Last checked at 17 Oct 2022 17:53
17 October 2022
Begbies Traynor Group plc
("Group" or "Company")
Additional Allotment and New Issue together with Director/PDMR Shareholding
Begbies Traynor Group plc, announces that it has today applied to the AIM market of the London Stock Exchange for an additional listing of 68,250 fully paid up ordinary 5 pence shares in the Group ("Ordinary Shares") to satisfy the exercise by staff of certain share options. Incorporated within the additional listing are Ordinary Shares which have been allotted to Nick Taylor, Group Finance Director, who has exercised share options over 18,250 Ordinary Shares by subscription at an option price of 63.12 pence.
Admission of these shares is expected to occur on 21 October 2022 following which the total number of shares in issue and total voting rights will be 154,239,001. The Group does not hold any shares in treasury and, therefore, the above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in the Company.
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 | 17October 2022 | ||||
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 | Company approved share options granted at an option price of 63.12 pence over 18,250 Ordinary Shares | ||||
b) | Nature of the transactions | The exercise of options over 18,250 Ordinary Shares at an exercise price of 63.12 pence. The Options have been exercised by subscription and this has resulted in the issue and allotment of 18,250 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. | ||||
c) | Price(s) and volume(s) |
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e) | Date of the transaction | 17 October 2022 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
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 / 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
Information on Begbies Traynor Group can be accessed via the Group's website atwww.begbies-traynorgroup.com/investor-relations