Additional Allotment and New Issue with PDMR

RNS Number : 1685D

Begbies Traynor Group PLC

17 October 2022

 

17 October 2022

Begbies Traynor Group plc

( "Group" or "Company")

Additional Allotment and New Issue together with Director/PDMR Shareholding

Begbies Traynor Group plc, announces that it has today applied to the AIM market of the London Stock Exchange for an additional listing of 68,250 fully paid up ordinary 5 pence shares in the Group ("Ordinary Shares") to satisfy the exercise by staff of certain share options.  Incorporated within the additional listing are Ordinary Shares which have been allotted to Nick Taylor, Group Finance Director, who has exercised share options over 18,250 Ordinary Shares by subscription at an option price of 63.12 pence.

Admission of these shares is expected to occur on 21 October 2022 following which the total number of shares in issue and total voting rights will be 154,239,001. The Group does not hold any shares in treasury and, therefore, the above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in the Company.  

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	Nick Taylor
2.	Reason for the notification
a)	Position / status	Group Finance Director
b)	Initial notification / amendment	17October 2022
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 of the financial instrument	Company approved share options granted at an option price of 63.12 pence over 18,250 Ordinary Shares
b)	Nature of the transactions	The exercise of options over 18,250 Ordinary Shares at an exercise price of 63.12 pence.  The Options have been exercised by subscription and this has resulted in the issue and allotment of 18,250 fully paid Ordinary Shares for which the Company has applied to AIM for listing and which upon admission will rank pari passu with the Company's other Ordinary Shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) 63.12 pence 18,250
e)	Date of the transaction	17 October 2022
f)	Place of the transaction	London Stock Exchange, AIM

Enquiries please contact:

Begbies Traynor Group plc                                                            0161 837 1700

John Humphrey - Group Company Secretary

Canaccord Genuity Limited     020 7523 8350

(Nominated Adviser and Joint Broker)

Emma Gabriel / Patrick Dolaghan

Shore Capital   020 7408 4090

(Joint Broker)

Malachy McEntyre / Mark Percy / Anita Ghanekar / James Thomas

MHP Communications     020 3128 8572

Reg Hoare / Katie Hunt / Pauline Guenot  [e-mail]  

Information on Begbies Traynor Group can be accessed via the Group's website at
www.begbies-traynorgroup.com/investor-relations

 

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