REG - Begbies Traynor - Additional Allotment and New Issue including PDMR

Begbies TraynorAnnouncement

24/01/2023 13:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230124:nRSX7234Na&default-theme=true

RNS Number : 7234N  Begbies Traynor Group PLC  24 January 2023

24 January 2023

 

Begbies Traynor Group plc

 

("Group" or "Company")

 

 

Additional Allotment and New Issue including director/PDMR shareholder

 

Begbies Traynor Group plc, announces that it has today applied to the AIM
market of the London Stock Exchange for an additional listing of 148,641 fully
paid up ordinary 5 pence shares in the Group ("Ordinary Shares") to satisfy
the exercise by staff of certain share options.

 

Incorporated within this additional listing are Ordinary Shares which have
been allotted to Nick Taylor, Group Finance Director, who has exercised share
options over 250,000 ordinary 5 pence shares in the Group at an exercise price
of 63.12p ("the Options").  Settling the Options net of the relevant option
price has resulted in the additional issue and allotment of 140,720 Ordinary
Shares. In addition to exercising the Options Nick Taylor has also sold an
aggregate of 103,000 Ordinary Shares from his existing beneficial holding in
the Group with 70,000 being sold on 23 January at 144 pence and 33,000 sold
today at 144.50 pence.

 

Admission of these shares to trading on the AIM market of the London Stock
Exchange is expected to occur on 30 January 2023 following which the total
number of shares in issue and total voting rights will be 154,506,246. The
Group does not hold any shares in treasury and, therefore, the above figure
may be used by shareholders as the denominator for the calculation by which
they will determine if they are required to notify their interest in, or a
change to their interest in the Company.

 

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  Ordinary Shares and share options granted at an option price 63.12 pence over
                                              250,000 Ordinary Shares.
 b)  Nature of the transactions               Sale of 103,000 Ordinary Shares and the exercise of share options over 250,000
                                              Ordinary Shares at an exercise price of 63.12 pence.  The Options have been
                                              exercised net of the relevant option prices, in each case using the closing
                                              share price on 20 January 2023 of 144.40 pence. This has resulted in the issue
                                              and allotment of 140,720 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.
 c)  Price(s) and volume(s)                   Price(s)      Volume(s)
                                              63.12 pence   140,720
                                              144 pence     70,000
                                              144.50 pence  33,000
 e)  Date of the transaction                  23 and 24 January 2023
 f)  Place of the transaction                 London Stock Exchange (AIM)

e)

Date of the transaction

23 and 24 January 2023

f)

Place of the transaction

London Stock Exchange (AIM)

 

 

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 / 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 (mailto:begbies@mhpc.com)

 

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
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ALSFLFFVLVISFIV