Director/PDMR Shareholding

RNS Number : 2176J

Tribal Group PLC

28 March 2018

 

28 March 2018

Tribal Group plc

("Tribal" or the "Company")

Director/PDMR Shareholding

Tribal, a leading provider of software and services to the international education management market, announces that on the 26 March 2018 the Company granted 3,975,000 options ("Options") over ordinary shares of 5 pence each in the Company ("Ordinary Shares"). The Options, representing approximately 2.0% of the Company's issued shares, were granted to its senior management including certain Persons Discharging Management Responsibility ("PDMR") under the terms of the Company's 2010 Long Term Incentive Plan.

All of the Options are exercisable at 79.6p per Ordinary Share.  The Options may not be exercised before 25 March 2021.

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	i.              Barbara Staruk ii.            Chloe Payne iii.           Chris Farnath iv.            Janet Tomlinson v.             Jon Baldwin vi.            Mark Wilson vii.          Mike Beech viii.         Peter Croft ix.            Philip Sanders
2.	Reason for the notification
(a)	Position/status	i.    Senior Management Position ii.   Senior Management Position iii.  Senior Management Position iv.  Senior Management Position v.    Senior Management Position vi.  Senior Management Position vii. Senior Management Position viii. Senior Management Position ix.  Senior Management Position
(b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer
(a)	Name	Tribal Group plc
(b)	LEI	213800Y8XLJFIXDY8J06
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 over Ordinary shares of £0.05 each
(b)	Identification code of the Financial Instrument	GB0030181522
(c)	Nature of the transaction	Issue of Options
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		i.              n/a ii.            n/a iii.           n/a iv.            n/a v.             n/a vi.            n/a vii.          n/a viii.         n/a ix.            n/a	i.      300,000 ii.    300,000 iii.   300,000 iv.    400,000 v.     300,000 vi.    300,000 vii.  300,000 viii. 300,000 ix.    300,000
(e)	Aggregated information -               Aggregated volume -               Price	2,800,000 shares n/a
(f)	Date of the transaction	26 March 2018
(g)	Place of the transaction	Outside a trading venue

Enquiries:

Tribal Group plc                                                         Tel: [phone]

Ian Bowles, Chief Executive

Mark Pickett, Chief Financial Officer 

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.

 

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