Begbies Traynor Group PLC Director/PDMR Shareholding (7354W)

TIDMBEG

RNS Number : 7354W

Begbies Traynor Group PLC

12 December 2019

12 December 2019

Begbies Traynor Group plc

Director/PDMR Shareholding

John Humphrey, Group Company Secretary 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 51 pence and over 50,000 Ordinary Shares at an exercise price of 36.69 pence. Using net settlement, this has resulted in the issue and allotment of 70,748 Ordinary Shares. The Ordinary Shares are expected to be admitted to trading on AIM on 18 December 2019.

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 (PDMR) 
     ---------------------  ------------------------------------------- 
 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 
     ---------------------  ------------------------------------------- 
 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       51 pence over 100,000 Ordinary Shares 
       instrument             and an option price of 36.69 pence over 
                              50,000 Ordinary Shares. 
     ---------------------  ------------------------------------------- 
 b)   Nature of the          Exercise of options over 100,000 Ordinary 
       transaction            Shares at an exercise price of 51 pence 
                              and 50,000 Ordinary Shares at an exercise 
                              price of 36.69 pence. The Options have 
                              been exercised by net settlement, using 
                              the closing price on 11 December 2019 
                              of 87.5 pence. This has resulted in the 
                              issue and allotment of 70,748 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)               87.50pence    70,748 
                                            ---------- 
     ---------------------  ------------------------------------------- 
 e)   Date of the            12 December 2019 
       transaction 
     ---------------------  ------------------------------------------- 
 f)   Place of the           London Stock Exchange, AIM 
       transaction 
     ---------------------  ------------------------------------------- 
 

For further information:

Begbies Traynor Group plc 0161 837 1700

John Humphrey

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December 12, 2019 11:19 ET (16:19 GMT)