TIDMSBIZ

RNS Number : 4679R

SimplyBiz Group PLC (The)

29 October 2019

29 October 2019

The SimplyBiz Group plc

(the "Company" or "SimplyBiz")

Director / PDMR Dealing

The SimplyBiz Group plc, the leading independent provider of compliance and business services to financial advisers and financial institutions in the UK, is pleased to announce that it has launched a new issue of its Save As You Earn ("SAYE") share scheme for all its eligible permanent employees.

Eligible employees were invited to subscribe for options over the Company's Ordinary Shares of 1 pence each ("Ordinary Shares") at an exercise price of 158.00 pence ("Options"), representing approximately a 20% discount to the closing middle market price of the Ordinary Shares on 26 September 2019, the dealing day before the invitation to participate was made. The Options have a contract start date of 1 December 2019 and the scheme will run for a period of three years.

A total of 150 employees elected to participate and pursuant to these elections, Options over a total of 375,145 Ordinary Shares have been granted, equating to 0.39% of the current issued share capital.

Gareth Hague (Group Finance Director) of the Company, elected to participate in this issue of the SAYE scheme and is included in the total figures above. His individual Option pursuant to this issue of the SAYE scheme is over 3,417 Ordinary Shares.

Following this grant, Gareth has options over a total of 117,149 Ordinary Shares.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                             Gareth Richard Hague 
     ===============================  ======================================= 
 2    Reason for the notification 
     ======================================================================== 
 a)   Position/status                  Finance Director (PDMR) 
     ===============================  ======================================= 
 b)   Initial notification/Amendment   Initial notification 
     ===============================  ======================================= 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ======================================================================== 
 a)   Name                             The SimplyBiz Group plc 
     ===============================  ======================================= 
 b)   LEI                              213800DXP1VY21GCTH04 
     ===============================  ======================================= 
 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     Ordinary Shares of GBP0.01 each 
       instrument, type of              in the capital of The SimplyBiz 
       instrument                       Group plc ("Ordinary Shares") 
 
 
                                        n/a 
       Identification Code 
     ===============================  ======================================= 
 b)   Nature of the transaction        Grant of an option to acquire Ordinary 
                                        Shares at an option exercise price 
                                        of GBP1.58 per Ordinary Share made 
                                        pursuant to The SimplyBiz Group 
                                        plc Company SAYE share scheme. 
     ===============================  ======================================= 
 c)   Price(s) and volume(s)           Price(s) 158p 
                                        Volume(s) 3,417 
     ===============================  ======================================= 
 d)   Aggregated information           N/a - single transaction 
     ===============================  ======================================= 
 e)   Date of transaction              23 October 2019 
     ===============================  ======================================= 
 f)   Place of transaction             Outside a trading venue 
     ===============================  =======================================

For further information please contact:

 
 The SimplyBiz Group plc via Instinctif Partners 
 
  Matt Timmins (Joint Chief Executive Officer) 
  Neil Stevens (Joint Chief Executive Officer) 
 
 
  Zeus Capital (Nominated Adviser and Joint Broker) +44 
  (0) 20 3829 5000 
 
  Martin Green 
  Andrew Jones 
  Pippa Hamnett 
 
 
  Peel Hunt (Joint Broker) +44 (0) 20 7418 8900 
  Guy Wiehahn 
  Andrew Buchanan 
  Rishi Shah 
 
 
  Instinctif Partners +44 (0) 20 7457 2020 
  SimplyBiz@instinctif.com 
  Catherine Wickman 
  Katie Bairsto

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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October 29, 2019 06:13 ET (10:13 GMT)

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