Directorate Change

RNS Number : 7226Y

Begbies Traynor Group PLC

08 September 2009

8 September 2009

Begbies Traynor Group plc

('Begbies Traynor' or the 'Group')

Directorate Change

Director/PDMR Shareholding

Holding in Company

Begbies Traynor Group plc, the specialist professional services organisation, today makes the following announcements:

Directorate Change

Andrew Dick, the Group's Chief Operating Officer and one of its co-founders, has agreed with the Board a change to his role. For personal reasons he wishes to reduce his time commitment to the Group and in future will concentrate on a part time business development role within the Group's insolvency practice. As part of this he will be resigning as a Director at the Group's forthcoming Annual General Meeting, to be held on 2 October 2009, and will not be seeking re-election.

Director/PDMR Shareholdings

Holding in Company

Caledonia Investments plc (“Caledonia”), the Group’s largest institutional shareholder, has agreed to acquire 4,329,397 shares, representing 4.84% of the Group’s ordinary shares in issue from Andrew Dick at a price of 90 pence per share. As a result, Caledonia will hold a total of 14,000,654 shares representing 15.66% of the Group’s ordinary shares in issue.

Ric Traynor, the Group's Executive Chairman has also acquired 250,000 shares from Andrew Dick, representing 0.28% of the Group's ordinary shares in issue at a price of 90 pence per share. As a result of this acquisition, Ric Traynor's holding will be 26,561,697 shares, representing 29.71% of the ordinary shares in issue.

John Gittins, Chief Financial Officer, and Geoffrey Hill, an Executive Director, have acquired 10,000 shares each from Andrew Dick, each transfer representing 0.01% of the shares in issue at a price of 90 pence per share. As a result of these purchases, each of their respective holdings (which include share options granted to them both) equal 410,000 shares, each representing 0.46% of the shares in issue.

As a result of his disposals of shares, Andrew Dick's beneficial holding will be 1,850,000 shares representing 2.07% of the Group's ordinary shares in issue.

Andrew Dick has entered into lock-in arrangements with the Group whereby he may not, for a period of three years from the date of this share sale, dispose of 1,750,000 shares of his residual shareholding in the Group, except with the consent of the Group or in certain circumstances, including the acceptance of an offer, a partial offer or a tender offer for the Group`s shares.

Current trading

Overall Group trading in the first quarter of the current financial year is significantly ahead of the same quarter last year and a further trading update will be given at the time of the Annual General Meeting on 2 October 2009.

Ric Traynor, Executive Chairman of Begbies Traynor Group said:

'Andrew Dick was one of the original founders of the business and has been instrumental in its success. We are fortunate that he will continue to have a role within the Group and to make available his expertise to colleagues, clients and intermediaries.

“We are delighted that Caledonia, which has been seeking to increase its shareholding, has acquired the majority of Andrew’s shares, and will continue to be supportive of the Group’s ambitions as our largest institutional shareholder.”

Enquiries please contact:

Begbies Traynor Group PLC	0161 837 1700
Ric Traynor, Executive Chairman John Gittins, Chief Financial Officer

Shore Capital & Corporate Ltd	020 7408 4090
Guy Peters

Smithfield	020 7360 4900
Reg Hoare / Tania Wild / Will Henderson