Luke Tait | ||||
| Reason for the notification | |||||
| Position / status | Chief Financial Officer | ||||
| Initial notification / amendment | Initial Notification | ||||
| Name | The Gym Group plc | ||||
| LEI | 213800VCU9TBANZIN455 | ||||
| Description of the financial instrument | Ordinary Shares of 0.01p each ISIN: GB00BZBX0P70 | ||||
| Nature of the transaction | Grant of an Option under the 2023 Save As You Earn Scheme | ||||
| Price(s) and volume(s) |
| ||||
| Aggregated information Aggregated volume Price | N/A (single transaction) | ||||
| Date of the transaction | 18/10/2023 | ||||
| Place of the transaction | Award occurred outside a trading venue | ||||
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