Tribal Group PLC Director/PDMR Shareholding (7177S)
November 07 2019 - 1:29PM
UK Regulatory
TIDMTRB
RNS Number : 7177S
Tribal Group PLC
07 November 2019
7 November 2019
Tribal Group plc
("Tribal" or the "Company")
SAYE Share Scheme 2019
Tribal (AIM: TRB), a leading provider of software and services
to the international education market, announces the grant of
options to employees as part of its Save As You Earn ('SAYE') share
scheme for 2019. The scheme is open to all UK employees, giving
them the opportunity to participate in the future growth of the
Company via share option arrangements.
Eligible employees were invited to subscribe for options over
Ordinary Shares of 5p of the Company with an exercise price of 58.2
pence, a 10% discount to the closing average market price of the
Ordinary Shares from 3 September 2019 to 5 September 2019. The
options have a contract start date of 1 November 2019 and are
exercisable between 1 November 2022 and 30 April 2023.
A total of 176 employees elected to participate, and pursuant to
these elections a total of 1,116,879 options over Ordinary Shares
were issued on 1 November 2019 equating to 0.6% of the current
issued share capital.
Mark Pickett, Chief Executive Officer, is a participant in the
Company's SAYE scheme and is included in the total figures above.
His individual option grants pursuant to this year's SAYE scheme is
15,463 shares.
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Name i. Mark Pickett
ii. Chloe Payne
iii. Jon Baldwin
iv. Mark Wilson
v. Mike Beech
vi. Paul Simpson
2. Reason for the notification
(a) Position/status i. Chief Executive Officer
ii. Senior Management Position
iii. Senior Management Position
iv. Senior Management Position
v. Senior Management Position
vi. Senior Management Position
(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 Instrument Ordinary shares of GBP0.05
each
(b) Identification code of the Financial GB0030181522
Instrument
(c) Nature of the transaction Grant of options under the
Company's Save As You Earn
Plan
(d) Price(s) and volume(s) Price(s) Volume(s)
i. 58.2 pence i. 15,463
ii. 58.2 pence ii. 15,463
iii. 58.2 pence iii. 15,463
iv. 58.2 pence iv. 15,463
v. 58.2 pence v. 15,463
vi. 58.2 pence v. 15,463
(e) Aggregated information
- Aggregated volume 92,778 shares
- Price 58.2 pence
(f) Date of the transaction 1 November 2019
(g) Place of the transaction Outside a trading venue
Enquiries:Tribal Group plc Tel: 0117 311 5293
Mark Pickett, Chief Executive Officer
Paul Simpson, Acting Chief Financial Officer
Investec Bank plc Tel: 020 7597 5970
Sara Hale
Andrew Pinder
Will Godfrey
Neil Coleman
N+1 Singer Capital Markets Limited Tel: 020 7496 3000
Shaun Dobson
Tulchan Communications LLP Tel: 020 7353 4200
James Macey White
David Ison
Sophie Duckworth
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 rns@lseg.com or visit www.rns.com.
END
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