Begbies Traynor Group PLC Additional Allotment and New Issue including PDMR (3937N)
22 September 2023 - 8:27PM
UK Regulatory
TIDMBEG
RNS Number : 3937N
Begbies Traynor Group PLC
22 September 2023
22 September 2023
Begbies Traynor Group plc
( "Group")
Additional Allotment and New Issue including director/PDMR
shareholder
Begbies Traynor Group plc, announces that it has today applied
to the AIM market of the London Stock Exchange for an additional
listing of 297,382 fully paid up ordinary 5 pence shares in the
Group ("Ordinary Shares") to satisfy the exercise by staff of
certain share options. Incorporated within the additional listing
are Ordinary Shares which have been allotted to Mark Fry, head of
business recovery and advisory, who has exercised share options
over 400,000 Ordinary Shares at an exercise price of 36.69 pence
("Options"). Settling the Options net of the relevant option price
has resulted in the additional issue and allotment of 273,483
Ordinary Shares to him.
Admission of these shares is expected to occur on Wednesday 27
September 2023 f ollowing which the total number of shares in issue
and total voting rights will be 157,291,760.
In addition to exercising the Options Mark Fry has also sold
135,000 Ordinary Shares from his beneficial holding in the Group at
a sale price of 116 pence per share to meet his taxation obligation
in respect of the new share issue.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1. Details of PDMR / person closely associated with them
("PCA")
a) Name Mark Fry
--------------------- ----------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------
a) Position / status Head of Business Recovery and Advisory
--------------------- ----------------------------------------------
b) Initial notification Initial Notification
/ amendment
--------------------- ----------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name Begbies Traynor Group plc
--------------------- ----------------------------------------------
b) LEI 21380075TB4ROF7KWK30
--------------------- ----------------------------------------------
4. 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
---------------------------------------------------------------------
a) Description Ordinary Shares at 5 pence each and share
of the financial options granted at option prices of 36.69
instrument pence over 400,000 Ordinary Shares.
--------------------- ----------------------------------------------
b) Nature of the The exercise of share options over 400,000
transactions Ordinary Shares at an exercise price
of 36.69 pence. The Options have been
exercised net of the relevant option
prices, in each case using the closing
share price on 19 September 2023 of 116.00
pence. This has resulted in the issue
and allotment of 273,483 fully paid Ordinary
Shares for which the Company has applied
to AIM for listing and which upon admission
will rank pari passu with the Company's
other Ordinary Shares.
Sale of 135,000 Ordinary Shares on 21
September 2023.
--------------------- ----------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 36.69 pence 400,000
----------
116 pence 135,000
----------
--------------------- ----------------------------------------------
e) Dates of the 19 September 2023 and 21 September 2023
transaction
--------------------- ----------------------------------------------
f) Place of the London Stock Exchange (AIM)
transaction
--------------------- ----------------------------------------------
Enquiries please contact:
Begbies Traynor Group plc 0161 837 1700
John Humphrey - Company Secretary
Canaccord Genuity Limited 020 7523 8350
(Nominated Adviser and Joint Broker)
Emma Gabriel / Harry Pardoe
Shore Capital 020 7408 4090
(Joint Broker)
Malachy McEntyre / Mark Percy / Anita Ghanekar / James
Thomas
MHP Communications 020 3128 8572
Reg Hoare / Katie Hunt / Pauline Guenot begbies@mhpc.com
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END
ALSFLFFIAEIFFIV
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September 22, 2023 06:27 ET (10:27 GMT)
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