REG - Tribal Group PLC - Exercise of Options and PDMR dealing

TribalAnnouncement

07/05/2025 07:00

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RNS Number : 5642H  Tribal Group PLC  07 May 2025

7 May 2025

Tribal Group plc

("Tribal", the "Company" or the "Group")

 

Exercise of Options and PDMR dealing

Tribal (AIM: TRB), a leading provider of software and services to the
international education management market, announces that it has approved the
issue of 278,784 new ordinary shares ("New Shares") of 5p each in the Company
pursuant to the exercise of options issued to certain members of senior
management under the terms of the Company's 2022 Long Term Incentive Plan.

An application has been made to the London Stock Exchange for the New Shares
to be admitted to trading on AIM which is expected at 8:00am on 9 May 2025
("Admission"). When issued, the New Shares will be credited as fully paid and
will rank pari passu in all respects with the existing ordinary shares of 5p
each in the capital of Tribal.

Total voting rights

Following Admission, the Company's enlarged issued share capital will comprise
214,133,482 ordinary shares of 5p each ("Ordinary Shares"), with one voting
right per share. The Company does not hold any shares in treasury and
therefore the total number of Ordinary Shares with voting rights in the
Company is 214,133,482. This figure may be used by shareholders in the Company
as the denominator for the calculations by which they will determine if they
are required to notify their interest in, or a change in their interest in,
the share capital of the Company under the Disclosure Guidance and
Transparency Rules of the UK Financial Conduct Authority.

Director/PDMR dealing

Pursuant to the exercise of options, and in part to cover the option holders'
tax related obligations, the following option holders who are PDMRs exercised
Nil cost options and have agreed to sell the associated Ordinary Shares on
Admission as set out below:

 PDMR            Number of Options exercised  Ordinary Shares agreed to be sold  Sale price
 Mark Pickett    155,647                      64,000                             £0.4068
 Diane McIntyre  123,137                      50,650                             £0.4068

 

Following the exercise and sale, Mark Pickett will have a beneficial interest
in 1,663,762 Ordinary Shares, including those held by his wife, and Diane
McIntyre will have a beneficial interest in 140,493 Ordinary Shares.

 

 1.   Details of the person discharging managerial responsibilities/person closely
      associated
 (a)  Names                                            A.    Mark Pickett

                                                       B.     Diane McIntyre
 2.   Reason for the notification
 (a)  Position/status                                  PDMR
 (b)  Initial notification/ Amendment                  Initial notification
 3.   Details of the issuer
 (a)  Name                                             Tribal Group plc
 (b)  LEI                                              213800Y8XLJFIXDY8J06
 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                        1.Exercise of options

                                                       2. Disposal of shares

 (d)  Price(s) and volume(s)                           Price(s)                    Volume(s)
                                                       1 A Nil cost                155,647

                                                       2 A £0.4068                 64,000

                                                       1 B Nil cost

                                                       2 B   £0.4068               123,137

                                                                                                  50,650

 (e)  Aggregated information                           1A: Volume 155,647 Price N/Aa

      -           Aggregated volume                    2A: Volume 64,000 Price £0.4068

      -           Price

                                                       1B: Volume 123,137 Price N/A

                                                       2B: Volume 50,650 Price £0.4068
 (f)  Date of the transaction                          1.2 May 2025

                                                       2. 9 May 2025

 (g)  Place of the transaction                         London Stock Exchange

 

 

 Enquiries:

 Tribal Group plc                                  Tel: +44 (0) 117 311 5293
 Mark Pickett, Chief Executive Officer

 Diane McIntyre, Chief Financial Officer

 Investec Bank plc (NOMAD & Joint Broker)        Tel: +44 (0) 20 7597 5970
 Virginia Bull, Nick Prowting

 Singer Capital Markets Limited (Joint Broker)   Tel: +44 (0) 20 7496 3000
 Shaun Dobson, Tom Salvesen, Alex Bond

 Alma Strategic Communications                   Tel: +44 (0)203 405 0205
 Caroline Forde, Hannah Campbell, Emma Thompson

 

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.

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