PDMR Dealings

RNS Number : 9447L

Driver Group plc

06 January 2023

 

DRIVER GROUP PLC

("Driver" or the "Group")

PDMR Dealings

Driver Group PLC (AIM: DRV), the global professional services consultancy to the construction and engineering industries, announces that it has entered into agreements with Mr Tom Comerford, Chief Operating Officer and Mr Peter Banathy, Regional Director (the "Agreements").

As part of the Agreement, the Group has today issued 150,000 new ordinary shares of 0.4 pence each in the Group (the "Award Shares") held in Treasury and has granted nil cost options over 250,000 Ordinary Shares under the Group's share option scheme (the "Options"). The Options vest on receipt, subject to certain conditions. The issue price for the Award Shares is 24 pence per share, being the closing price the day the Agreement was entered into.

Following the issue of the Award Shares, Tom Comerford holds 155,600 Ordinary Shares representing 0.3 per cent. of the Groups issued share capital and Peter Banathy holds 191,973 Ordinary Shares representing 0.4 per cent. of the Groups issued share capital.

To satisfy the issue of the Award Shares, 150,000 existing Ordinary Shares were transferred from treasury on 05 January 2023 .

Following the transfer of the Award Shares, the issued share capital of the Company consists of 53,962,868 Ordinary Shares of which 1,562,406 are held in Treasury. Therefore, the total number of Ordinary Shares carrying voting rights in Driver is 52,400,462. This figure of 52,400,462 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) 

Charlotte Parsons (CFO)

Singer Capital Markets (Nomad & Broker)                             020 7496 3000

Jen Boorer

Sandy Fraser 

Acuitas Communications                                                        020 3687 0868

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	PDMR
b)	Initial notification /Amendment	Initial notification
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 of 0.4 pence each
	Identification code	GB00B0L9C092
b)	Nature of the transaction	Issue of Award Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			24 pence	100,000
d)	Aggregated information	N/A - Single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	05 January 2023
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Peter Banathy
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial notification
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	Options over Ordinary Shares of 0.4 pence each
	Identification code	GB00B0L9C092
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			24 pence	50,000
d)	Aggregated information	N/A - Single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	05 January 2023
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tom Comerford
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial notification
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	Options over Ordinary Shares of 0.4 pence each
	Identification code	GB00B0L9C092
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	150,000
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	05 January 2023
f)	Place of the transaction	Outside a trading venue - grant of options

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Peter Banathy
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial notification
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	Options over Ordinary Shares of 0.4 pence each
	Identification code	GB00B0L9C092
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	100,000
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	05 January 2023
f)	Place of the transaction	Outside a trading venue - grant of options

 

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