Begbies Traynor Group PLC Director/PDMR Shareholding (7585R)

TIDMBEG

RNS Number : 7585R

Begbies Traynor Group PLC

25 September 2017

25 September 2017

Begbies Traynor Group plc

Director/PDMR Shareholding

John Humphrey, Group Company Secretary 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                   John Humphrey 
---  ---------------------  ---------------------------------------------- 
 2.   Reason for the notification 
---  --------------------------------------------------------------------- 
 a)   Position / status      Group Company Secretary 
---  ---------------------  ---------------------------------------------- 
 b)   Initial notification   22 September 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 price of 
       of the financial       36.69 pence over 50,000 Ordinary Shares 
       instrument 
---  ---------------------  ---------------------------------------------- 
 b)   Nature of the          Exercise of options over 50,000 Ordinary 
       transaction            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            Price(s)       Volume(s) 
       volume(s)              -------------  ---------- 
                               66.50 pence    22,414 
                              -------------  ---------- 
---  ---------------------  ---------------------------------------------- 
 e)   Date of the            22 September 2017 
       transaction 
---  ---------------------  ---------------------------------------------- 
 f)   Place of the           London Stock Exchange, AIM 
       transaction 
---  ---------------------  ---------------------------------------------- 
 

For further information:

Begbies Traynor Group plc 0161 837 1700

John Humphrey

 
 
Canaccord Genuity Limited                                                                   020 7523 8000 
 (Nomad & Joint Broker) 
Bruce Garrow 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 25, 2017 12:09 ET (16:09 GMT)