Last checked at 7 Jul 2020 07:00
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
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(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
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Investec Bank plc | Tel: 020 7597 5970 | |||
Sara Hale Virginia Bull Will Godfrey
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N+1 Singer Capital Markets LimitedShaun Dobson
| Tel: 020 7496 3000
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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