Director/PDMR Shareholding

RNS Number : 9251M

Begbies Traynor Group PLC

02 August 2017

 

02 August 2017

Begbies Traynor Group plc

Director/PDMR Shareholding

Nick Taylor, Group Finance Director at Begbies Traynor Group plc, has exercised share options ("the Options") over 375,000 ordinary 5 pence shares in the Group ("Ordinary Shares") at an exercise price of 36.69 pence.  Using net settlement, this has resulted in the issue and allotment of 138,798 Ordinary Shares. The Ordinary Shares are expected to be admitted to trading on AIM on 8 August 2017.

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	Nick Taylor
2.	Reason for the notification
a)	Position / status	Group Finance Director
b)	Initial notification / amendment	01 August 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 375,000 Ordinary Shares
b)	Nature of the transaction	Exercise of options over 375,000 Ordinary Shares at an exercise price of 36.69 pence.  The Options have been exercised by net settlement, using the closing price on 1 August 2017 of 58.25 pence. This has resulted in the issue and allotment of 138,798 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.
c)	Price(s) and volume(s)	Price(s) Volume(s) 58.25 pence 138,798
e)	Date of the transaction	1 August 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 (Nomad & Joint Broker)	020 7523 8000
Bruce Garrow

 

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