Driver Group plc Exercise of Options (0514P)

TIDMDRV

RNS Number : 0514P

Driver Group plc

16 June 2022

DRIVER GROUP PLC

("Driver" or the "Group")

Exercise of Options, PDMR Shareholding and Total Voting Rights

Driver Group plc (AIM: DRV), the leading global professional services consultancy to the construction and engineering industries providing multi-disciplinary consultancy services including expert witness, claims and dispute resolution services, announces that on 15 June 2022, options over 170,000 ordinary shares of 0.4 pence each in the Company ("Ordinary Shares") have been exercised by certain employees with an exercise price of nil pence per Ordinary Share (the "Options") pursuant to the Company's share option plan.

PDMR Shareholding

Of the Options, 50,000 have been exercised by Tom Comerford. Following the exercise, Mr Comerford's total beneficial holding is 55,600 Ordinary Shares, representing 0.1% of the Company's issued share capital.

To satisfy the exercise of the Options, 170,000 existing Ordinary Shares were transferred from treasury.

Following this transfer, the issued share capital of the Company consists of 53,962,868 Ordinary Shares of which 469,654 are held in treasury. Therefore, the total number of Ordinary Shares carrying voting rights in Driver is 53,493,214. This figure of 53,493,214 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the Company under the Disclosure Guidance and Transparency Rules.

Enquiries:

   Driver Group plc     020 7377 0005 

Mark Wheeler (CEO)

David Kilgour (CFO)

   Singer Capital Markets  (Nomad & Broker)     020 7496 3000 

Sandy Fraser

Will Goode

Katherine Coppock

   Acuitas Communications       07736 220 565 
   Simon Nayyar    [e-mail] 
   Edward Lee       [e-mail] 

Details of the transactions can be found in the Notification of Dealing Form below.

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                   Tom Comerford 
      -------------------------------------  --------------------------------- 
       Reason for the notification 
  2 
      ------------------------------------------------------------------------ 
 a)    Position/status                        Chief Operating Officer 
      -------------------------------------  --------------------------------- 
 b)    Initial notification                   15/06/2022 
        /Amendment 
      -------------------------------------  --------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------ 
 a)    Name                                   Driver Group Plc 
      -------------------------------------  --------------------------------- 
 b)    LEI                                    213800FN83KF8AF4Y572 
      -------------------------------------  --------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                             Ordinary Shares 
        of the financial 
        instrument, 
        type of instrument 
 
       Identification 
        code 
 
 b)    Nature of the                          Exercise of share options 
        transaction 
      -------------------------------------  --------------------------------- 
 c)    Price(s) and 
        volume(s) 
                                             --------------  --------------- 
                                              Price(s)        Volume(s) 
                                             --------------  --------------- 
                                              GBPnil          50,000 
                                             --------------  --------------- 
 
 d)    Aggregated information                 n/a - single transaction 
 
       - Aggregated 
        volume 
 
       - Price 
 
       Date of the 
 e)     transaction                            15/06/2022 
      -------------------------------------  --------------------------------- 
 f)    Place of the                           London 
        transaction 
      -------------------------------------  --------------------------------- 
 

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June 16, 2022 02:00 ET (06:00 GMT)