Additional Allotment and New Issue including PDMR

Begbies Traynor Group PLC

22 September 2023

 

22 September 2023

Begbies Traynor Group plc

("Group")

Additional Allotment and New Issue including director/PDMR shareholder

Begbies Traynor Group plc, announces that it has today applied to the AIM market of the London Stock Exchange for an additional listing of 297,382 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 Mark Fry, head of business recovery and advisory, who has exercised share options over 400,000 Ordinary Shares at an exercise price of 36.69 pence ("Options").  Settling the Options net of the relevant option price has resulted in the additional issue and allotment of 273,483 Ordinary Shares to him.

Admission of these shares is expected to occur on Wednesday 27 September 2023 following which the total number of shares in issue and total voting rights will be 157,291,760.

In addition to exercising the Options Mark Fry has also sold 135,000 Ordinary Shares from his beneficial holding in the Group at a sale price of 116 pence per share to meet his taxation obligation in respect of the new share issue.

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	Mark Fry
2.	Reason for the notification
a)	Position / status	Head of Business Recovery and Advisory
b)	Initial notification / amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Begbies Traynor Group plc
b)	LEI	21380075TB4ROF7KWK30
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	Ordinary Shares at 5 pence each and share options granted at option prices of 36.69 pence over 400,000 Ordinary Shares.
b)	Nature of the transactions	The exercise of share options over 400,000 Ordinary Shares at an exercise price of 36.69 pence. The Options have been exercised net of the relevant option prices, in each case using the closing share price on 19 September 2023 of 116.00 pence. This has resulted in the issue and allotment of 273,483 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. Sale of 135,000 Ordinary Shares on 21 September 2023.
c)	Price(s) and volume(s)	Price(s) Volume(s) 36.69 pence 400,000 116 pence 135,000
e)	Dates of the transaction	19 September 2023 and 21 September 2023
f)	Place of the transaction	London Stock Exchange (AIM)

Enquiries please contact:

Begbies Traynor Group plc                                                            0161 837 1700

John Humphrey - Company Secretary

Canaccord Genuity Limited                                                            020 7523 8350

(Nominated Adviser and Joint Broker)

Emma Gabriel / Harry Pardoe

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] 

 

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