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LONDON - GB Group PLC (LON:GBG) has granted performance share plan awards to two of its top executives, according to a company statement released Thursday.
Chief Executive Officer Dev Dhiman received options for a maximum of 448,583 ordinary shares, while Chief Finance Officer David Ward was granted options for up to 314,095 shares.
The awards, granted on September 17, are subject to a performance period running from April 1, 2025, to March 31, 2028. Recipients will pay the nominal value of 2.5 pence per share if the options are exercised.
The company noted that the actual number of shares that will vest depends on the extent to which performance conditions are met. The awards include adjustment provisions, malus and clawback terms, and a mandatory two-year holding period following vesting.
GB Group, which specializes in identity verification and fraud prevention solutions, made the disclosure in accordance with UK Market Abuse Regulation requirements for transactions by persons discharging managerial responsibilities.
The options were granted outside of a trading venue as part of the company’s executive compensation structure.
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