TIDMBEG

RNS Number : 3937N

Begbies Traynor Group PLC

22 September 2023

22 September 2023

Begbies Traynor Group plc

( "Group")

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 297,382 fully paid up ordinary 5 pence shares in the Group ("Ordinary Shares") to satisfy the exercise by staff of certain share options. Incorporated within the additional listing are Ordinary Shares which have been allotted to Mark Fry, head of business recovery and advisory, who has exercised share options over 400,000 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 273,483 Ordinary Shares to him.

Admission of these shares is expected to occur on Wednesday 27 September 2023 f ollowing which the total number of shares in issue and total voting rights will be 157,291,760.

In addition to exercising the Options Mark Fry has also sold 135,000 Ordinary Shares from his beneficial holding in the Group at a sale price of 116 pence per share to meet his taxation obligation in respect of the new share issue.

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 
     ---------------------  ---------------------------------------------- 
 b)   LEI                    21380075TB4ROF7KWK30 
     ---------------------  ---------------------------------------------- 
 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 400,000 Ordinary Shares. 
     ---------------------  ---------------------------------------------- 
 b)   Nature of the          The exercise of share options over 400,000 
       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 19 September 2023 of 116.00 
                              pence. This has resulted in the issue 
                              and allotment of 273,483 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 135,000 Ordinary Shares on 21 
                              September 2023. 
     ---------------------  ---------------------------------------------- 
 c)   Price(s) and            Price(s)       Volume(s) 
       volume(s)               36.69 pence    400,000 
                                             ---------- 
                               116 pence      135,000 
                                             ---------- 
     ---------------------  ---------------------------------------------- 
 e)   Dates of the           19 September 2023 and 21 September 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 / Harry Pardoe

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

ALSFLFFIAEIFFIV

(END) Dow Jones Newswires

September 22, 2023 06:27 ET (10:27 GMT)

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