Source - LSE Regulatory
RNS Number : 7177S
Tribal Group PLC
07 November 2019
 

7 November 2019

Tribal Group plc                                                                                                                                               

("Tribal" or the "Company")


SAYE Share Scheme 2019

Tribal (AIM: TRB), a leading provider of software and services to the international education market, announces the grant of options to employees as part of its Save As You Earn ('SAYE') share scheme for 2019. The scheme is open to all UK employees, giving them the opportunity to participate in the future growth of the Company via share option arrangements.

Eligible employees were invited to subscribe for options over Ordinary Shares of 5p of the Company with an exercise price of 58.2 pence, a 10% discount to the closing average market price of the Ordinary Shares from 3 September 2019 to 5 September 2019. The options have a contract start date of 1 November 2019 and are exercisable between 1 November 2022 and 30 April 2023.

A total of 176 employees elected to participate, and pursuant to these elections a total of 1,116,879 options over Ordinary Shares were issued on 1 November 2019 equating to 0.6% of the current issued share capital.

Mark Pickett, Chief Executive Officer, is a participant in the Company's SAYE scheme and is included in the total figures above. His individual option grants pursuant to this year's SAYE scheme is 15,463 shares.

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

i.            Mark Pickett

ii.           Chloe Payne

iii.          Jon Baldwin

iv.          Mark Wilson

v.           Mike Beech

vi.          Paul Simpson

 

2.

Reason for the notification

(a)

Position/status

i.            Chief Executive Officer

ii.           Senior Management Position

iii.          Senior Management Position

iv.          Senior Management Position

v.           Senior Management Position

vi.          Senior Management Position

 

 

(b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer

(a)

Name

Tribal Group plc

(b)

LEI

2138003DLFRH7CB89Z84

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

Grant of options under the Company's Save As You Earn Plan 

(d)

Price(s) and volume(s)

Price(s)

Volume(s)



i.           58.2 pence

ii.          58.2 pence

iii.         58.2 pence

iv.         58.2 pence

v.          58.2 pence 

vi.          58.2 pence 

i.      15,463

ii.     15,463

iii.    15,463

iv.    15,463

v.     15,463

v.     15,463

 

(e)

Aggregated information

-               Aggregated volume

-               Price

 

92,778 shares

58.2 pence

(f)

Date of the transaction

1 November 2019

(g)

Place of the transaction

Outside a trading venue

  

Enquiries:

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

 


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