REG - Tribal Group PLC - Director/PDMR Shareholding

TribalAnnouncement

07/11/2019 18:30

RNS Number : 7177S
Tribal Group PLC
07 November 2019
 


7 November 2019
Tribal Group plc                                                                                                                                               
("Tribal" or the "Company")


SAYE Share Scheme 2019
Tribal (AIM: TRB), a leading provider of software and services to the international education market, announces the grant of options to employees as part of its Save As You Earn ('SAYE') share scheme for 2019. The scheme is open to all UK employees, giving them the opportunity to participate in the future growth of the Company via share option arrangements.
Eligible employees were invited to subscribe for options over Ordinary Shares of 5p of the Company with an exercise price of 58.2 pence, a 10% discount to the closing average market price of the Ordinary Shares from 3 September 2019 to 5 September 2019. The options have a contract start date of 1 November 2019 and are exercisable between 1 November 2022 and 30 April 2023.
A total of 176 employees elected to participate, and pursuant to these elections a total of 1,116,879 options over Ordinary Shares were issued on 1 November 2019 equating to 0.6% of the current issued share capital.
Mark Pickett, Chief Executive Officer, is a participant in the Company's SAYE scheme and is included in the total figures above. His individual option grants pursuant to this year's SAYE scheme is 15,463 shares.



1.


Details of the person discharging managerial responsibilities/person closely associated




(a)


Name


i.            Mark Pickett
ii.           Chloe Payne
iii.          Jon Baldwin
iv.          Mark Wilson
v.           Mike Beech
vi.          Paul Simpson
 




2.


Reason for the notification




(a)


Position/status


i.            Chief Executive Officer
ii.           Senior Management Position
iii.          Senior Management Position
iv.          Senior Management Position
v.           Senior Management Position
vi.          Senior Management Position
 
 




(b)


Initial notification/ Amendment


Initial notification




3.


Details of the issuer




(a)


Name


Tribal Group plc




(b)


LEI


2138003DLFRH7CB89Z84




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 £0.05 each




(b)


Identification code of the Financial Instrument


GB0030181522




(c)


Nature of the transaction


Grant of options under the Company's Save As You Earn Plan 




(d)


Price(s) and volume(s)


Price(s)


Volume(s)












i.           58.2 pence
ii.          58.2 pence
iii.         58.2 pence
iv.         58.2 pence
v.          58.2 pence 
vi.          58.2 pence 


i.      15,463
ii.     15,463
iii.    15,463
iv.    15,463
v.     15,463
v.     15,463
 




(e)


Aggregated information
-               Aggregated volume
-               Price


 
92,778 shares
58.2 pence




(f)


Date of the transaction


1 November 2019




(g)


Place of the transaction


Outside a trading venue



  



Enquiries:



Tribal Group plc


Tel: 0117 311 5293




Mark Pickett, Chief Executive Officer
Paul Simpson, Acting Chief Financial Officer


















Investec Bank plc


Tel: 020 7597 5970








Sara Hale
Andrew Pinder
Will Godfrey
Neil Coleman


























N+1 Singer Capital Markets Limited

Shaun Dobson
 
Tulchan Communications LLP                           
James Macey White
David Ison
 


Tel: 020 7496 3000
 
 
Tel:  020 7353 4200                 








Sophie Duckworth


























 
About Tribal Group plc
Tribal Group plc is a pioneering world-leader of education software and services. Its portfolio includes Student Information Systems; a broad range of education services covering quality assurance, peer review, benchmarking and improvement; and student surveys that provide the leading global benchmarks for student experience. Working with Higher Education, Further and Tertiary Education, schools, Government and State bodies, training providers and employers, in over 55 countries; Tribal Group's mission is to empower the world of education with products and services that underpin student success



 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHCKODBFBDDFDK