Last checked at 20 Jul 2023 10:15
20 July 2023
Begbies Traynor Group plc
("Group")
Additional Allotment and New Issue including director/PDMR shareholder
Mark Fry, head of business recovery and advisory at Begbies Traynor Group plc, has exercised share options over 600,000 ordinary 5 pence shares in the Group ("Ordinary Shares") at an exercise price of 36.69 pence ("Options"). Settling the Options net of the relevant option price has resulted in the additional issue and allotment of 433,228 Ordinary Shares. Admission of these shares to trading on the AIM market of the London Stock Exchange is expected to occur on Tuesday 25 July 2023 following which the total number of shares in issue and total voting rights will be 155,294,158.
In addition to exercising the Options Mark Fry has also sold 250,000 Ordinary Shares from his beneficial holding in the Group at a sale price of 132 pence per share to meet his taxation obligation in respect of the issue of the new issue of Ordinary Shares.
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 | Mark Fry | ||||||||
2. | Reason for the notification | |||||||||
a) | Position / status | Head of Business Recovery and Advisory | ||||||||
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 at 5 pence each and share options granted at option prices of 36.69 pence over 600,000 Ordinary Shares. | ||||||||
b) | Nature of the transactions | The exercise of share options over 600,000 Ordinary Shares at an exercise price of 36.69 pence. The Options have been exercised net of the relevant option prices, in each case using the closing share price on 18 July 2023 of 132.00 pence. This has resulted in the issue and allotment of 433,228 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. Sale of 250,000 Ordinary Shares. | ||||||||
c) | Price(s) and volume(s) |
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e) | Date of the transaction | 19 July 2023 | ||||||||
f) | Place of the transaction | London Stock Exchange (AIM) | ||||||||
Enquiries please contact:
Begbies Traynor Group plc 0161 837 1700
John Humphrey - Company Secretary
Canaccord Genuity Limited 020 7523 8350
(Nominated Adviser and Joint Broker)
Emma Gabriel / 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 / Pauline Guenot begbies@mhpc.com