Begbies Traynor Group PLC Director/PDMR Shareholding (8501S)
09 November 2019 - 3:00AM
UK Regulatory
TIDMBEG
RNS Number : 8501S
Begbies Traynor Group PLC
08 November 2019
8 November 2019
Begbies Traynor Group plc
Grant of Share Options and Notification of Transactions of
persons discharging managerial responsibilities ("PDMRs")
Begbies Traynor Group plc ("the Group"), announces that the
board has today made a Grant of Share Options under the Group's
Share Option Scheme 2013 to two persons classified as persons
discharging managerial responsibilities ("PDMRs"). They are Anthony
Spencer the Managing Partner of Eddisons and Richard Roe who is the
Senior Partner of Eddisons each of whom have been granted options
over 600,000 ordinary 5 pence shares in the Group ("Ordinary
Shares") at an option price of 87.56pence.
The awards will only vest in the event that certain performance
hurdles are achieved and, in any event, these may only be exercised
after a period of 5 years provided that the individual remains with
the Group. The two performance hurdles which apply independently
over 300,000 Ordinary Shares per condition are: compound annual
growth rate of at least 6% over RPI in a consecutive 4 year period;
and total shareholder return to equal or exceed the median of the
combined constituents of the FTSE AIM Financial Services and FTSE
AIM Industrial Goods and Services indices over the same period.
The options detailed above together with other share option
awards previously made to selected senior staff, if exercised in
full, will represent approximately 1.18% of the Group's issued
share capital.
The information set out below is provided in accordance with the
requirements of Article 19(3) of the EU Market Abuse Regulation No
596/2014.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name 1. Anthony Spencer
2. Richard Roe
--------------------------------- -------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status 1. Managing Partner of Eddisons
2. Senior Partner of Eddisons
--------------------------------- -------------------------------------------
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 of the Ordinary Shares of 5 pence each
financial instrument,
type of instrument
ISIN: GB00B0305S97
Identification code
--------------------------------- -------------------------------------------
b) Nature of the transaction Grant of share options under the Group's
Share Option Scheme 2013
--------------------------------- -------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------------------------- ------------------------ -----------------
1. 87.56p per 1. 600,000
Ordinary share
2. 87.56p per 2. 600,000
Ordinary share
--------------------------------- ------------------------ -----------------
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
e) Date of the transaction 1. 8 November 2019
2. 8 November 2019
--------------------------------- -------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--------------------------------- -------------------------------------------
For further information, please contact:
Begbies Traynor Group plc 0161 837 1700
John Humphrey
Canaccord Genuity Limited 020 7523 8350
(Nominated Adviser and Joint Broker)
David Tyrrell / Sunil Duggal
Shore Capital 020 7408 4090
(Joint Broker)
Mark Percy / Anita Ghanekar
MHP Communications 020 3128 8572
Reg Hoare / Katie Hunt / Florence Mayo
Information on Begbies Traynor Group can be accessed via the
group's website at
www.begbies-traynorgroup.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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