Grant of 2021 SAYE options 20 October 2021
Grant of 2021 SAYE options
TGG, the nationwide operator of 196 low cost, high quality, 24/7 no contract gyms is pleased to announce that on 20 October 2021 pursuant to The Gym Group plc's Save As You Earn Scheme ("2021 SAYE Scheme" or "SAYE"), the Company has granted options, under which employees have been offered the opportunity to participate in the future growth of the Company via share option arrangements.
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 £2.36 per Ordinary Share in accordance with the terms of the 2021 SAYE Scheme. The Options were issued on 20 October 2021 and will normally be exercisable from 1 December 2024 for six months.
A total of 84 employees elected to participate in the 2021 SAYE Scheme, and pursuant to these elections Options over a total of 166,171 Ordinary Shares have been issued, equating to approximately 0.094% of the Company's issued share capital.
FOR FURTHER INFORMATION, PLEASE CONTACT:
The Gym Group:
Richard Darwin, CEO
Mark George, CFO
via Tulchan Communications
0207 353 4200