REG - Begbies Traynor - Additional Allotment and New Issue

Begbies TraynorAnnouncement

21/01/2022 16:35

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RNS Number : 2855Z  Begbies Traynor Group PLC  21 January 2022

21 January 2022

 

Begbies Traynor Group plc

 

("Group" or "Company")

 

 

Additional Allotment and New Issue including director/PDMR shareholder

 

Nick Taylor, Group Finance Director at Begbies Traynor Group plc, has
exercised share options over 310,000 ordinary 5 pence shares in the Group
("Ordinary Shares").  Of the total aggregate amount of share options which
have been exercised, 250,000 have been exercised at an exercise price of 51
pence and 60,000 exercised at an exercise price of 63.12p (together "the
Options").  Settling the Options net of the relevant option price has
resulted in the additional issue and allotment of 185,097 Ordinary Shares.
Admission of these shares to trading on the AIM market of the London Stock
Exchange is expected to occur on 27 January 2022 following which the total
number of shares in issue and total voting rights will be 153,194,932.

 

In addition to exercising the Options Nick Taylor has also sold 141,240
Ordinary Shares from his existing beneficial holding in the Group at a sale
price of 130 pence.

 

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         Initial Notification
 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  Ordinary Shares and share options granted at option prices of 51 pence over
                                              250,000 Ordinary Shares and 63.12 pence over 60,000 Ordinary Shares.
 b)  Nature of the transactions               Sale of 141,240 Ordinary Shares and the exercise of share options over 250,000
                                              Ordinary Shares at an exercise price of 51 pence and 60,000 Ordinary Shares of
                                              63.12 pence.  The Options have been exercised net of the relevant option
                                              prices, in each case using the closing share price on 20 January 2022 of
                                              132.40 pence. This has resulted in the issue and allotment of 185,097 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)
                                              51 pence     250,000
                                              63.12 pence  61,742
                                              130 pence    141,240
 e)  Date of the transaction                  21 January 2022
 f)  Place of the transaction                 London Stock Exchange (AIM)

e)

Date of the transaction

21 January 2022

f)

Place of the transaction

London Stock Exchange (AIM)

 

 

Enquiries please contact:

 

Begbies Traynor Group plc
                        0161 837 1700

Ric Traynor - Executive Chairman

Nick Taylor - Group Finance Director

 

Canaccord Genuity Limited
 
020 7523 8350

(Nominated Adviser and Joint Broker)

Adam James / Patrick Dolaghan

 

Shore Capital
                                                                                   020
7408 4090

(Joint Broker)

Malachy McEntyre / Mark Percy / Anita Ghanekar / James Thomas

 

MHP
Communications
            020 3128 8572

Reg Hoare / Katie Hunt / Florence
Mayo                                           begbies@mhpc.com
(mailto:begbies@mhpc.com)

 

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