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.



Details of the person discharging managerial responsibilities/person closely associated



1.   Anthony Spencer

2.   Richard Roe


Reason for the notification




1.   Managing Partner of Eddisons

2.   Senior Partner of Eddisons



Initial notification /Amendment

Initial Notification


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





Begbies Traynor Group plc







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  



Description of the financial instrument, type of instrument


Identification code


Ordinary Shares of 5 pence each



ISIN: GB00B0305S97




Nature of the transaction


Grant of share options under the Group's Share Option Scheme 2013



Price(s) and volume(s)






1.   87.56p per Ordinary share

2.   87.56p per Ordinary share


1.   600,000

2.   600,000




Aggregated information


- Aggregated volume


- Price




N/A (Single transaction)



Date of the transaction


1.   8 November 2019

2.   8 November 2019





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



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