Correction - Notification of Directors' Interests | RNS | Ticker

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Correction - Notification of Directors' Interests

RNS Announcement

RNS Number : 0347V

GB Group PLC

28 November 2019

GB GROUP PLC

("GBG" or the "Company")

Correction - Notification of Directors' Interests

The following amendment has been made to the 'Notification of Directors' Interests' announcement released on 28 November 2019 at 10.25 under RNS No. 0020V.

The original announcement incorrectly stated that David Rasche has a resultant beneficial shareholding of 743,525 Ordinary Shares representing 0.38% of the Company's issued share capital when it should have stated 725,233 Ordinary Shares representing 0.37% of the Company's issued share capital.

All other details remain unchanged. The full amended text is shown below.

The Company announces that, on 26 November 2019, Dave Wilson (CFO & COO) and Nick Brown (Managing Director), exercised options over ordinary shares of 2.5 pence each in the Company ("Ordinary Shares") at an exercise price of 2.5 pence per Ordinary Share. Subsequently, Dave Wilson, Nick Brown and David Rasche (Chairman) sold Ordinary Shares at a price of 710 pence per Ordinary Share on the same day.

Details of the transactions and resultant beneficial shareholdings by individual are as follows:

Name	Role	Options exercised	Ordinary Shares sold	Resultant beneficial shareholding	% of issued share capital
Dave Wilson	CFO & COO	129,783	280,757*	170,122	0.09%
Nick Brown	Managing Director	117,103	367,103	827,312	0.43%
David Rasche	Chairman	-	160,000	725,233	0.37%

*150,974 of these Ordinary Shares sold were sold by Cath Wilson, wife of Dave Wilson

Details of the person discharging managerial responsibilities / person closely associated

Name

1. Dave Wilson

2. Nick Brown

Reason for the notification

Position/status

1. CFO & COO

2. Managing Director

Initial notification

/Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

GB Group plc

LEI

213800RBAFZIBCV7XR29

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, type of instrument

Identification code

Ordinary shares of 2.5 pence

GB0006870611

Nature of the transaction

Acquisition of Ordinary Shares following the exercise of options

Price(s) and volume(s)

Price(s)

Volume(s)

2.5p

129,783

2.5p

117,103

Aggregated information

· Aggregated volume

· Price

Price(s)

Volume(s)

2.5p

129,783

2.5p

117,103

Date of the transaction

26 November 2019

Place of the transaction

Outside a trading venue

Details of the person discharging managerial responsibilities / person closely associated

Name

1. Dave Wilson

2. Nick Brown

3. David Rasche

Reason for the notification

Position/status

1. CFO & COO

2. Managing Director

3. Chairman

Initial notification

/Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

GB Group plc

LEI

213800RBAFZIBCV7XR29

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, type of instrument

Identification code

Ordinary shares of 2.5 pence

GB0006870611

Nature of the transaction

Sale of Ordinary Shares.

Price(s) and volume(s)

	Price(s)	Volume(s)
1	710p	129,783
2	710p	367,103
3	710p	160,000

Aggregated information

· Aggregated volume

· Price

	Price(s)	Volume(s)
1	710p	129,783
2	710p	367,103
3	710p	160,000

Date of the transaction

26 November 2019

Place of the transaction

London Stock Exchange (XLON); AIM

Details of the person discharging managerial responsibilities / person closely associated

Name

Dave Wilson

Reason for the notification

Position/status

CFO & COO

Initial notification

/Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

GB Group plc

LEI

213800RBAFZIBCV7XR29

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, type of instrument

Identification code

Ordinary shares of 2.5 pence

GB0006870611

Nature of the transaction

Transfer of Ordinary Shares to PCA, Cath Wilson

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

140,974

Aggregated information

· Aggregated volume

· Price

Price(s)

Volume(s)

N/A

140,974

Date of the transaction

26 November 2019

Place of the transaction

Outside a trading venue

Details of the person discharging managerial responsibilities / person closely associated

Name

Cath Wilson

Reason for the notification

Position/status

PCA of Dave Wilson, CFO & COO

Initial notification

/Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

GB Group plc

LEI

213800RBAFZIBCV7XR29

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, type of instrument

Identification code

Ordinary shares of 2.5 pence

GB0006870611

Nature of the transaction

Sale of Ordinary Shares

Price(s) and volume(s)

Price(s)

Volume(s)

710p

150,974

Aggregated information

· Aggregated volume

· Price

Price(s)

Volume(s)

710p

150,974

Date of the transaction

26 November 2019

Place of the transaction

London Stock Exchange (XLON); AIM

- Ends-

For further information, please contact:

GB Group plc

John Constantin, Company Secretary

01244 657333

Peel Hunt LLP (Nominated Adviser and Broker)

Edward Knight

Edward Allsopp

Nick Prowting

020 7418 8900

Website

www.gbgplc.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

END

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RNS metadata

Title: Correction - Notification of Directors' Interests
Time: 13:09:54
Date: 28 Nov 2019
Category: Director/PDMR dealings
ID: 0347V