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The Gym Group plc launched its 2023 Save As You Earn Scheme for eligible employees. On 18 October 2023, options over a total of 546,376 Ordinary Shares, representing 0.31% of the Company's issued share capital, were granted to 103 participating employees at an exercise price of £0.95 per share. Director Luke Tait participated in the scheme, receiving options over 19,526 Ordinary Shares.
| Date | 18 Oct 2023 |
| Time | 17:26:34 |
| Category | Director/PDMR dealings |
| ID | 5828Q |
18 October 2023
The Gym Group plc
(the "Company")
Grant of options under the Company's Save As You Earn Scheme and Notification of transactions by Directors
The Company is pleased to announce that it has launched the 2023 Save As You Earn Scheme (the "2023 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 £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:
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Name |
Director/PDMR |
Number of Ordinary Shares under Option |
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Luke Tait
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Director |
19,526 |
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The Gym Group: John Treharne, Chair of the Board Will Orr, CEO Luke Tait, CFO Katharine Wynne, Investor Relations
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via Instinctif Partners |
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Instinctif Partners (Financial PR): Justine Warren Matthew Smallwood Joe Quinlan |
Tel: +44 (0)20 7457 2020 |
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Details of PDMR / person closely associated with them ("PCA") |
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Name |
Luke Tait
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Reason for the notification |
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Position / status |
Chief Financial Officer
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Initial notification / amendment |
Initial Notification
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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Name |
The Gym Group plc
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LEI |
213800VCU9TBANZIN455 |
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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 |
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Description of the financial instrument |
Ordinary Shares of 0.01p each ISIN: GB00BZBX0P70 |
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Nature of the transaction |
Grant of an Option under the 2023 Save As You Earn Scheme
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Price(s) and volume(s) |
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Aggregated information Aggregated volume Price |
N/A (single transaction) |
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Date of the transaction |
18/10/2023 |
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Place of the transaction |
Award occurred outside a trading venue |
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