7 Nov 2019 18:29
7 November 2019
Tribal Group plc
("Tribal" or the "Company")
SAYE Share Scheme 2019
Tribal (AIM: TRB), a leading provider of software and services to the international education market, announces the grant of options to employees as part of its Save As You Earn ('SAYE') share scheme for 2019. The scheme is open to all UK employees, giving them the opportunity to participate in the future growth of the Company via share option arrangements.
Eligible employees were invited to subscribe for options over Ordinary Shares of 5p of the Company with an exercise price of 58.2 pence, a 10% discount to the closing average market price of the Ordinary Shares from 3 September 2019 to 5 September 2019. The options have a contract start date of 1 November 2019 and are exercisable between 1 November 2022 and 30 April 2023.
A total of 176 employees elected to participate, and pursuant to these elections a total of 1,116,879 options over Ordinary Shares were issued on 1 November 2019 equating to 0.6% of the current issued share capital.
Mark Pickett, Chief Executive Officer, is a participant in the Company's SAYE scheme and is included in the total figures above. His individual option grants pursuant to this year's SAYE scheme is 15,463 shares.
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | i. Mark Pickett ii. Chloe Payne iii. Jon Baldwin iv. Mark Wilson v. Mike Beech vi. Paul Simpson
| |
2. | Reason for the notification | ||
(a) | Position/status | i. Chief Executive Officer ii. Senior Management Position iii. Senior Management Position iv. Senior Management Position v. Senior Management Position vi. Senior Management Position
| |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | Tribal Group plc | |
(b) | LEI | 2138003DLFRH7CB89Z84 | |
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 of £0.05 each | |
(b) | Identification code of the Financial Instrument | GB0030181522 | |
(c) | Nature of the transaction | Grant of options under the Company's Save As You Earn Plan | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
i. 58.2 pence ii. 58.2 pence iii. 58.2 pence iv. 58.2 pence v. 58.2 pence vi. 58.2 pence | i. 15,463 ii. 15,463 iii. 15,463 iv. 15,463 v. 15,463 v. 15,463
| ||
(e) | Aggregated information - Aggregated volume - Price |
92,778 shares 58.2 pence | |
(f) | Date of the transaction | 1 November 2019 | |
(g) | Place of the transaction | Outside a trading venue | |
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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 | |||||||||||||||||||||||||||||||||||||||||||||
Tribal Grp. (TRB)