Director/PDMR Shareholding and Issue of Equity

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 / status	Regional Managing Partner
b)	Initial notification / amendment	4 January 2017
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	Options granted at an option price of 36.69 pence over 150,000 Ordinary Shares
b)	Nature of the transaction	Exercise of options over 150,000 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) and volume(s)	Price(s) Volume(s) 51.00 pence 42,088
e)	Date of the transaction	4 January 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                                                                             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

 

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