REG - Begbies Traynor - Additional Allotment and New Issue including PDMR

Begbies TraynorAnnouncement

22/09/2023 11:30

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RNS Number : 3937N  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)

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                                           begbies@mhpc.com
(mailto:begbies@mhpc.com)

 

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