Source - LSE Regulatory
RNS Number : 7731M
Tribal Group PLC
18 September 2019
 

18th September 2019

Tribal Group plc

("Tribal" or "the Group")

Tribal Group announces new senior appointment

MIKE COPE JOINS FROM UNIVERSITY COLLEGE LONDON AS CHIEF TECHNOLOGY OFFICER

 

Tribal (AIM: TRB), a leading provider of software and services to the international education market, is pleased to announce the appointment of Mike Cope as Chief Technology Officer, with effect from 16th September 2019.

Mike, formerly Chief Information Officer at University College London (UCL), already has nine years' experience working with Tribal's software and services at the University. During his time at UCL, Mike was instrumental in delivering a major change programme to support the strategy. He developed a digital masterplan which transformed the IT organisation. He is also an experienced Board level leader, with success in leading operational businesses during periods of growth.

Prior to this, Mike has been Chief Information Officer at Virgin Airways and Chief Technology Officer at British Airways. In both these roles, Mike undertook significant strategic change programmes within the IT category, creating an improved customer product rating while reducing IT operation costs and the number of IT incidents and problems.

Mike, who also joins the Executive Board, will be responsible for delivering the new Tribal Edge cloud technology to customers in addition to helping develop Tribal information technology further.

Mike was granted 300,000 options ("Options") over ordinary shares of 5 pence each in the Company ("Ordinary Shares") on 16th September 2019. The Options, representing approximately 0.002% of the Company's issued shares, were granted under the terms of the Company's 2010 Long Term Incentive Plan.  All of the Options are exercisable at 61.5p per Ordinary Share and may not be exercised before 16th September 2022.

Mark Pickett, Chief Executive Officer of Tribal, commented:

"I am delighted that Mike is joining us at Tribal Group. Mike's knowledge of working with our digital software will be particularly relevant in understanding what customers need from our software and services. He brings with him a wealth of experience which will be invaluable as we drive adoption of the Tribal Edge modules."

Mike Cope commented:

"I am excited to be joining Tribal Group. It has a great customer offer and an established unique market position and client base. I look forward to working with Tribal to develop the Group's technology as it continues to grow."

 

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Mike Cope

2.

Reason for the notification

(a)

Position/status

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)



 n/a

300,000

(e)

Aggregated information

-               Aggregated volume

-               Price

 

300,000 shares

n/a

(f)

Date of the transaction

16 September 2019

(g)

Place of the transaction

Outside a trading venue

END

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

 

 

 

 

 

N+1 Singer Capital Markets Limited
Shaun Dobson

 

Tulchan Communications LLP                           

James Macey White

David Ison

Tel: 020 7496 3000

 

 

Tel:  020 7353 4200

 

Sophie Duckworth

 

 

 

 

 

 





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.

 

This Statement has been prepared for and is addressed only to our shareholders as a whole and should not be relied on by any other party or for any other purpose.  Tribal, its directors, employees, agents or advisers do not accept or assume responsibility to any other person to whom this Statement is shown or into whose hands it may come and any such responsibility or liability is expressly disclaimed.  This Statement may contain forward-looking statements.  Any forward-looking statement has been made by the directors in good faith based on the information available to them up to the time of approval of this Statement and should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying such forward-looking information.  To the extent that this Statement contains any statement dealing with any time after the date of its preparation, such statement is merely predictive and speculative as it relates to events and circumstances which are yet to occur and therefore the facts stated and views expressed may change.  Tribal undertakes no obligation to update these forward-looking statements.

 


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