REG - Begbies Traynor - Director/PDMR Shareholding

Begbies TraynorAnnouncement

12/07/2024 16:00

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RNS Number : 2880W  Begbies Traynor Group PLC  12 July 2024

12 July 2024

 

Begbies Traynor Group plc

 

Grant of Share Options and Notification of Transaction of person discharging
managerial responsibilities ("PDMR")

 

 

Begbies Traynor Group plc ("the Company"), announces that it has today made a
grant of nominal value share options over 450,000 ordinary shares of 5 pence
each in the Company ("Options") under its Share Option Scheme 2022 to its
Executive Chairman, Ric Traynor.

 

The Options, which vest in 2027 have the following performance conditions: One
third of the Options will vest in the event that the level of total
shareholder return over the performance period equals or exceeds the median
position of the FTSE AIM All Share Index over the same period.  The remaining
two thirds of the Options will be assessed with reference to compound annual
growth in adjusted diluted earnings per share ("EPS Growth") when measured
over the same performance period, with one third of the award vesting if 5%
EPS Growth is achieved and the balance of the award vesting proportionately
between 5-15% EPS Growth.  Following the exercise of the Options there is an
additional two-year holding period for the shares.

 

This award of Options follows the grant of similar nominal value share option
awards also with the same performance criteria, to the Company's other
executive directors, Mark Fry and Nick Taylor in February 2024.

 

If all of the Options, together with the other options referred to in the
Company's announcement on 29 February 2024 were exercised in full, this would
represent approximately 4.21% of the Company's issued share capital.

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 a)   Name                                                         Richard Traynor
 2    Reason for the notification
 a)   Position/status                                              Executive chairman and PDMR

 b)   Initial notification /Amendment                              Initial Notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Begbies Traynor Group plc

 b)   LEI                                                          21380075TB4ROF7KWK30

 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, type of instrument  Ordinary Shares of 5 pence each

 b)   Nature of the transaction                                    Grant of share options under the Group's Share Option Scheme 2022

 c)   Price(s) and volume(s)                                        Price(s)                             Volume(s)

      0.05p per Ordinary share                                                                             450,000

 d)   Aggregated information

      - Aggregated volume                                          N/A (Single transaction)

      - Price

 e)   Date of the transaction                                      12 July 2024

 f)   Place of the transaction                                     Grant of options occurred outside a trading venue

 

 

Enquiries please contact:

 

Begbies Traynor Group plc
                              0161 837 1700

Ric Traynor - Executive Chairman

Nick Taylor - Group Finance Director

 

Canaccord Genuity Limited
 
      020 7523 8350

(Nominated Adviser and Joint Broker)

Emma Gabriel / Harry Pardoe

 

Shore Capital (Joint
Broker)
           020 7408 4090

Malachy McEntyre / Mark Percy / Anita Ghanekar / James Thomas

 

MHP
 
            020 3128 8100

Reg Hoare / Katie Hunt / Charles Hirst
                                begbies@mhpgroup.com
(mailto:begbies@mhpgroup.com)

 

 

Information on Begbies Traynor Group can be accessed via the group's website
at

www.ir.begbies-traynorgroup.com

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