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
- Price
|
N/A (Single transaction)
|
|
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
Information on Begbies Traynor Group
can be accessed via the group's website at
www.ir.begbies-traynorgroup.com