Director/PDMR Shareholding

RNS Number : 7047D
Tribal Group PLC
30 June 2021

30 June 2021

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 29 June 2021, under the terms of its 2018 Long Term Incentive Plan, the Company granted nil-cost options over 275,510 ordinary shares of 5 pence each in the Company ("ordinary shares") to Chief Executive Officer, Mark Pickett, and granted nil-cost options over 204,081 ordinary shares of 5 pence each in the Company ("ordinary shares") to Chief Finance Officer, Diane McIntyre. The options represent 0.23% of the Company's issued shares.

The award has been granted subject to performance conditions based on the Group's Key Performance Indicators (KPIs) over three years. The Options will ordinarily vest in equal parts over three years and may not be exercised before 29th June 2024.


Details of the person discharging managerial responsibilities/person closely associated



1)  Mark Pickett

2)  Diane McIntyre


Reason for the notification





Initial notification/ Amendment

Initial notification


Details of the issuer



Tribal Group plc





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


Description of the Financial Instrument

Options over Ordinary shares of £0.05 each


Identification code of the Financial Instrument



Nature of the transaction

Grant of options over Ordinary shares



Price(s) and volume(s)





1.  Nil cost

2.  Nil cost


1.  275,510

2.  204,081






Aggregated information

-    Aggregated volume

-  Price


1)  Volume 275,510  Price N/A

2)  Volume 204,081  Price N/A



Date of the transaction

29 June 2021


Place of the transaction

Outside a trading venue





Tribal Group plc

Tel: +44 (0) 117 311 5293

Mark Pickett, Chief Executive Officer

Diane McIntyre, Chief Financial Officer


Investec Bank plc (NOMAD & Joint Broker)

Sara Hale, Virginia Bull, Will Godfrey

Tel: +44 (0) 20 7597 5970







N+1 Singer Capital Markets Limited  (Joint Broker)

Tel: +44 (0) 20 7496 3000 


Shaun Dobson, Tom Salvesen, Alex Bond





Alma PR

Tel: +44 (0)203 405 0205


Caroline Forde, Robyn Fisher, Josh Royston, Molly Gretton










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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Tribal Group (TRB)
UK 100

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