26 January 2024
Begbies Traynor Group plc
("Group" or "Company")
Exercise of Options & Director/PDMR Dealing
Begbies Traynor Group plc, announces that on 25 January 2024 Nick Taylor, Group Finance Director, exercised share options over 250,000 ordinary 5 pence shares in the Group at an exercise price of 5p ("the Options"). The Options which are to be settled net of the option price will be satisfied through the transfer of 239,035 fully paid up ordinary 5 pence shares in the Group ("Ordinary Shares") from the Group's employee benefit trust's existing holding.
Following the transfer, the Group employee benefit trust will own 730,965 Ordinary Shares, representing approximately 0.46 per cent of the Company's total voting rights.
In addition to exercising the Options, Nick Taylor has also sold 120,000 Ordinary Shares from his existing beneficial holding in the Group on 26 January 2024 at a price of 114 pence per Ordinary Share to meet tax liabilities associated with exercising the Options.
Following the exercise of the Options and sale of Ordinary Shares, Nick Taylor has an interest in 380,821 Ordinary Shares, representing approximately 0.24 per cent of the Company's total voting rights.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
| 1. | Details of PDMR / person closely associated with them ("PCA") | |||||
| a) | Name | Nick Taylor | ||||
| 2. | Reason for the notification | |||||
| a) | Position / status | Group Finance Director | ||||
| b) | Initial notification / amendment | Initial Notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Begbies Traynor Group plc | ||||
| 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 | Share options granted at an option price 5 pence over 250,000 Ordinary Shares | ||||
| b) | Nature of the transactions | Exercise of share options over 250,000 Ordinary Shares at an exercise price of 5 pence. The Options have been exercised net of the relevant option price, in each case using the closing share price on 25 January 2024 of 114.00 pence. This has resulted in the transfer of 239,035 Ordinary Shares from the Group's employee benefit trust's existing holding. | ||||
| c) | Price(s) and volume(s) |
| ||||
| e) | Date of the transaction | 25 January 2024 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 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 5 pence each | ||||
| b) | Nature of the transactions | Sale of 120,000 Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| e) | Date of the transaction | 26 January 2024 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
Enquiries please contact:
Begbies Traynor Group plc 0161 837 1700
John Humphrey - Group Company Secretary
Canaccord Genuity Limited 020 7523 8350
(Nominated Adviser and Joint Broker)
Emma Gabriel / Harry Pardoe
Shore Capital 020 7408 4090
(Joint Broker)
Malachy McEntyre / Mark Percy / Anita Ghanekar / James Thomas
MHP Group 020 3128 8100
Reg Hoare / Katie Hunt / Charles Hirst begbies@mhpgroup.com
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