RNS Number : 7586B
Begbies Traynor Group PLC
24 September 2018
 

24 September 2018

 

Begbies Traynor Group plc

 

Director/PDMR Shareholding

 

Nick Taylor, Group Finance Director at Begbies Traynor Group plc, has exercised share options over 125,000 ordinary 5 pence shares in the Group ("Ordinary Shares") at an exercise price of 36.69 pence ("Options").  Using net settlement, this has resulted in the issue and allotment of 61,742 Ordinary Shares. The Ordinary Shares are expected to be admitted to trading on AIM on 27 September 2018. In addition to exercising the Options Nick Taylor has also sold 25,000 Ordinary Shares in the Group at a sale price of 70.25 pence.

 

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

Nick Taylor

2.

Reason for the notification

a)

Position / status

Group Finance Director

b)

Initial notification / amendment

21 September 2018

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Begbies Traynor Group plc

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 financial instrument

Ordinary Shares and options granted at an option price of 36.69 pence over 125,000 Ordinary Shares

b)

Nature of the transactions

Sale of 25,000 Ordinary Shares and the exercise of options over 125,000 Ordinary Shares at an exercise price of 36.69 pence.  The Options have been exercised by net settlement, using the closing price on 21 September 2018 of 72.50 pence. This has resulted in the issue and allotment of 61,742 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.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

70.25 pence

25,000

72.50 pence

61,742

e)

Date of the transaction

21 September 2018

f)

Place of the transaction

London Stock Exchange, AIM

 

For further information:

Begbies Traynor Group plc                                                                      0161 837 1700

John Humphrey


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