Begbies Traynor Group PLC Director/PDMR Shareholding (7781K)

TIDMBEG

RNS Number : 7781K

Begbies Traynor Group PLC

12 April 2018

12 April 2018

Begbies Traynor Group plc

Director/PDMR Shareholding

Paul Stanley, Regional Managing Partner at Begbies Traynor Group plc, has exercised share options ("the Options") over 100,000 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 44,510 Ordinary Shares. The Ordinary Shares are expected to be admitted to trading on AIM on 18 April 2018.

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                   Paul Stanley 
---  ---------------------  ---------------------------------------- 
 2.   Reason for the notification 
---  --------------------------------------------------------------- 
 a)   Position               Regional Managing Partner 
       / status 
---  ---------------------  ---------------------------------------- 
 b)   Initial notification   11 April 2018 
       / 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 100,000 
       instrument             Ordinary Shares 
---  ---------------------  ---------------------------------------- 
 b)   Nature of              Exercise of options over 100,000 
       the transaction        Ordinary Shares at an exercise 
                              price of 36.69 pence. The Options 
                              have been exercised by net settlement, 
                              using the closing price on 11 
                              April 2018 of 66.50 pence. This 
                              has resulted in the issue and 
                              allotment of 44,510 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)                Price(s)       Volume(s) 
       and volume(s)          -------------  ---------- 
                               66.12 pence    44,510 
                              -------------  ---------- 
---  ---------------------  ---------------------------------------- 
 e)   Date of the            11 April 2018 
       transaction 
---  ---------------------  ---------------------------------------- 
 f)   Place of               London Stock Exchange, AIM 
       the transaction 
---  ---------------------  ---------------------------------------- 
 

For further information:

 
 Begbies Traynor Group                                             0161 837 1700 
  plc 
 John Humphrey 
 Canaccord Genuity                                                 020 7523 8000 
  Limited 
  (Nomad & Joint Broker) 
-------------------------  ----------------------------------------------------- 
 Sunil Duggal 
-------------------------  ----------------------------------------------------- 
 Andrew Buchanan 
-------------------------  ----------------------------------------------------- 
 Margarita Mitropoulou 
-------------------------  ----------------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 12, 2018 10:58 ET (14:58 GMT)