REG - Tribal Group PLC - Director/PDMR Shareholding

TribalAnnouncement

07/07/2020 07:00

RNS Number : 1836S
  
Tribal Group PLC
  
07 July 2020
  
 

7th July 2020
 
Tribal Group plc 
("Tribal" or the "Company")
 
PDMR Shareholding
Tribal, a leading provider of software and services to the international education management market, announces that on the 6th July 2020 the Company granted 1,910,000 nil cost options ("Options") over ordinary shares of 5 pence each in the Company ("Ordinary Shares"). The Options, representing approximately 0.9% of the Company's issued shares, were granted to its senior management and employees including certain Persons Discharging Management Responsibility ("PDMR") under the terms of the Company's 2010 Long Term Incentive Plan.
The Options will vest in equal parts over two years and may not be exercised before 30th June 2021 and 30th June 2022 respectively.  The Options will be satisfied by the Tribal Share Ownership Trust.



1.


Details of the person discharging managerial responsibilities/person closely associated




(a)


Name


i.              Mike Beech
ii.             Peter Croft
iii.            Ken Lewis




2.


Reason for the notification




(a)


Position/status


i.     Senior Management Position
ii.    Senior Management Position
iii.   Senior Management Position




(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 


Options over Ordinary shares of £0.05 each




(b)


Identification code of the Financial Instrument


GB0030181522




(c)


Nature of the transaction


Issue of Options
 




(d)


Currency


GBP - British Pound




(e)


Price(s) and volume(s)


Price(s)


Volume(s)












i.              n/a
ii.             n/a
iii.            n/a


i.      20,000
ii.     50,000
iii.    50,000




(f)


Aggregated information
-               Aggregated volume
-               Price


 
120,000 shares
n/a




(g)


Date of the transaction


6 July 2020




(h)


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
Virginia Bull
Will Godfrey
 
 


























N+1 Singer Capital Markets Limited

Shaun Dobson
 
 


Tel: 020 7496 3000
 



















































 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
 
 
DSHKKABNFBKDAOK