Tribal Group PLC Grant of Options (9413O)

TIDMTRB

RNS Number : 9413O

Tribal Group PLC

22 May 2018

22 May 2018

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 22 May 2018, under the terms of its 2018 Long Term Incentive Plan, the Company granted nil-cost options over 339,196 ordinary shares of 5 pence each in the Company ("Ordinary Shares") to Chief Executive, Ian Bowles and granted nil-cost options over 251,256 Ordinary Shares to Chief Financial Officer, Mark Pickett.

Each award has been granted subject to performance conditions based on the Group's Adjusted Operating Profit over a performance period ending 31 December 2018. Each award will, ordinarily, vest on the third anniversary of the grant.

In total, awards have been granted over 590,452 Ordinary Shares representing approximately 0.30% of the Company's issued share capital on this date.

 
 Name           Title             Number of Ordinary   Exercise 
                                   Shares over which    price 
                                   award granted 
-------------  ----------------  -------------------  --------- 
 Ian Bowles     Chief Executive   339,196              Nil cost 
-------------  ----------------  -------------------  --------- 
 Mark Pickett   Chief Financial   251,256              Nil cost 
                 Officer 
-------------  ----------------  -------------------  --------- 
 
 
 1.   Details of PDMR / person closely associated 
       ("PCA") 
---  -------------------------------------------------------------------- 
 a)   Name                             i. Ian Bowles 
                                        ii. Mark Pickett 
---  --------------------------  ---------------------------------------- 
 2.   Reason for the notification 
---  -------------------------------------------------------------------- 
 a)   Position / status                i. Chief Executive 
                                        ii. Chief Financial Officer 
---  --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial notification 
       / amendment 
---  --------------------------  ---------------------------------------- 
 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          Options over ordinary shares 
       financial instrument,       of GBP0.05 each 
       type of instrument 
---  --------------------------  ---------------------------------------- 
 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. 339,196 
                                         ii. Nil cost         ii. 251,256 
                                  -------------------  ------------------ 
---  --------------------------  ---------------------------------------- 
 e)   Aggregated information 
        *    Volume                 590,452 
                                    N/A 
 
        *    Price 
---  --------------------------  ---------------------------------------- 
 f)   Date of the transaction     22 May 2018 
---  --------------------------  ---------------------------------------- 
 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

   Email:   [e-mail] 
   Web:     www.tribalgroup.com 
   Investec Bank plc                             Tel: [phone] 

Sara Hale

Andrew Pinder

William Godfrey

   N+1 Singer Advisory LLP               Tel: [phone] 

Shaun Dobson

Alex Price

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.

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May 22, 2018 12:40 ET (16:40 GMT)