Begbies Traynor Group PLC Grant of Share Options and PDMR Shareholding (1773V)
October 31 2017 - 1:15PM
UK Regulatory
TIDMBEG
RNS Number : 1773V
Begbies Traynor Group PLC
31 October 2017
31 October 2017
Begbies Traynor Group plc
Grant of Share Options and Notification of Transactions of
persons discharging managerial responsibilities ("PDMRs")
Begbies Traynor Group plc ("the Group"), announces that the
board has today made a Grant of Share Options under the Group's
Share Option Scheme 2013 to a number of participants classified as
persons discharging managerial responsibilities ("PDMRs"). They
include one of its Executive Directors, Nick Taylor, who has been
granted options over 500,000 ordinary 5 pence shares in the Group
("Ordinary Shares") at an option price of 63.12 pence. In addition
to this award the Group has also granted options under the same
scheme to other PDMRs including John Humphrey, the Group's Company
Secretary and to certain members of the Group's Insolvency and
Restructuring Board: Ken Pattullo, Julie Palmer, Julian Pitts, Paul
Stanley, David Abbott and Kirstie Provan, in each case over 200,000
Ordinary Shares at an option price of 63.12 pence.
Half of the total awards granted to each individual vest
immediately but may only be exercised after 3 years providing that
the individual remains with the Group.
The other half of the total awards made to each individual only
vest if certain performance hurdles are achieved and, in any event,
these may only be exercised after a period of 3 years provided that
the individual remains with the Group. The performance hurdles
require both an overall increase in adjusted earnings per share of
2.5% in excess of the increase in RPI over a consecutive 3 year
period and the level of total shareholder return equalling or
exceeding the median of the combined constituents of the FTSE AIM
Financial Services and FTSE AIM Industrial Goods and Services
indices over the same period.
The options detailed above together with a number of other share
option awards made to selected senior staff, if exercised in full,
will represent approximately 2% of the Group's issued share
capital.
The information set out below is provided in accordance with the
requirements of Article 19(3) of the EU Market Abuse Regulation No
596/2014.
1 Details of the person discharging managerial responsibilities/person
closely associated
--- ----------------------------------------------------------------------------
a) Name 1. Nick Taylor
2. John Humphrey
3. Ken Pattullo
4. Julie Palmer
5. Julian Pitts
6. Paul Stanley
7. David Abbott
8. Kirstie Provan
--- ----------------------------- ---------------------------------------------
2 Reason for the notification
--- ----------------------------------------------------------------------------
a) Position/status 1. Executive director and PDMR, Group
Finance Director
2. PDMR, Company Secretary
3. PDMR, Member of the Group's Insolvency
and Restructuring Board
4. PDMR, Member of the Group's Insolvency
and Restructuring Board
5. PDMR, Member of the Group's Insolvency
and Restructuring Board
6. PDMR, Member of the Group's Insolvency
and Restructuring Board
7. PDMR, Member of the Group's Insolvency
and Restructuring Board
8. PDMR, Member of the Group's Insolvency
and Restructuring Board
--- ----------------------------- ---------------------------------------------
b) Initial notification Initial Notification
/Amendment
--- ----------------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- ----------------------------------------------------------------------------
a) Name Begbies Traynor Group plc
--- ----------------------------- ---------------------------------------------
b) LEI 21380075TB4ROF7KWK30
--- ----------------------------- ---------------------------------------------
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 Ordinary Shares of 5 pence each
financial instrument,
type of instrument
ISIN: GB00B0305S97
Identification code
--- ----------------------------- ---------------------------------------------
b) Nature of the transaction Grant of share options under the Group's
Share Option Scheme 2013
--- ----------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--- ----------------------------- ------------------------------ -------------
1. 63.12p per Ordinary 1. 500,000
share 2. 200,000
2. 63.12p per Ordinary 3. 200,000
share 4. 200,000
3. 63.12p per Ordinary 5. 200,000
share 6. 200,000
4. 63.12p per Ordinary 7. 200,000
share 8. 200,000
5. 63.12p per Ordinary
share
6. 63.12p per Ordinary
share
7. 63.12p per Ordinary
share
8. 63.12p per Ordinary
share
--- ----------------------------- ------------------------------ -------------
d) Aggregated information
- Aggregated volume N/A (Single transaction)
- Price
e) Date of the transaction 1. 31 October 2017
2. 31 October 2017
3. 31 October 2017
4. 31 October 2017
5. 31 October 2017
6. 31 October 2017
7. 31 October 2017
8. 31 October 2017
--- ----------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--- ----------------------------- ---------------------------------------------
For further information:
Begbies Traynor Group plc 0161 837 1700
John Humphrey
Canaccord Genuity Limited
(Nomad & Joint Broker) 020 7523 8000
Bruce Garrow
Andrew Buchanan
Margarita Mitropoulou
This information is provided by RNS
The company news service from the London Stock Exchange
END
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