Source - LSE Regulatory
RNS Number : 4994B
Tribal Group PLC
07 June 2019
 

7 June 2019

 

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 7 June 2019 the Company granted 2,600,000 options ("Options") over ordinary shares of 5 pence each in the Company ("Ordinary Shares"). The Options, representing approximately 1.3% of the Company's issued shares, were granted to its senior management including certain Persons Discharging Management Responsibility ("PDMR") under the terms of the Company's 2010 Long Term Incentive Plan.

All of the Options are exercisable at 71.0p per Ordinary Share.  The Options may not be exercised before 7 June 2022.

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

i.             Barbara Staruk

ii.            Chloe Payne

iii.           Janet Tomlinson

iv.           Jon Baldwin

v.            Ken Lewis

vi.           Mark Wilson

vii.          Mike Beech

viii.         Paul Simpson

ix.           Peter Croft

2.

Reason for the notification

(a)

Position/status

i.     Senior Management Position

ii.    Senior Management Position

iii.   Senior Management Position

iv.   Senior Management Position

v.    Senior Management Position

vi.   Senior Management Position

vii.  Senior Management Position

viii. Senior Management Position

ix.  Senior Management Position

(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

Options over Ordinary shares of £0.05 each

(b)

Identification code of the Financial Instrument

GB0030181522

(c)

Nature of the transaction

Issue of Options

 

(d)

Price(s) and volume(s)

Price(s)

Volume(s)



i.             n/a

ii.            n/a

iii.           n/a

iv.           n/a

v.            n/a

vi.           n/a

vii.          n/a

viii.         n/a

ix.           n/a

i.      300,000

ii.     200,000

iii.    400,000

iv.    300,000

v.     200,000

vi.    400,000

vii.   200,000

viii.  300,000

ix.    300,000

(e)

Aggregated information

-               Aggregated volume

-               Price

 

2,600,000 shares

n/a

(f)

Date of the transaction

7 June 2019

(g)

Place of the transaction

Outside a trading venue

  

Enquiries:

Tribal Group plc                                           Tel: 0117 313 6371

Richard Last, Executive Chairman

Mark Pickett, Chief Executive Officer 

 

Investec Bank plc                                             Tel: 020 7597 5970

Sara Hale

Andrew Pinder

William Godfrey

Neil Coleman

 

N+1 Singer Advisory LLP                               Tel: 0207 496 3000

Shaun Dobson

 

Tulchan Communications LLP                     Tel: 0207 353 4200

James Macey White

David Ison

 

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 experienceWorking 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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