TIDMBEG

RNS Number : 6672G

Begbies Traynor Group PLC

20 July 2023

20 July 2023

Begbies Traynor Group plc

( "Group")

Additional Allotment and New Issue including director/PDMR shareholder

Mark Fry, head of business recovery and advisory at Begbies Traynor Group plc, has exercised share options over 600,000 ordinary 5 pence shares in the Group ("Ordinary Shares") at an exercise price of 36.69 pence ("Options"). Settling the Options net of the relevant option price has resulted in the additional issue and allotment of 433,228 Ordinary Shares. Admission of these shares to trading on the AIM market of the London Stock Exchange is expected to occur on Tuesday 25 July 2023 f ollowing which the total number of shares in issue and total voting rights will be 155,294,158.

In addition to exercising the Options Mark Fry has also sold 250,000 Ordinary Shares from his beneficial holding in the Group at a sale price of 132 pence per share to meet his taxation obligation in respect of the issue of the new issue of Ordinary Shares.

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                   Mark Fry 
     ---------------------  ---------------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position / status      Head of Business Recovery and Advisory 
     ---------------------  ---------------------------------------------- 
 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 at 5 pence each and share 
       of the financial       options granted at option prices of 36.69 
       instrument             pence over 600,000 Ordinary Shares. 
     ---------------------  ---------------------------------------------- 
 b)   Nature of the          The exercise of share options over 600,000 
       transactions           Ordinary Shares at an exercise price 
                              of 36.69 pence. The Options have been 
                              exercised net of the relevant option 
                              prices, in each case using the closing 
                              share price on 18 July 2023 of 132.00 
                              pence. This has resulted in the issue 
                              and allotment of 433,228 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. 
                              Sale of 250,000 Ordinary Shares. 
     ---------------------  ---------------------------------------------- 
 c)   Price(s) and            Price(s)       Volume(s) 
       volume(s)               36.69 pence    600,000 
                                             ---------- 
                               132 pence      250,000 
                                             ---------- 
     ---------------------  ---------------------------------------------- 
 e)   Date of the            19 July 2023 
       transaction 
     ---------------------  ---------------------------------------------- 
 f)   Place of the           London Stock Exchange (AIM) 
       transaction 
     ---------------------  ----------------------------------------------

Enquiries please contact:

   Begbies Traynor Group plc                                                             0161 837 1700

John Humphrey - 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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July 20, 2023 05:15 ET (09:15 GMT)

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