Tribal Group PLC Grant of Options (9413O)
23 May 2018 - 2:40AM
UK Regulatory
TIDMTRB
RNS Number : 9413O
Tribal Group PLC
22 May 2018
22 May 2018
Tribal Group plc
("Tribal", the "Company" or the "Group")
Grant of Options
Tribal (AIM: TRB), a leading provider of software and services
to the international education management market, announces that on
the 22 May 2018, under the terms of its 2018 Long Term Incentive
Plan, the Company granted nil-cost options over 339,196 ordinary
shares of 5 pence each in the Company ("Ordinary Shares") to Chief
Executive, Ian Bowles and granted nil-cost options over 251,256
Ordinary Shares to Chief Financial Officer, Mark Pickett.
Each award has been granted subject to performance conditions
based on the Group's Adjusted Operating Profit over a performance
period ending 31 December 2018. Each award will, ordinarily, vest
on the third anniversary of the grant.
In total, awards have been granted over 590,452 Ordinary Shares
representing approximately 0.30% of the Company's issued share
capital on this date.
Name Title Number of Ordinary Exercise
Shares over which price
award granted
------------- ---------------- ------------------- ---------
Ian Bowles Chief Executive 339,196 Nil cost
------------- ---------------- ------------------- ---------
Mark Pickett Chief Financial 251,256 Nil cost
Officer
------------- ---------------- ------------------- ---------
1. Details of PDMR / person closely associated
("PCA")
--- --------------------------------------------------------------------
a) Name i. Ian Bowles
ii. Mark Pickett
--- -------------------------- ----------------------------------------
2. Reason for the notification
--- --------------------------------------------------------------------
a) Position / status i. Chief Executive
ii. Chief Financial Officer
--- -------------------------- ----------------------------------------
b) Initial notification Initial notification
/ amendment
--- -------------------------- ----------------------------------------
3. Details of the issuer
--- --------------------------------------------------------------------
a) Name Tribal Group plc
--- -------------------------- ----------------------------------------
b) LEI 2138003DLFRH7CB89Z84
--- -------------------------- ----------------------------------------
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 Options over ordinary shares
financial instrument, of GBP0.05 each
type of instrument
--- -------------------------- ----------------------------------------
b) Identification code GB0030181522
--- -------------------------- ----------------------------------------
c) Nature of the transaction Grant of options over Ordinary
Shares
--- -------------------------- ----------------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) ------------------- ------------------
i. Nil cost i. 339,196
ii. Nil cost ii. 251,256
------------------- ------------------
--- -------------------------- ----------------------------------------
e) Aggregated information
* Volume 590,452
N/A
* Price
--- -------------------------- ----------------------------------------
f) Date of the transaction 22 May 2018
--- -------------------------- ----------------------------------------
g) Place of the transaction Outside a trading venue
--- -------------------------- ----------------------------------------
- Ends -
For further information please contact:
Tribal Group plc Tel: 0330 016 4000
Roger McDowell
Chairman, Remuneration Committee
Email: hello@tribalgroup.com
Web: www.tribalgroup.com
Investec Bank plc Tel: 020 7597 5970
Sara Hale
Andrew Pinder
William Godfrey
N+1 Singer Advisory LLP Tel: 0207 496 3000
Shaun Dobson
Alex Price
About Tribal Group plc
Tribal Group plc is a pioneering world-leader of education
software and services. Its portfolio includes Student Information
Systems; a broad range of education services covering quality
assurance, peer review, benchmarking and improvement; and student
surveys that provide the leading global benchmarks for student
experience. Working with Higher Education, Further and Tertiary
Education, schools, Government and State bodies, training providers
and employers, in over 55 countries; Tribal Group's mission is to
empower the world of education with products and services that
underpin student success.
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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