RNS Number : 7575R
Begbies Traynor Group PLC
25 September 2017
 

25 September 2017

 

Begbies Traynor Group plc

 

Director/PDMR Shareholding

 

Paul Stanley, 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 22,414 Ordinary Shares. The Ordinary Shares are expected to be admitted to trading on AIM on 29 September 2017.

 

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

Paul Stanley

2.

Reason for the notification

a)

Position / status

Regional Managing Partner

b)

Initial notification / amendment

22 September 2017

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 22 September 2017 of 66.50 pence. This has resulted in the issue and allotment of 22,414 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)

66.50 pence

22,414

e)

Date of the transaction

22 September 2017

f)

Place of the transaction

London Stock Exchange, AIM

 

For further information:

Begbies Traynor Group plc                                                                      0161 837 1700

John Humphrey

Canaccord Genuity Limited

(Nomad & Joint Broker)                                                                         020 7523 8000

Bruce Garrow    


This information is provided by RNS
The company news service from the London Stock Exchange
 
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