GB Group PLC Director/PDMR Shareholding (5722Q)
30 November 2016 - 11:46PM
UK Regulatory
TIDMGBG
RNS Number : 5722Q
GB Group PLC
30 November 2016
30 November 2016
GB GROUP PLC
("GBG" or the "Company")
Notification of Directors' Interests
David Rasche
The Company announces that David Rasche, Non-executive Chairman
of the Company has today notified the Company that on 29 November
2016 he bought 41,500 ordinary shares of 2.5p each in the Company
("Ordinary Shares") at a price of 240p per share.
Following this notification, Mr. Rasche has:
-- a beneficial holding of 840,778 Ordinary Shares (which
represents 0.63% of the issued share capital of the Company)
Richard Law
The Company also announces that Richard Law (GBG's retiring
Chief Executive Officer) has today notified the Company that on 29
November 2016 he sold 1 million ordinary shares of 2.5p each in the
Company ("Ordinary Shares") at an average price of 240.45p per
share. The principal reason for the sale is to allow Mr Law to
rebalance his portfolio ahead of his impending retirement.
Following this notification, Mr. Law has:
-- a beneficial holding of 429,237 Ordinary Shares (which
represents 0.32% of the issued share capital of the Company);
and
-- options over a maximum of 653,536 Ordinary Shares.
1. Details of the person discharging managerial
responsibilities / person closely associated
---- ----------------------------------------------------------------
a. Name David Rasche
---- ------------------------------- -------------------------------
2. Reason for the notification
---- ----------------------------------------------------------------
a. Position/status Chairman
---- ------------------------------- -------------------------------
b. Initial Initial notification
notification
/Amendment
---- ------------------------------- -------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------
a. Name GB Group plc
---- ------------------------------- -------------------------------
b. LEI N/A
---- ------------------------------- -------------------------------
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 Ordinary shares of 2.5 pence
of the financial
instrument, GB0006870611
type of
instrument
Identification
code
---- ------------------------------- -------------------------------
b. Nature of Sale of shares
the transaction
---- ------------------------------- -------------------------------
c. Price(s) Price(s) Volume(s)
and volume(s) ----------- ----------
240 pence 41,500
----------- ----------
---- ------------------------------- -------------------------------
Aggregated
d. information
* Aggregated volume
41,500
240p
* Price
------------------------------------ -------------------------------
e. Date of 29 November 2016
the transaction
---- ------------------------------- -------------------------------
f. Place of AIM Market of the London Stock
the transaction Exchange
---- ------------------------------- -------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
---- ----------------------------------------------------------------
a. Name Richard Law
---- ------------------------------- -------------------------------
2. Reason for the notification
---- ----------------------------------------------------------------
a. Position/status Chief Executive Officer
---- ------------------------------- -------------------------------
b. Initial Initial notification
notification
/Amendment
---- ------------------------------- -------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------
a. Name GB Group plc
---- ------------------------------- -------------------------------
b. LEI N/A
---- ------------------------------- -------------------------------
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 Ordinary shares of 2.5 pence
of the financial
instrument, GB0006870611
type of
instrument
Identification
code
---- ------------------------------- -------------------------------
b. Nature of Sale of shares
the transaction
---- ------------------------------- -------------------------------
c. Price(s) Price(s) Volume(s)
and volume(s) ----------- ----------
240 pence 850,000
----------- ----------
243 pence 150,000
----------- ----------
---- ------------------------------- -------------------------------
Aggregated
d. information
* Aggregated volume
1,000,000
240.45p
* Price
------------------------------------ -------------------------------
e. Date of 29 November 2016
the transaction
---- ------------------------------- -------------------------------
f. Place of AIM Market of the London Stock
the transaction Exchange
---- ------------------------------- -------------------------------
- Ends-
For further information, please contact:
GB Group plc
John Constantin, Company Secretary 01244 657333
Peel Hunt LLP (Nominated Adviser
and Broker)
Richard Kauffer
Euan Brown 020 7418 8900
Website www.gbgplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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