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Tribal Group PLC (TRB)

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Thursday 01 April, 2021

Tribal Group PLC

Director/PDMR Shareholding

RNS Number : 3604U
Tribal Group PLC
01 April 2021
 

01 April 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 the 01 April 2021 Mark Pickett exercised 247,678 ordinary shares of 5 pence each in the Company under the Company LTIP Plan ("the Plan") and sold 120,000 shares to cover tax related obligations. In addition Mark Pickett sold 40,000 shares and his wife sold a further 40,000 shares. Following the transactions Mark Pickett has a beneficial interest in 740,919 ordinary shares, including those held by his wife.

Following Admission, the Company's enlarged issued share capital will comprise 206,102,288 ordinary shares of 5p each, with one voting right per share. The Company does not hold any shares in treasury and therefore the total number of Ordinary Shares with voting rights in the Company is 206,102,288. 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 Disclosure and Transparency Rules of the UK Financial Conduct Authority.

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Mark Pickett

2.

Reason for the notification

(a)

Position/status

PMDR

(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

2a.  £1.02

2b.  £1.04

1.  247,678

2a.  80,000

2b. 120,000




(e)

Aggregated information

-  Aggregated volume

-   Price

 

Volume 247,678  Price N/A

Volume 80,000  Price £1.02

Volume 120,000  Price £1.04

 

(f)

Date of the transaction

01 April 2021

(g)

Place of the transaction

1.Outside a trading venue

2. London Stock Exchange

 

Also on 01 April 2021 Richard Last, Chairman of Tribal, sold 1,000,000 ordinary shares of 5 pence each in the Company and  has a beneficial interest in 2,995,726 ordinary shares, and Roger McDowell sold 1,000,000 ordinary shares of 5 pence each in the Company and has a beneficial interest in 2,975,726 ordinary shares.

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Richard Last

2.

Reason for the notification

(a)

Position/status

PMDR

(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

Disposal of shares

 

(d)

Price(s) and volume(s)

Price(s)

Volume(s)



£1.027

 

1,000,000

 




(e)

Aggregated information

-  Aggregated volume

-   Price

 

Volume 1,000,000  Price £1.027

 

(f)

Date of the transaction

01 April 2021

(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

Roger McDowell

2.

Reason for the notification

(a)

Position/status

PMDR

(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

 Disposal of shares

 

(d)

Price(s) and volume(s)

Price(s)

Volume(s)



1.  £1.027

 

1.  1,000,000

 




(e)

Aggregated information

-  Aggregated volume

-   Price

 

Volume 1,000,000  Price £1.027

 

(f)

Date of the transaction

01 April 2021

(g)

Place of the transaction

1.Outside a trading venue

2. London Stock Exchange

 

 Enquiries:

Tribal Group plc

Tel: +44 (0) 117 311 5293

Mark Pickett, Chief Executive Officer

Paul Simpson, Acting Chief Financial Officer

Ken Lewis, Company Secretary

 


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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