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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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