Begbies Traynor Group PLC Director/PDMR Shareholding and Issue of Equity (5579T)
January 06 2017 - 6:14AM
UK Regulatory
TIDMBEG
RNS Number : 5579T
Begbies Traynor Group PLC
06 January 2017
6 January 2017
Begbies Traynor Group plc
Director/PDMR Shareholding and Issue of Equity
Julie Palmer, Regional Managing Partner at Begbies Traynor Group
plc, has exercised share options ("the Options") over 150,000
ordinary 5 pence shares in the Group ("Ordinary Shares") at an
exercise price of 36.69p. Using net settlement, this has resulted
in the issue and allotment of 42,088 Ordinary Shares. The Ordinary
Shares are expected to be admitted to trading on AIM on 11 January
2017
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1. Details of PDMR / person closely associated
with them ("PCA")
--- ---------------------------------------------------------------
a) Name Julie Palmer
--- --------------------- ----------------------------------------
2. Reason for the notification
--- ---------------------------------------------------------------
a) Position Regional Managing Partner
/ status
--- --------------------- ----------------------------------------
b) Initial notification 4 January 2017
/ amendment
--- --------------------- ----------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- ---------------------------------------------------------------
a) Name Begbies Traynor Group plc
--- --------------------- ----------------------------------------
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 Options granted at an option
of the financial price of 36.69 pence over 150,000
instrument Ordinary Shares
--- --------------------- ----------------------------------------
b) Nature of Exercise of options over 150,000
the transaction Ordinary Shares at an exercise
price of 36.69 pence. The Options
have been exercised by net settlement,
using the closing price of 4
January 2017 of 51.00 pence.
This has resulted in the issue
and allotment of 42,088 fully
paid Ordinary Shares for which
the Company has applied to AIM
for listing and which upon admission
will rank pari passu with the
Group's other Ordinary Shares.
--- --------------------- ----------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ------------- ----------
51.00 pence 42,088
------------- ----------
--- --------------------- ----------------------------------------
e) Date of the 4 January 2017
transaction
--- --------------------- ----------------------------------------
f) Place of London Stock Exchange, AIM
the transaction
--- --------------------- ----------------------------------------
For further information:
Begbies Traynor Group plc 0161 837 1700
John Humphrey
Canaccord Genuity Limited 020 7523 8350
(Nominated Adviser and Joint Broker)
Bruce Garrow / Nilesh Patel / Rory Horswell
Shore Capital (Joint Broker) 020 7408 4090
Mark Percy / Anita Ghanekar
MHP Communications 020 3128 8100
Reg Hoare / Katie Hunt / Giles Robinson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 06, 2017 06:14 ET (11:14 GMT)