Begbies Traynor Group PLC Additional Allotment and New Issue including PDMR (6672G)
20 Juli 2023 - 11:15AM
UK Regulatory
TIDMBEG
RNS Number : 6672G
Begbies Traynor Group PLC
20 July 2023
20 July 2023
Begbies Traynor Group plc
( "Group")
Additional Allotment and New Issue including director/PDMR
shareholder
Mark Fry, head of business recovery and advisory at Begbies
Traynor Group plc, has exercised share options over 600,000
ordinary 5 pence shares in the Group ("Ordinary Shares") at an
exercise price of 36.69 pence ("Options"). Settling the Options net
of the relevant option price has resulted in the additional issue
and allotment of 433,228 Ordinary Shares. Admission of these shares
to trading on the AIM market of the London Stock Exchange is
expected to occur on Tuesday 25 July 2023 f ollowing which the
total number of shares in issue and total voting rights will be
155,294,158.
In addition to exercising the Options Mark Fry has also sold
250,000 Ordinary Shares from his beneficial holding in the Group at
a sale price of 132 pence per share to meet his taxation obligation
in respect of the issue of the new issue of Ordinary Shares.
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 Mark Fry
--------------------- ----------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------
a) Position / status Head of Business Recovery and Advisory
--------------------- ----------------------------------------------
b) Initial notification Initial Notification
/ amendment
--------------------- ----------------------------------------------
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 Ordinary Shares at 5 pence each and share
of the financial options granted at option prices of 36.69
instrument pence over 600,000 Ordinary Shares.
--------------------- ----------------------------------------------
b) Nature of the The exercise of share options over 600,000
transactions Ordinary Shares at an exercise price
of 36.69 pence. The Options have been
exercised net of the relevant option
prices, in each case using the closing
share price on 18 July 2023 of 132.00
pence. This has resulted in the issue
and allotment of 433,228 fully paid Ordinary
Shares for which the Company has applied
to AIM for listing and which upon admission
will rank pari passu with the Company's
other Ordinary Shares.
Sale of 250,000 Ordinary Shares.
--------------------- ----------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 36.69 pence 600,000
----------
132 pence 250,000
----------
--------------------- ----------------------------------------------
e) Date of the 19 July 2023
transaction
--------------------- ----------------------------------------------
f) Place of the London Stock Exchange (AIM)
transaction
--------------------- ----------------------------------------------
Enquiries please contact:
Begbies Traynor Group plc 0161 837 1700
John Humphrey - Company Secretary
Canaccord Genuity Limited 020 7523 8350
(Nominated Adviser and Joint Broker)
Emma Gabriel / Patrick Dolaghan
Shore Capital 020 7408 4090
(Joint Broker)
Malachy McEntyre / Mark Percy / Anita Ghanekar / James
Thomas
MHP Communications 020 3128 8572
Reg Hoare / Katie Hunt / Pauline Guenot begbies@mhpc.com
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END
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