Grant of SAYE Options and Director Dealing
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 £2.02 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:
Number of Ordinary Shares under Option
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.
Details of PDMR / person closely associated with them ("PCA")
Reason for the notification
Position / status
Chief Financial Officer
Initial notification / amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
The Gym Group plc
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
Description of the financial instrument
Ordinary Shares of 0.01p each
Nature of the transaction
Grant of options under the Save As You Earn Scheme
Price(s) and volume(s)
N/A (single transaction)
Date of the transaction
Place of the transaction
Award of the shares occurred outside a trading venue
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