Tribal Group PLC Director/PDMR Shareholding (7047D)

TIDMTRB

RNS Number : 7047D

Tribal Group PLC

30 June 2021

30 June 2021

Tribal Group plc

("Tribal", the "Company" or the "Group")

Director/PDMR Shareholding

Tribal, a leading provider of software and services to the international education management market, announces that on 29 June 2021, under the terms of its 2018 Long Term Incentive Plan, the Company granted nil-cost options over 275,510 ordinary shares of 5 pence each in the Company ("ordinary shares") to Chief Executive Officer, Mark Pickett, and granted nil-cost options over 204,081 ordinary shares of 5 pence each in the Company ("ordinary shares") to Chief Finance Officer, Diane McIntyre. The options represent 0.23% of the Company's issued shares.

The award has been granted subject to performance conditions based on the Group's Key Performance Indicators (KPIs) over three years. The Options will ordinarily vest in equal parts over three years and may not be exercised before 29th June 2024.

 
 1.    Details of the person discharging managerial 
        responsibilities/person closely associated 
 (a)   Name                           1) Mark Pickett 
                                       2) Diane McIntyre 
      ------------------------  ------------------------------------- 
 2.    Reason for the notification 
      --------------------------------------------------------------- 
 (a)   Position/status           PMDR 
      ------------------------  ------------------------------------- 
 (b)   Initial notification/     Initial notification 
        Amendment 
      ------------------------  ------------------------------------- 
 3.    Details of the issuer 
      --------------------------------------------------------------- 
 (a)   Name                      Tribal Group plc 
      ------------------------  ------------------------------------- 
 (b)   LEI                       213800Y8XLJFIXDY8J06 
      ------------------------  ------------------------------------- 
 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            Options over Ordinary shares 
        the Financial             of GBP0.05 each 
        Instrument 
      ------------------------  ------------------------------------- 
 (b)   Identification            GB0030181522 
        code of the Financial 
        Instrument 
      ------------------------  ------------------------------------- 
 (c)   Nature of the             Grant of options over Ordinary 
        transaction               shares 
      ------------------------  ------------------------------------- 
 (d)   Price(s) and              Price(s)             Volume(s) 
        volume(s) 
                                -------------------  ---------------- 
                                 1. Nil cost          1. 275,510 
                                  2. Nil cost          2. 204,081 
                                -------------------  ---------------- 
 
 (e)   Aggregated information 
        - Aggregated                    1) Volume 275,510 Price N/A 
        volume                          2) Volume 204,081 Price N/A 
        - Price 
      ------------------------  ------------------------------------- 
 (f)   Date of the transaction   29 June 2021 
      ------------------------  ------------------------------------- 
 (g)   Place of the              Outside a trading venue 
        transaction 
      ------------------------  ------------------------------------- 
 

Enquiries:

 
 Tribal Group plc                                              Tel: [phone] 
 Mark Pickett, Chief Executive Officer 
  Diane McIntyre, Chief Financial Officer 
 Investec Bank plc (NOMAD & Joint Broker)                    Tel: [phone] 
  Sara Hale, Virginia Bull, Will Godfrey 
 
 N+1 Singer Capital Markets Limited (Joint Broker)           Tel: [phone] 
 Shaun Dobson, Tom Salvesen, Alex Bond 
 Alma PR                                                     Tel: [phone] 
 Caroline Forde, Robyn Fisher, Josh Royston, Molly Gretton 
 
 

About Tribal Group plc

Tribal Group plc is a pioneering world-leader of education software and services. Its portfolio includes Student Information Systems; a broad range of education services covering quality assurance, peer review, benchmarking and improvement; and student surveys that provide the leading global benchmarks for student experience. Working with Higher Education, Further and Tertiary Education, schools, Government and State bodies, training providers and employers, in over 55 countries; Tribal Group's mission is to empower the world of education with products and services that underpin student success.

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June 30, 2021 10:12 ET (14:12 GMT)