TIDMBEG

RNS Number : 7234N

Begbies Traynor Group PLC

24 January 2023

24 January 2023

Begbies Traynor Group plc

( "Group" or "Company")

Additional Allotment and New Issue including director/PDMR shareholder

Begbies Traynor Group plc, announces that it has today applied to the AIM market of the London Stock Exchange for an additional listing of 148,641 fully paid up ordinary 5 pence shares in the Group ("Ordinary Shares") to satisfy the exercise by staff of certain share options.

Incorporated within this additional listing are Ordinary Shares which have been allotted to Nick Taylor, Group Finance Director, who has exercised share options over 250,000 ordinary 5 pence shares in the Group at an exercise price of 63.12p ("the Options"). Settling the Options net of the relevant option price has resulted in the additional issue and allotment of 140,720 Ordinary Shares. In addition to exercising the Options Nick Taylor has also sold an aggregate of 103,000 Ordinary Shares from his existing beneficial holding in the Group with 70,000 being sold on 23 January at 144 pence and 33,000 sold today at 144.50 pence.

Admission of these shares to trading on the AIM market of the London Stock Exchange is expected to occur on 30 January 2023 f ollowing which the total number of shares in issue and total voting rights will be 154,506,246. The Group does not hold any shares in treasury and, therefore, the above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in the Company.

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   Initial Notification 
       / amendment 
     ---------------------  ---------------------------------------------- 
 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            Ordinary Shares and share options granted 
       of the financial       at an option price 63.12 pence over 250,000 
       instrument             Ordinary Shares. 
     ---------------------  ---------------------------------------------- 
 b)   Nature of the          Sale of 103,000 Ordinary Shares and the 
       transactions           exercise of share options over 250,000 
                              Ordinary Shares at an exercise price 
                              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 2023 of 144.40 
                              pence. This has resulted in the issue 
                              and allotment of 140,720 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            Price(s)        Volume(s) 
       volume(s)               63.12 pence     140,720 
                                              ---------- 
                               144 pence       70,000 
                                              ---------- 
                               144.50 pence    33,000 
                                              ---------- 
     ---------------------  ---------------------------------------------- 
 e)   Date of the            23 and 24 January 2023 
       transaction 
     ---------------------  ---------------------------------------------- 
 f)   Place of the           London Stock Exchange (AIM) 
       transaction 
     ---------------------  ---------------------------------------------- 
 

Enquiries please contact:

   Begbies Traynor Group plc                                                             0161 837 1700 

John Humphrey - Group Company Secretary

   Canaccord Genuity Limited                                                             020 7523 8350 

(Nominated Adviser and Joint Broker)

Emma Gabriel / 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 / Pauline Guenot                                  begbies@mhpc.com 

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END

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(END) Dow Jones Newswires

January 24, 2023 08:24 ET (13:24 GMT)

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