21 January 2022
Begbies Traynor Group plc
("Group" or "Company")
Additional Allotment and New Issue including director/PDMR shareholder
Nick Taylor, Group Finance Director at Begbies Traynor Group plc, has exercised share options over 310,000 ordinary 5 pence shares in the Group ("Ordinary Shares"). Of the total aggregate amount of share options which have been exercised, 250,000 have been exercised at an exercise price of 51 pence and 60,000 exercised at an exercise price of 63.12p (together "the Options"). Settling the Options net of the relevant option price has resulted in the additional issue and allotment of 185,097 Ordinary Shares. Admission of these shares to trading on the AIM market of the London Stock Exchange is expected to occur on 27 January 2022 following which the total number of shares in issue and total voting rights will be 153,194,932.
In addition to exercising the Options Nick Taylor has also sold 141,240 Ordinary Shares from his existing beneficial holding in the Group at a sale price of 130 pence.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
| 1. | Details of PDMR / person closely associated with them ("PCA") | |||||||||
| a) | Name | Nick Taylor | ||||||||
| 2. | Reason for the notification | |||||||||
| a) | Position / status | Group Finance Director | ||||||||
| b) | Initial notification / amendment | Initial Notification | ||||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
| a) | Name | Begbies Traynor Group plc | ||||||||
| 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 and share options granted at option prices of 51 pence over 250,000 Ordinary Shares and 63.12 pence over 60,000 Ordinary Shares. | ||||||||
| b) | Nature of the transactions | Sale of 141,240 Ordinary Shares and the exercise of share options over 250,000 Ordinary Shares at an exercise price of 51 pence and 60,000 Ordinary Shares of 63.12 pence. The Options have been exercised net of the relevant option prices, in each case using the closing share price on 20 January 2022 of 132.40 pence. This has resulted in the issue and allotment of 185,097 fully paid Ordinary Shares for which the Company has applied to AIM for listing and which upon admission will rank pari passu with the Company's other Ordinary Shares. | ||||||||
| c) | Price(s) and volume(s) |
| ||||||||
| e) | Date of the transaction | 21 January 2022 | ||||||||
| f) | Place of the transaction | London Stock Exchange (AIM) | ||||||||
Enquiries please contact:
Begbies Traynor Group plc 0161 837 1700
Ric Traynor - Executive Chairman
Nick Taylor - Group Finance Director
Canaccord Genuity Limited 020 7523 8350
(Nominated Adviser and Joint Broker)
Adam James / Patrick Dolaghan
Shore Capital 020 7408 4090
(Joint Broker)
Malachy McEntyre / Mark Percy / Anita Ghanekar / James Thomas
MHP Communications 020 3128 8572
Reg Hoare / Katie Hunt / Florence Mayo begbies@mhpc.com
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