Triad Group Plc Director/PDMR Shareholding (9714U)

TIDMTRD

RNS Number : 9714U

Triad Group Plc

24 January 2017

Triad Group plc

("Triad" or "the Company")

Director/PDMR Shareholding

Triad Group plc, the UK-based IT systems, consulting and resourcing company, was notified on 11 January 2017 that Nick Burrows, Finance Director, has exercised 20,000 options over Ordinary shares of 1p each ("Ordinary Shares"), granted pursuant to the Company's 2008 Share Option Scheme, at an exercise price of 14 pence per Ordinary share. In addition, other employees exercised 5,000 options over Ordinary Shares at an exercise price of 14 pence per Ordinary share and 45,000 options over Ordinary shares at an exercise price of 13.5p per Ordinary share.

These 70,000 Ordinary Shares were admitted to trading on 11 January 2017 pursuant to an existing block listing granted to the Company by London Stock Exchange plc and will rank pari pasu with existing Ordinary Shares.

Following the issue of these Ordinary Shares, the total number of voting rights in Triad is 15,309,579, which number should be used by shareholders and other parties subject to disclosure obligations as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the share capital of Triad under the FCA's Disclosure and Transparency rules.

 
 For further information, please contact: 
 Triad Group 
  Plc 
  Nick Burrows 
  Company Secretary 
  Tel: [phone] 
 

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.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------- 
 a)   Name                      Nick Burrows 
---  ------------------------  --------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------- 
 a)   Position/status           Director 
---  ------------------------  --------------------------- 
 b)   Initial notification      Initial notification 
       /Amendment 
---  ------------------------  --------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------- 
 a)   Name                      Triad Group plc 
---  ------------------------  --------------------------- 
 b)   LEI 
---  ------------------------  --------------------------- 
 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            Ordinary shares of 1p each 
       the financial 
       instrument, type 
       of instrument             ISIN : GB0009035741 
 
       Identification 
       code 
---  ------------------------  --------------------------- 
 b)   Nature of the             Exercise of Options 
       transaction 
---  ------------------------  --------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
                                   GBP0.14     20,000 
                                  ----------  ---------- 
---  ------------------------  --------------------------- 
 d)   Aggregated information    N/A (Single transaction) 
 
       - Aggregated 
       volume 
 
 
       - Price 
---  ------------------------  --------------------------- 
 e)   Date of the transaction   11 January 2017 
---  ------------------------  --------------------------- 
 f)   Place of the              Outside of a trading venue 
       transaction 
---  ------------------------  --------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUSUARBUAAUAR

(END) Dow Jones Newswires

January 24, 2017 07:21 ET (12:21 GMT)