Last checked at 6 Jan 2017 11:14
6 January 2017
Begbies Traynor Group plc
Director/PDMR Shareholding and Issue of Equity
Julie Palmer, Regional Managing Partner at Begbies Traynor Group plc, has exercised share options ("the Options") over 150,000 ordinary 5 pence shares in the Group ("Ordinary Shares") at an exercise price of 36.69p. Using net settlement, this has resulted in the issue and allotment of 42,088 Ordinary Shares. The Ordinary Shares are expected to be admitted to trading on AIM on 11 January 2017
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
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 | Julie Palmer | ||||
2. | Reason for the notification | |||||
a) | Position / status | Regional Managing Partner | ||||
b) | Initial notification / amendment | 4 January 2017 | ||||
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 | Options granted at an option price of 36.69 pence over 150,000 Ordinary Shares | ||||
b) | Nature of the transaction | Exercise of options over 150,000 Ordinary Shares at an exercise price of 36.69 pence. The Options have been exercised by net settlement, using the closing price of 4 January 2017 of 51.00 pence. This has resulted in the issue and allotment of 42,088 fully paid Ordinary Shares for which the Company has applied to AIM for listing and which upon admission will rank pari passu with the Group's other Ordinary Shares. | ||||
c) | Price(s) and volume(s) |
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e) | Date of the transaction | 4 January 2017
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f) | Place of the transaction | London Stock Exchange, AIM | ||||
For further information:
Begbies Traynor Group plc 0161 837 1700
John Humphrey
Canaccord Genuity Limited 020 7523 8350
(Nominated Adviser and Joint Broker)
Bruce Garrow / Nilesh Patel / Rory Horswell
Shore Capital (Joint Broker) 020 7408 4090
Mark Percy / Anita Ghanekar
MHP Communications 020 3128 8100
Reg Hoare / Katie Hunt / Giles Robinson