Exercise of Options

RNS Number : 0514P

Driver Group plc

16 June 2022

 

DRIVER GROUP PLC

("Driver" or the "Group")

Exercise of Options, PDMR Shareholding and Total Voting Rights

Driver Group plc (AIM: DRV), the leading global professional services consultancy to the construction and engineering industries providing multi-disciplinary consultancy services including expert witness, claims and dispute resolution services, announces that on 15 June 2022, options over 170,000 ordinary shares of 0.4 pence each in the Company ("Ordinary Shares") have been exercised by certain employees with an exercise price of nil pence per Ordinary Share (the "Options") pursuant to the Company's share option plan.

PDMR Shareholding

Of the Options, 50,000 have been exercised by Tom Comerford. Following the exercise, Mr Comerford's total beneficial holding is 55,600 Ordinary Shares, representing 0.1% of the Company's issued share capital.

To satisfy the exercise of the Options, 170,000 existing Ordinary Shares were transferred from treasury. 

Following this transfer, the issued share capital of the Company consists of 53,962,868 Ordinary Shares of which 469,654 are held in treasury. Therefore, the total number of Ordinary Shares carrying voting rights in Driver is 53,493,214. This figure of 53,493,214 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the Company under the Disclosure Guidance and Transparency Rules.

Enquiries:

Driver Group plc    020 7377 0005

Mark Wheeler (CEO) 

David Kilgour (CFO)

Singer Capital Markets  (Nomad & Broker)     020 7496 3000

Sandy Fraser 

Will Goode 

Katherine Coppock

Acuitas Communications       07736 220 565

Simon Nayyar   [e-mail]

Edward Lee       [e-mail]

Details of the transactions can be found in the Notification of Dealing Form below. 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tom Comerford
2	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification /Amendment	15/06/2022
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Driver Group Plc
b)	LEI	213800FN83KF8AF4Y572
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
	Identification code
b)	Nature of the transaction	Exercise of share options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£nil	50,000
d)	Aggregated information	n/a - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	15/06/2022
f)	Place of the transaction	London

 

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