Tribal Group PLC Director/PDMR Shareholding (2176J)

TIDMTRB

RNS Number : 2176J

Tribal Group PLC

28 March 2018

28 March 2018

Tribal Group plc

("Tribal" or the "Company")

Director/PDMR Shareholding

Tribal, a leading provider of software and services to the international education management market, announces that on the 26 March 2018 the Company granted 3,975,000 options ("Options") over ordinary shares of 5 pence each in the Company ("Ordinary Shares"). The Options, representing approximately 2.0% of the Company's issued shares, were granted to its senior management including certain Persons Discharging Management Responsibility ("PDMR") under the terms of the Company's 2010 Long Term Incentive Plan.

All of the Options are exercisable at 79.6p per Ordinary Share. The Options may not be exercised before 25 March 2021.

 
1.   Details of the person discharging managerial responsibilities/person 
      closely associated 
---  --------------------------------------------------------------------------------- 
(a)  Name                                          i. Barbara Staruk 
                                                    ii. Chloe Payne 
                                                    iii. Chris Farnath 
                                                    iv. Janet Tomlinson 
                                                    v. Jon Baldwin 
                                                    vi. Mark Wilson 
                                                    vii. Mike Beech 
                                                    viii. Peter Croft 
                                                    ix. Philip Sanders 
---  ---------------------------------------  ---------------------------------------- 
2.   Reason for the notification 
---  --------------------------------------------------------------------------------- 
(a)  Position/status                               i. Senior Management Position 
                                                    ii. Senior Management Position 
                                                    iii. Senior Management Position 
                                                    iv. Senior Management Position 
                                                    v. Senior Management Position 
                                                    vi. Senior Management Position 
                                                    vii. Senior Management Position 
                                                    viii. Senior Management Position 
                                                    ix. Senior Management Position 
---  ---------------------------------------  ---------------------------------------- 
(b)  Initial notification/ Amendment          Initial notification 
---  ---------------------------------------  ---------------------------------------- 
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 the Financial Instrument  Options over Ordinary shares 
                                               of GBP0.05 each 
---  ---------------------------------------  ---------------------------------------- 
(b)  Identification code of the Financial     GB0030181522 
      Instrument 
---  ---------------------------------------  ---------------------------------------- 
(c)  Nature of the transaction                Issue of Options 
---  ---------------------------------------  ---------------------------------------- 
(d)  Price(s) and volume(s)                   Price(s)           Volume(s) 
---  ---------------------------------------  -----------------  --------------------- 
                                                    i. n/a             i. 300,000 
                                                     ii. n/a            ii. 300,000 
                                                     iii. n/a           iii. 300,000 
                                                     iv. n/a            iv. 400,000 
                                                     v. n/a             v. 300,000 
                                                     vi. n/a            vi. 300,000 
                                                     vii. n/a           vii. 300,000 
                                                     viii. n/a          viii. 300,000 
                                                     ix. n/a            ix. 300,000 
---  ---------------------------------------  -----------------  --------------------- 
(e)  Aggregated information 
      - Aggregated volume                       2,800,000 shares 
      - Price                                   n/a 
---  ---------------------------------------  ---------------------------------------- 
(f)  Date of the transaction                  26 March 2018 
---  ---------------------------------------  ---------------------------------------- 
(g)  Place of the transaction                 Outside a trading venue 
---  ---------------------------------------  ---------------------------------------- 
 

Enquiries:

   Tribal Group plc                                                         Tel: [phone] 

Ian Bowles, Chief Executive

Mark Pickett, Chief Financial Officer

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 company news service from the London Stock Exchange

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March 28, 2018 04:30 ET (08:30 GMT)