RNS Number : 6085V
Begbies Traynor Group PLC
24 July 2018
 

24 July 2018

 

Begbies Traynor Group plc

 

Director/PDMR Shareholding

 

Julie Palmer, Regional Managing Partner at Begbies Traynor Group plc, has exercised share options ("the Options") over 50,000 ordinary 5 pence shares in the Group ("Ordinary Shares") at an exercise price of 36.69 pence.  Using net settlement, this has resulted in the issue and allotment of 23,375 Ordinary Shares. The Ordinary Shares are expected to be admitted to trading on AIM on 30 July 2018.

 

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

Julie Palmer

2.

Reason for the notification

a)

Position / status

Regional Managing Partner

b)

Initial notification / amendment

23 July 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

Options granted at an option price of 36.69 pence over 50,000 Ordinary Shares

b)

Nature of the transaction

Exercise of options over 50,000 Ordinary Shares at an exercise price of 36.69 pence.  The Options have been exercised by net settlement, using the closing price on 23 July 2018 of 68.90 pence. This has resulted in the issue and allotment of 23,375 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)

68.9 pence

23,375

e)

Date of the transaction

23 July 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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