26 January 2024
Begbies
Traynor Group plc
("Group" or "Company")
Exercise of Options &
Director/PDMR Dealing
Begbies Traynor Group plc, announces
that on 25 January 2024 Nick Taylor, Group Finance Director,
exercised share options over 250,000 ordinary 5 pence shares in the
Group at an exercise price of 5p ("the Options"). The Options which
are to be settled net of the option price will be satisfied through
the transfer of 239,035 fully paid up ordinary 5 pence shares in
the Group ("Ordinary Shares") from the Group's employee benefit
trust's existing holding.
Following the transfer, the Group
employee benefit trust will own 730,965 Ordinary Shares,
representing approximately 0.46 per cent of the Company's total
voting rights.
In addition to exercising the
Options, Nick Taylor has also sold 120,000 Ordinary Shares from his
existing beneficial holding in the Group on 26 January 2024 at a
price of 114 pence per Ordinary Share to meet tax liabilities
associated with exercising the Options.
Following the exercise of the
Options and sale of Ordinary Shares, Nick Taylor has an interest in
380,821 Ordinary Shares, representing approximately 0.24 per cent
of the Company's total voting rights.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1.
|
Details of PDMR / person closely associated with them
("PCA")
|
a)
|
Name
|
Nick Taylor
|
2.
|
Reason for the notification
|
a)
|
Position / status
|
Group Finance Director
|
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
|
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
|
Share options granted at an option
price 5 pence over 250,000 Ordinary Shares
|
b)
|
Nature of the
transactions
|
Exercise of share options over
250,000 Ordinary Shares at an exercise price of 5 pence. The
Options have been exercised net of the relevant option price, in
each case using the closing share price on 25 January 2024 of
114.00 pence. This has resulted in the transfer of 239,035 Ordinary
Shares from the Group's employee benefit trust's existing
holding.
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
5 pence
|
250,000
|
|
e)
|
Date of the transaction
|
25 January 2024
|
f)
|
Place of the transaction
|
Outside a trading venue
|
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 5 pence
each
|
b)
|
Nature of the
transactions
|
Sale of 120,000 Ordinary
Shares
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
114 pence
|
120,000
|
|
e)
|
Date of the transaction
|
26 January 2024
|
f)
|
Place of the transaction
|
London Stock Exchange
|
Enquiries please contact:
Begbies Traynor Group plc
0161 837 1700
John Humphrey - Group Company
Secretary
Canaccord Genuity Limited
020 7523 8350
(Nominated Adviser and Joint
Broker)
Emma Gabriel / Harry
Pardoe
Shore Capital
020
7408 4090
(Joint Broker)
Malachy McEntyre / Mark Percy / Anita
Ghanekar / James Thomas
MHP
Group
020 3128 8100
Reg Hoare / Katie Hunt
/ Charles Hirst
begbies@mhpgroup.com