Grant of Options

RNS Number : 4030N

Begbies Traynor Group PLC

25 July 2014

 



25 July 2014

Begbies Traynor Group plc

Grant of Options

Begbies Traynor Group plc ("the Group"), announces that the Board has today made a grant of share options under the Group's Share Option Scheme 2013 to one of its executive directors, Nick Taylor, who has been granted options over 250,000 ordinary 5 pence shares in the Group ("Ordinary Shares") at the option price of 51.00 pence.  In addition to this award, the Group has also granted options under the same scheme to John Humphrey, the Group's Company Secretary, over 125,000 Ordinary Shares at the option price of 51.00 pence.

Half of the total awards granted to each individual vest immediately but may only be exercised after three years provided that the individual remains with the Group.  The other half of the total awards made to each individual only vest if certain performance hurdles are achieved, at which point the balance of the awards may be exercised. This requires both an overall increase in adjusted earnings per share of RPI plus 2.5% over a consecutive three year period and the level of total shareholder return equalling or exceeding the median of the combined FTSE AIM Financial Services and FTSE AIM Industrial Goods & Services indexes over the same period.

The options detailed above, if exercised in full, will represent approximately 0.41% of the Group's issued share capital.

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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)

Bruce Garrow / Philippa Underwood

Shore Capital                                                                                                                  020 7408 4090

(Joint Broker)

Pascal Keane

MHP Communications                                                                                                  020 3128 8100

Reg Hoare / Katie Hunt / Giles Robinson / Renny Popoola

Information on Begbies Traynor Group can be accessed via the Group's website at www.begbies-traynorgroup.com

 

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