Director/PDMR Shareholding

RNS Number : 0979C
Tribal Group PLC
05 February 2020
 

05 February 2020

Tribal Group plc

("Tribal", the "Company" or the "Group")

 

Director/PDMR Shareholding

Tribal, a leading provider of software and services to the international education management market, announces that on the 4 February 2020 Mark Pickett, Chief Executive Officer of Tribal, exercised options over 1,223,241 ordinary shares of 5 pence each in the Company ("ordinary shares") under the Long Term Incentive Plan ("the Plan") and sold 530,000 shares to cover tax related obligations. Following the transactions Mark Pickett has a beneficial interest in 693,241 ordinary shares, including those held by his wife.

On 4 February 2020 Nigel Halkes, Non-Executive Director of Tribal, purchased 14,285 ordinary shares of 5 pence each in the Company and has a beneficial interest in 14,285 ordinary shares.

Following Admission, the Company's enlarged issued share capital will comprise 204,209,023 ordinary shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Mark Pickett

2.

Reason for the notification

(a)

Position/status

Chief Executive Officer

(b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer

(a)

Name

Tribal Group plc

(b)

LEI

213800Y8XLJFIXDY8J06

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 of £0.05 each

(b)

Identification code of the Financial Instrument

GB0030181522

(c)

Nature of the transaction

1.     Exercise of Options

2.     Disposal of shares

(d)

Price(s) and volume(s)

Price(s)

Volume(s)



1.     Nil cost

2.     £0.70

1.     1,223,241

2.     530,000




(e)

Aggregated information

-           Aggregated volume

-           Price

 

1.     Volume: 1,223,241 Price: N/A

2.     Volume: 530,000  Price: £0.70

(f)

Date of the transaction

4 February 2020

(g)

Place of the transaction

1.     Outside a trading venue

2.     London Stock Exchange

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Nigel Halkes

2.

Reason for the notification

(a)

Position/status

Non-Executive Director

(b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer

(a)

Name

Tribal Group plc

(b)

LEI

213800Y8XLJFIXDY8J06

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 of £0.05 each

(b)

Identification code of the Financial Instrument

GB0030181522

(c)

Nature of the transaction

Purchase of shares

(d)

Price(s) and volume(s)

Price(s)

Volume(s)



£0.70

14,285




(e)

Aggregated information

-           Aggregated volume

-           Price

 

14,285

£0.70

(f)

Date of the transaction

4 February 2020

(g)

Place of the transaction

London Stock Exchange

Enquiries:

Tribal Group plc

Tel: 0117 311 5293

Mark Pickett, Chief Executive Officer

Paul Simpson, Acting Chief Financial Officer

 

 




Investec Bank plc

Tel: 020 7597 5970


Sara Hale

Andrew Pinder

Will Godfrey

Neil Coleman

Virginia Bull

 

 






N+1 Singer Capital Markets Limited
Shaun Dobson

Tom Salveson

Alex Bond

 

Tulchan Communications LLP                           

James Macey White

Matt Low

Sophie Duckworth

Tel: 020 7496 3000

 

 

Tel:  020 7353 4200                 












 

About Tribal Group plc

Tribal Group plc is a pioneering world-leader of education software and services. Its portfolio includes Student Information Systems; a broad range of education services covering quality assurance, peer review, benchmarking and improvement; and student surveys that provide the leading global benchmarks for student experience. Working with Higher Education, Further and Tertiary Education, schools, Government and State bodies, training providers and employers, in over 55 countries; Tribal Group's mission is to empower the world of education with products and services that underpin student success.

 


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