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Tribal Group PLC - Director/PDMR Shareholding

RNS Number : 1836S
Tribal Group PLC
07 July 2020
 

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

 

(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

 

 




Investec Bank plc

Tel: 020 7597 5970


Sara Hale

Virginia Bull

Will Godfrey

 

 






N+1 Singer Capital Markets Limited
Shaun Dobson

 

 

Tel: 020 7496 3000

 












 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

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Market: LSE
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