Tribal Group PLC Grant of Options (4992B)

TIDMTRB

RNS Number : 4992B

Tribal Group PLC

07 June 2019

7 June 2019

Tribal Group plc

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

Grant of Options

Tribal (AIM: TRB), a leading provider of software and services to the international education management market, announces that on the 7 June 2019, under the terms of its 2018 Long Term Incentive Plan, the Company granted nil-cost options over 760,563 ordinary shares of 5 pence each in the Company ("Ordinary Shares") to Chief Executive Officer, Mark Pickett.

The award has been granted subject to performance conditions based on the Group's Adjusted Operating Profit over a performance period ending 31 December 2019 and will, ordinarily, vest on the third anniversary of the grant.

In total, the award represents approximately 0.39% of the Company's issued share capital on this date.

 
 Name           Title             Number of Ordinary Shares   Exercise price 
                                   over which award granted 
 Mark Pickett   Chief Executive   760,563                     Nil cost 
                 Officer 
               ----------------  --------------------------  --------------- 
 
 
 1.   Details of PDMR / person closely associated ("PCA") 
 a)   Name                                    i. Mark Pickett 
     ---------------------------------  ---------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position / status                       i. Chief Executive Officer 
     ---------------------------------  ---------------------------------------- 
 b)   Initial notification / amendment   Initial notification 
     ---------------------------------  ---------------------------------------- 
 3.   Details of the issuer 
     --------------------------------------------------------------------------- 
 a)   Name                               Tribal Group plc 
     ---------------------------------  ---------------------------------------- 
 b)   LEI                                2138003DLFRH7CB89Z84 
     ---------------------------------  ---------------------------------------- 
 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 financial       Options over ordinary shares of GBP0.05 
       instrument, type of instrument     each 
     ---------------------------------  ---------------------------------------- 
 b)   Identification code                GB0030181522 
     ---------------------------------  ---------------------------------------- 
 c)   Nature of the transaction          Grant of options over Ordinary Shares 
     ---------------------------------  ---------------------------------------- 
 d)   Price(s) and                       Price(s)           Volume(s) 
       volume(s)                               i. Nil cost        i. 760,563 
                                                            ---------------- 
     ---------------------------------  ---------------------------------------- 
 e)   Aggregated information 
        *    Volume                        760,563 
                                           N/A 
 
        *    Price 
     ---------------------------------  ---------------------------------------- 
 f)   Date of the transaction            7 June 2019 
     ---------------------------------  ---------------------------------------- 
 g)   Place of the transaction           Outside a trading venue 
     ---------------------------------  ---------------------------------------- 
 

- Ends -

For further information please contact:

   Tribal Group plc                               Tel:  [phone] 

Roger McDowell

Chairman, Remuneration Committee

   Investec Bank plc                             Tel: [phone] 

Sara Hale

Andrew Pinder

William Godfrey

Neil Coleman

   N+1 Singer Advisory LLP               Tel: [phone] 

Shaun Dobson

   Tulchan Communications LLP     Tel: [phone] 

James Macey White

David Ison

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.

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.

END

DSHCKODDABKKCAK

(END) Dow Jones Newswires

June 07, 2019 02:20 ET (06:20 GMT)