Begbies Traynor Group PLC Director/PDMR Shareholding and Issue of Equity (5579T)

TIDMBEG

RNS Number : 5579T

Begbies Traynor Group PLC

06 January 2017

6 January 2017

Begbies Traynor Group plc

Director/PDMR Shareholding and Issue of Equity

Julie Palmer, Regional Managing Partner at Begbies Traynor Group plc, has exercised share options ("the Options") over 150,000 ordinary 5 pence shares in the Group ("Ordinary Shares") at an exercise price of 36.69p. Using net settlement, this has resulted in the issue and allotment of 42,088 Ordinary Shares. The Ordinary Shares are expected to be admitted to trading on AIM on 11 January 2017

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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               Regional Managing Partner 
       / status 
---  ---------------------  ---------------------------------------- 
 b)   Initial notification   4 January 2017 
       / amendment 
---  ---------------------  ---------------------------------------- 
 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            Options granted at an option 
       of the financial       price of 36.69 pence over 150,000 
       instrument             Ordinary Shares 
---  ---------------------  ---------------------------------------- 
 b)   Nature of              Exercise of options over 150,000 
       the transaction        Ordinary Shares at an exercise 
                              price of 36.69 pence. The Options 
                              have been exercised by net settlement, 
                              using the closing price of 4 
                              January 2017 of 51.00 pence. 
                              This has resulted in the issue 
                              and allotment of 42,088 fully 
                              paid Ordinary Shares for which 
                              the Company has applied to AIM 
                              for listing and which upon admission 
                              will rank pari passu with the 
                              Group's other Ordinary Shares. 
---  ---------------------  ---------------------------------------- 
 c)   Price(s)                Price(s)       Volume(s) 
       and volume(s)          -------------  ---------- 
                               51.00 pence    42,088 
                              -------------  ---------- 
---  ---------------------  ---------------------------------------- 
 e)   Date of the            4 January 2017 
       transaction 
---  ---------------------  ---------------------------------------- 
 f)   Place of               London Stock Exchange, AIM 
       the transaction 
---  ---------------------  ---------------------------------------- 
 

For further information:

Begbies Traynor Group plc 0161 837 1700

John Humphrey

Canaccord Genuity Limited 020 7523 8350

(Nominated Adviser and Joint Broker)

Bruce Garrow / Nilesh Patel / Rory Horswell

Shore Capital (Joint Broker) 020 7408 4090

Mark Percy / Anita Ghanekar

MHP Communications 020 3128 8100

Reg Hoare / Katie Hunt / Giles Robinson

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 06, 2017 06:14 ET (11:14 GMT)