Source - LSE Regulatory
RNS Number : 5034V
Tribal Group PLC
14 April 2021
 

14 April 2021

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 13 April 2021 2,545,000 ordinary shares of 5 pence each in the Company were exercised under the Company LTIP Plan ("the Plan").

Following Admission, the Company's enlarged issued share capital will comprise 208,697,288 ordinary shares of 5p each, with one voting right per share. The Company does not hold any shares in treasury and therefore the total number of Ordinary Shares with voting rights in the Company is 208,697,288. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Disclosure and Transparency Rules of the UK Financial Conduct Authority.

 

75,000 ordinary shares of 5 pence each in the Company were exercised under the Company 2016 LTIP Plan as follows:

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Mike Beech

 

2.

Reason for the notification

(a)

Position/status

PMDR

(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

Ordinary shares of £0.05 each

(b)

Identification code of the Financial Instrument

GB0030181522

(c)

Nature of the transaction

1. Exercise of Options

2. Disposal of shares

 

(d)

Price(s) and volume(s)

Price(s)

Volume(s)



1.     Nil cost

2.     101.75p

1.     75,000

2.     75,000

 




(e)

Aggregated information

-           Aggregated volume

-           Price

 

1.     Volume 75,000     Price N/A

2.     Volume 75,000     Price 101.75p

 

(f)

Date of the transaction

13 April 2021

(g)

Place of the transaction

1.Outside a trading venue

2. London Stock Exchange

 

1,045,000 ordinary shares of 5 pence each in the Company were exercised under the Company 2017 LTIP Plan  as follows:

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

1.     Mike Beech

2.     Janet Tomlinson

3.     Mark Wilson

4.     Ken Lewis

5.     Chloe Payne

 

2.

Reason for the notification

(a)

Position/status

PMDR

(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

Ordinary shares of £0.05 each

(b)

Identification code of the Financial Instrument

GB0030181522

(c)

Nature of the transaction

A. Exercise of Options

B. Disposal of shares

 

(d)

Price(s) and volume(s)

Price(s)

Volume(s)



1A    80.375p

1A    80p

2A    80.375p

2A    80p

3A    80.375p

3A    80p

4A    80p

5A    80.375p

 

1B  101.75p

2B  101.75p

3B  101.75p

4B  101.75p

5B  101.75p

 

 

 

1A      37,325

1A      247,675

2A      37,325

2A      362,675

3A      37,325

3A      247,675

4A      50,000

5A      25,000

 

1B     285,000

2B     400,000

3B     285,000

4B     50,000

5B     25,000

 

 

 

 




(e)

Aggregated information

-           Aggregated volume

-           Price

Volume exercised 136,975    Price 80.375p

Volume exercised 908,025     Price 80p

Volume sold 1,045,000        Price 101.75p

(f)

Date of the transaction

13 April 2021

(g)

Place of the transaction

1.Outside a trading venue

2. London Stock Exchange

 

 

 

 

 

 

1,350,000 ordinary shares of 5 pence each in the Company were exercised under the Company 2018 LTIP Plan  as follows:

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

1.     Mike Beech

2.     Janet Tomlinson

3.     Peter Coft

4.     Ken Lewis

5.     Chloe Payne

 

2.

Reason for the notification

(a)

Position/status

PMDR

(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

Ordinary shares of £0.05 each

(b)

Identification code of the Financial Instrument

GB0030181522

(c)

Nature of the transaction

A. Exercise of Options

B. Disposal of shares

 

(d)

Price(s) and volume(s)

Price(s)

Volume(s)



1A    79.6p

2A    79.6p

3A    79.6p

4A    79.6p

5A    79.6p

 

1B  101.75p

2B  101.75p

3B  101.75p

4B  101.75p

5B  101.75p

 

 

 

1A      300,000

2A      400,000

3A      300,000

4A      50,000

5A      300,000

 

1B     300,000

2B     400,000

3B     300,000

4B     50,000

5B     300,000

 

 

 

 




(e)

Aggregated information

-           Aggregated volume

-           Price

1. Volume exercised 1,350,000    Price 79.6p

2. Volume sold 1,350,000        Price 101.75p

(f)

Date of the transaction

13 April 2021

(g)

Place of the transaction

1.Outside a trading venue

2. London Stock Exchange

 

 Enquiries:

Tribal Group plc

Tel: +44 (0) 117 311 5293

Mark Pickett, Chief Executive Officer

Paul Simpson, Acting Chief Financial Officer

Ken Lewis, Company Secretary

 


Investec Bank plc (NOMAD & Joint Broker)

Sara Hale, Virginia Bull, Will Godfrey

Tel: +44 (0) 20 7597 5970

 

 





N+1 Singer Capital Markets Limited (Joint Broker)

Tel: +44 (0) 20 7496 3000 


Shaun Dobson, Tom Salvesen, Alex Bond

 

 



Alma PR

Tel: +44 (0)203 405 0205


Caroline Forde, Robyn Fisher, Josh Royston, Molly Gretton










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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