Section 430(2B) Companies Act 2006 Statement

Chris Clark - 31 January 2024

Further to the announcements made on 8 November 2023, GB Group plc ("the Company") confirms that Chris Clark stepped down as a Director of the Company on 30 January 2024. As required by section 430(2B) of the Companies Act 2006, details of the remuneration payments made to or to be made to Chris are set out below.

  1. Chris’s services will be available to the Company until 31 July 2024 (“End Date”). Up to and including the End Date Chris’s salary and benefits will continue in the usual way.  

  2. A bonus will be payable to Chris in relation to the Company’s FY24 (ending 31 March 2024) financial year, this will be calculated in accordance with the rules of the bonus scheme and will be paid in or around July 2024.  No bonus will be payable to Chris for any subsequent financial year, including for time served from 1 April 2025 to End Date.

  3. Chris will be treated as a 'Good Leaver' under the rules of both the Company’s Share Matching Plan granted in 2021 and the Performance Share Plan granted in 2022 and 2023 (“the Awards”).

  4. The Awards will vest at the normal vesting dates, subject to the relevant plan rules, achievement of the relevant performance conditions and shall be exercisable on a pro-rated basis, calculated up to the period of time served from the date of grant to the End Date.

  5. No other payments are due to be paid to Chris.

Further information

The relevant remuneration details relating to Chris, will be included in the Directors' Remuneration Report in the Annual Report and Accounts for the year ending 31 March 2024. In accordance with section 430(2B) of the Companies Act 2006, the information contained in this document will be made available on the Company’s website until the Company’s next Directors' Remuneration Report is made available.

31 January 2024

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