Source - LSE Regulatory
RNS Number : 9842H
Tribal Group PLC
11 April 2022
 

11 April 2022

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 11 April 2022, under the terms of its 2018 Long Term Incentive Plan, the Company granted nil-cost options over 317,647 ordinary shares of 5 pence each in the Company ("ordinary shares") to Chief Executive Officer, Mark Pickett, and granted nil-cost options over 235,294 ordinary shares of 5 pence each in the Company ("ordinary shares") to Chief Finance Officer, Diane McIntyre. The options represent 0.26% of the Company's issued shares.

The awards have 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 10th April 2025.

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

1)    Mark Pickett

2)    Diane McIntyre

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

Options over Ordinary shares of £0.05 each

(b)

Identification code of the Financial Instrument

GB0030181522

(c)

Nature of the transaction

Grant of options over Ordinary shares

 

(d)

Price(s) and volume(s)

Price(s)

Volume(s)

 

 

1.  Nil cost

2.  Nil cost

 

1.  317,647

2.  235,294

 

 

 

(e)

Aggregated information

-           Aggregated volume

-           Price

 

1)    Volume 317,647  Price N/A

2)    Volume 235,294  Price N/A

 

(f)

Date of the transaction

11 April 2022

(g)

Place of the transaction

Outside a trading venue

 

 

 Enquiries:

Tribal Group plc 

  Tel: +44 (0) 117 311 5293 

Mark Pickett, Chief Executive Officer 

Diane McIntyre, Chief Financial Officer & Company Secretary

  

  

  

Investec Bank plc (NOMAD & Joint Broker) 

Tel: +44 (0) 20 7597 5970 

Sara Hale, Virginia Bull, Will Godfrey  

  

  

  

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, Hannah Campbell  

 

 

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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