REG - Begbies Traynor - Director/PDMR Shareholding

Begbies TraynorAnnouncement

26/01/2024 17:45

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RNS Number : 1216B  Begbies Traynor Group PLC  26 January 2024

26 January 2024

 

Begbies Traynor Group plc

 

("Group" or "Company")

 

Exercise of Options & Director/PDMR Dealing

 

 

Begbies Traynor Group plc, announces that on 25 January 2024 Nick Taylor,
Group Finance Director, exercised share options over 250,000 ordinary 5 pence
shares in the Group at an exercise price of 5p ("the Options"). The Options
which are to be settled net of the option price will be satisfied through the
transfer of 239,035 fully paid up ordinary 5 pence shares in the Group
("Ordinary Shares") from the Group's employee benefit trust's existing
holding.

 

Following the transfer, the Group employee benefit trust will own 730,965
Ordinary Shares, representing approximately 0.46 per cent of the Company's
total voting rights.

 

In addition to exercising the Options, Nick Taylor has also sold 120,000
Ordinary Shares from his existing beneficial holding in the Group on 26
January 2024 at a price of 114 pence per Ordinary Share to meet tax
liabilities associated with exercising the Options.

 

Following the exercise of the Options and sale of Ordinary Shares, Nick Taylor
has an interest in 380,821 Ordinary Shares, representing approximately 0.24
per cent of the Company's total voting rights.

 

 

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  Share options granted at an option price 5 pence over 250,000 Ordinary Shares
 b)  Nature of the transactions               Exercise of share options over 250,000 Ordinary Shares at an exercise price of
                                              5 pence. The Options have been exercised net of the relevant option price, in
                                              each case using the closing share price on 25 January 2024 of 114.00 pence.
                                              This has resulted in the transfer of 239,035 Ordinary Shares from the Group's
                                              employee benefit trust's existing holding.
 c)  Price(s) and volume(s)                   Price(s)  Volume(s)
                                              5pence   250,000
 e)  Date of the transaction                  25 January 2024
 f)  Place of the transaction                 Outside a trading venue
 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 of 5 pence each
 b)  Nature of the transactions               Sale of 120,000 Ordinary Shares
 c)  Price(s) and volume(s)                   Price(s)   Volume(s)
                                              114 pence  120,000
 e)  Date of the transaction                  26 January 2024
 f)  Place of the transaction                 London Stock Exchange

e)

Date of the transaction

25 January 2024

f)

Place of the transaction

Outside a trading venue

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 of 5 pence each

b)

Nature of the transactions

Sale of 120,000 Ordinary Shares

c)

Price(s) and volume(s)

 Price(s)   Volume(s)
 114 pence  120,000

e)

Date of the transaction

26 January 2024

f)

Place of the transaction

London Stock Exchange

 

 

 

Enquiries please contact:

 

Begbies Traynor Group plc
                        0161 837 1700

John Humphrey - Group 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 Group
 
            020 3128 8100

Reg Hoare / Katie Hunt / Charles Hirst
    begbies@mhpgroup.com

 

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