Grant of Options

RNS Number : 4992B

Tribal Group PLC

07 June 2019

 

7 June 2019

Tribal Group plc

("Tribal", the "Company" or the "Group")

Grant of Options

Tribal (AIM: TRB), a leading provider of software and services to the international education management market, announces that on the 7 June 2019, under the terms of its 2018 Long Term Incentive Plan, the Company granted nil-cost options over 760,563 ordinary shares of 5 pence each in the Company ("Ordinary Shares") to Chief Executive Officer, Mark Pickett.

The award has been granted subject to performance conditions based on the Group's Adjusted Operating Profit over a performance period ending 31 December 2019 and will, ordinarily, vest on the third anniversary of the grant.

In total, the award represents approximately 0.39% of the Company's issued share capital on this date.

Name	Title	Number of Ordinary Shares over which award granted	Exercise price
Mark Pickett	Chief Executive Officer	760,563	Nil cost

1.	Details of PDMR / person closely associated ("PCA")
a)	Name	i.          Mark Pickett
2.	Reason for the notification
a)	Position / status	i.          Chief Executive Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Tribal Group plc
b)	LEI	2138003DLFRH7CB89Z84
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, type of instrument	Options over ordinary shares of £0.05 each
b)	Identification code	GB0030181522
c)	Nature of the transaction	Grant of options over Ordinary Shares
d)	Price(s) and volume(s)	Price(s) Volume(s) i.          Nil cost i.          760,563
e)	Aggregated information -     Volume -     Price	760,563 N/A
f)	Date of the transaction	7 June 2019
g)	Place of the transaction	Outside a trading venue

- Ends -

For further information please contact:

Tribal Group plc                               Tel:  [phone]

Roger McDowell

Chairman, Remuneration Committee   

Investec Bank plc                             Tel: [phone]

Sara Hale

Andrew Pinder

William Godfrey

Neil Coleman

N+1 Singer Advisory LLP               Tel: [phone]

Shaun Dobson

Tulchan Communications LLP     Tel: [phone]

James Macey White

David Ison

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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