Director dealings: Cutting season at the Gym Group sees director shed half a million shares

UK-based health and fitness facilities provider The Gym Group announced on Friday that its senior independent non-executive director Paul Gilbert had sold more than £1m worth of shares in the budget gym chain on Thursday.

Gilbert, who had previously served as chairman of The Gym Group between 2012 and 2015, dumped 500,000 shares at a price of 210.00p, in a deal that earnt him a gross amount of £1,050,000.

The Gym Group acquired 18 gyms at a cost of £21m in September, just one month after the firm reported its first-half pre-tax profit had risen to £5.9m from the £3.4m it had posted a year earlier.

As of 1655 BST, Gym Group shares had gained 0.12% to 214.00p, just below a 52-week high.

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