Director/PDMR Shareholding
The Gym Group plc has granted share awards under its Incentive Plan to Directors and Persons Discharging Managerial Responsibilities (PDMRs), totaling 802,806 ordinary shares. Specifically, CEO Will Orr received 461,071 shares and CFO Luke Tait received 341,735 shares, with these awards representing the share element of their 2026 incentive, subject to performance targets and a three-year vesting period, followed by an additional two-year holding period. The company will also purchase up to £3 million of its ordinary shares on the market via its employee benefit trust to satisfy future share option exercises.
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In accordance with the Company's Directors' Remuneration Policy, on 12 March 2026, awards under The Gym Group plc Incentive Plan (the "TGG Incentive Plan") have been granted to the Company's Directors/PDMRs as set out in the table below, totalling 802,806 ordinary shares of £0.0001 each.
| Director/PDMR | Number of ordinary shares subject to TGG Incentive Plan |
|---|---|
| Will Orr | 461,071 |
| Luke Tait | 341,735 |
The awards represent the share element of the TGG Incentive Plan for 2026, 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 2026. 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 an additional two year holding period.
The Company has instructed the trustees of the Company's employee benefit trust to purchase ordinary shares in the capital of the Company on the market, up to the value of £3m, to satisfy future share option exercises.
| 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 |
| a) | Name | The Gym Group plc |
| b) | LEI | 213800VCU9TBANZIN455 |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.0001 each |
| Identification code | GYM ISIN: GB00BZBX0P70 SEDOL: BZBX0P7 | |
| b) | Nature of the transaction | Grant of share awards under the TGG Incentive Plan |
| c) | Price(s) and volume(s) | Price per share Volume £0.0001 461,071 |
| d) | Aggregated Information - Aggregate volume - Price | Price Aggregate volume £0.0001 461,071 |
| e) | Date of transaction | 12 March 2026 |
| 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 |
| a) | Name | The Gym Group plc |
| b) | LEI | 213800VCU9TBANZIN455 |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.0001 each |
| Identification code | GYM ISIN: GB00BZBX0P70 SEDOL: BZBX0P7 | |
| b) | Nature of the transaction | Grant of share awards under the TGG Incentive Plan |
| c) | Price(s) and volume(s) | Price per share Volume £0.0001 341,735 |
| d) | Aggregated Information - Aggregate volume - Price | Price Aggregate volume £0.0001 341,735 |
| e) | Date of transaction | 12 March 2026 |
| f) | Place of transaction | Outside a trading venue |
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