Last checked at 30 Jun 2021 15:12
30 June 2021
Tribal Group plc
("Tribal", the "Company" or the "Group")
Director/PDMR Shareholding
Tribal, a leading provider of software and services to the international education management market, announces that on 29 June 2021, under the terms of its 2018 Long Term Incentive Plan, the Company granted nil-cost options over 275,510 ordinary shares of 5 pence each in the Company ("ordinary shares") to Chief Executive Officer, Mark Pickett, and granted nil-cost options over 204,081 ordinary shares of 5 pence each in the Company ("ordinary shares") to Chief Finance Officer, Diane McIntyre. The options represent 0.23% of the Company's issued shares.
The award has been granted subject to performance conditions based on the Group's Key Performance Indicators (KPIs) over three years. The Options will ordinarily vest in equal parts over three years and may not be exercised before 29th June 2024.
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | 1) Mark Pickett 2) Diane McIntyre | |
2. | Reason for the notification | ||
(a) | Position/status | PMDR | |
(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 | Grant of options over Ordinary shares
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(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
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| 1. Nil cost 2. Nil cost
| 1. 275,510 2. 204,081
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(e) | Aggregated information - Aggregated volume - Price |
1) Volume 275,510 Price N/A 2) Volume 204,081 Price N/A
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(f) | Date of the transaction | 29 June 2021 | |
(g) | Place of the transaction | Outside a trading venue
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Enquiries:
Tribal Group plc | Tel: +44 (0) 117 311 5293 | |||
Mark Pickett, Chief Executive Officer Diane McIntyre, Chief Financial Officer |
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Investec Bank plc (NOMAD & Joint Broker) Sara Hale, Virginia Bull, Will Godfrey | Tel: +44 (0) 20 7597 5970
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N+1 Singer Capital Markets Limited (Joint Broker) | Tel: +44 (0) 20 7496 3000 |
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Shaun Dobson, Tom Salvesen, Alex Bond
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Alma PR | Tel: +44 (0)203 405 0205 |
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Caroline Forde, Robyn Fisher, Josh Royston, Molly Gretton |
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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.