RNS Number : 9025U
Begbies Traynor Group PLC
02 April 2019
 

2 April 2019

 

Begbies Traynor Group plc

 

Director/PDMR Shareholding

 

Richard Roe, Managing Director of Eddisons Commercial (Holdings) Limited, a company within Begbies Traynor Group plc ("Company"), has exercised an exchange notice in respect of employee shareholder status shares ("ESS Shares") held pursuant to the Eddisons employee shareholder scheme which has resulted in the issue and allotment of 101,945 ordinary shares of 5 pence each in the Company ("Ordinary Shares"). The Ordinary Shares are expected to be admitted to trading on AIM on 8 April 2019.

 

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

Richard Roe

2.

Reason for the notification

a)

Position / status

Director

b)

Initial notification / amendment

29 March 2019

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

Satisfaction of ESS Shares exchanged for 101,945 Ordinary Shares

b)

Nature of the transaction

Satisfaction of an exchange notice over 101,945 ESS Shares by the issue of 101,945 Ordinary Shares at an exercise price of 61.50 pence.  The ESS Shares have been exercised using the closing price on 20 March 2019 of 61.50 pence and satisfied by the issue of Ordinary Shares within the 30 day time period prescribed in the relevant scheme rules. This has resulted in the issue and allotment of 101,945 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)

61.50 pence

101,945

e)

Date of the transaction

29 March 2019

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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