Begbies Traynor Group PLC Director/PDMR Shareholding (8501S)

TIDMBEG

RNS Number : 8501S

Begbies Traynor Group PLC

08 November 2019

8 November 2019

Begbies Traynor Group plc

Grant of Share Options and Notification of Transactions of persons discharging managerial responsibilities ("PDMRs")

Begbies Traynor Group plc ("the Group"), announces that the board has today made a Grant of Share Options under the Group's Share Option Scheme 2013 to two persons classified as persons discharging managerial responsibilities ("PDMRs"). They are Anthony Spencer the Managing Partner of Eddisons and Richard Roe who is the Senior Partner of Eddisons each of whom have been granted options over 600,000 ordinary 5 pence shares in the Group ("Ordinary Shares") at an option price of 87.56pence.

The awards will only vest in the event that certain performance hurdles are achieved and, in any event, these may only be exercised after a period of 5 years provided that the individual remains with the Group. The two performance hurdles which apply independently over 300,000 Ordinary Shares per condition are: compound annual growth rate of at least 6% over RPI in a consecutive 4 year period; and total shareholder return to equal or exceed the median of the combined constituents of the FTSE AIM Financial Services and FTSE AIM Industrial Goods and Services indices over the same period.

The options detailed above together with other share option awards previously made to selected senior staff, if exercised in full, will represent approximately 1.18% of the Group's issued share capital.

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                               1. Anthony Spencer 
                                          2. Richard Roe 
     ---------------------------------  ------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------ 
 a)   Position/status                    1. Managing Partner of Eddisons 
                                          2. Senior Partner of Eddisons 
     ---------------------------------  ------------------------------------------- 
 b)   Initial notification               Initial Notification 
       /Amendment 
     ---------------------------------  ------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------ 
 a)   Name                               Begbies Traynor Group plc 
     ---------------------------------  ------------------------------------------- 
 b)   LEI                                21380075TB4ROF7KWK30 
     ---------------------------------  ------------------------------------------- 
 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                 Ordinary Shares of 5 pence each 
       financial instrument, 
       type of instrument 
                                          ISIN: GB00B0305S97 
       Identification code 
     ---------------------------------  ------------------------------------------- 
 b)   Nature of the transaction          Grant of share options under the Group's 
                                          Share Option Scheme 2013 
     ---------------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)              Price(s)                  Volume(s) 
     ---------------------------------  ------------------------  ----------------- 
                                         1. 87.56p per             1. 600,000 
                                          Ordinary share 
                                          2. 87.56p per             2. 600,000 
                                           Ordinary share 
     ---------------------------------  ------------------------  ----------------- 
 d)   Aggregated information 
 
       - Aggregated volume                 N/A (Single transaction) 
 
       - Price 
 e)   Date of the transaction            1. 8 November 2019 
                                          2. 8 November 2019 
     ---------------------------------  ------------------------------------------- 
 f)   Place of the transaction           London Stock Exchange, AIM 
     ---------------------------------  ------------------------------------------- 
 

For further information, please contact:

Begbies Traynor Group plc 0161 837 1700

John Humphrey

Canaccord Genuity Limited 020 7523 8350

(Nominated Adviser and Joint Broker)

David Tyrrell / Sunil Duggal

Shore Capital 020 7408 4090

(Joint Broker)

Mark Percy / Anita Ghanekar

MHP Communications 020 3128 8572

Reg Hoare / Katie Hunt / Florence Mayo

Information on Begbies Traynor Group can be accessed via the group's website at

www.begbies-traynorgroup.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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November 08, 2019 11:00 ET (16:00 GMT)