Source - LSE Regulatory
RNS Number : 5857S
Tribal Group PLC
09 July 2020
 

9th July 2020

 

Tribal Group plc

("Tribal" or the "Company")

 

PDMR Shareholding

Tribal, a leading provider of software and services to the international education management market, announces that on the 7th July 2020 the Company granted 2,358,143 nil cost options ("Options") over ordinary shares of 5 pence each in the Company ("Ordinary Shares"). The Options, representing approximately 1.1% of the Company's issued shares, were granted to its senior management including the Chief Executive Officer and certain Persons Discharging Management Responsibility ("PDMR") under the terms of the Company's 2010 Long Term Incentive Plan.

The award has been granted subject to performance conditions based on the Group's Key Performance Indicators (KPIs) over three years.  The Options will ordinarily vest in equal parts over three years and may not be exercised before 30th June 2023. 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

i.              Mark Pickett

ii.             Mark Wilson

iii.            Janet Tomlinson

iv.            Mike Cope

v.             Chloe Payne

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

(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)

Currency

GBP - British Pound

(e)

Price(s) and volume(s)

Price(s)

Volume(s)

 

 

i.              n/a

ii.             n/a

iii.            n/a

iv.            n/a
 

v.             n/a

i.      482,143

ii.     536,000

iii.    536,000

iv.    536,000

v.     268,000

(f)

Aggregated information

-               Aggregated volume

-               Price

 

2,358,143 shares

n/a

(g)

Date of the transaction

7th July 2020

(h)

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

Virginia Bull

Will Godfrey

 

 

 

 

 

 

 

N+1 Singer Capital Markets Limited
Shaun Dobson

 

 

    Tel: 020 7496 3000

 

 

 

 

 

 

 

 

 

 

 

 

 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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