TIDMTRB

RNS Number : 0979C

Tribal Group PLC

05 February 2020

05 February 2020

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 the 4 February 2020 Mark Pickett, Chief Executive Officer of Tribal, exercised options over 1,223,241 ordinary shares of 5 pence each in the Company ("ordinary shares") under the Long Term Incentive Plan ("the Plan") and sold 530,000 shares to cover tax related obligations. Following the transactions Mark Pickett has a beneficial interest in 693,241 ordinary shares, including those held by his wife.

On 4 February 2020 Nigel Halkes, Non-Executive Director of Tribal, purchased 14,285 ordinary shares of 5 pence each in the Company and has a beneficial interest in 14,285 ordinary shares.

Following Admission, the Company's enlarged issued share capital will comprise 204,209,023 ordinary shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

 
 1.    Details of the person discharging managerial 
        responsibilities/person closely associated 
 (a)   Name                       Mark Pickett 
      -------------------------  ------------------------------------------- 
 2.    Reason for the notification 
      ---------------------------------------------------------------------- 
 (a)   Position/status            Chief Executive Officer 
      -------------------------  ------------------------------------------- 
 (b)   Initial notification/      Initial notification 
        Amendment 
      -------------------------  ------------------------------------------- 
 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             Ordinary shares of GBP0.05 
        the Financial              each 
        Instrument 
      -------------------------  ------------------------------------------- 
 (b)   Identification             GB0030181522 
        code of the Financial 
        Instrument 
      -------------------------  ------------------------------------------- 
 (c)   Nature of the              1. Exercise of Options 
        transaction                2. Disposal of shares 
      -------------------------  ------------------------------------------- 
 (d)   Price(s) and               Price(s)              Volume(s) 
        volume(s) 
                                 --------------------  --------------------- 
                                       1. Nil cost           1. 1,223,241 
                                        2. GBP0.70            2. 530,000 
                                 --------------------  --------------------- 
 
 (e)   Aggregated information 
         *    Aggregated volume          1. Volume: 1,223,241 Price: 
                                         N/A 
                                         2. Volume: 530,000 Price: GBP0.70 
        - Price 
      -------------------------  ------------------------------------------- 
 (f)   Date of the transaction    4 February 2020 
      -------------------------  ------------------------------------------- 
 (g)   Place of the                    1. Outside a trading venue 
        transaction                     2. London Stock Exchange 
      -------------------------  ------------------------------------------- 
 
 
 1.     Details of the person discharging managerial 
         responsibilities/person closely associated 
 (a)    Name                           Nigel Halkes 
       -----------------------------  ------------------------------ 
 2.     Reason for the notification 
       ------------------------------------------------------------- 
 (a)    Position/status                Non-Executive Director 
       -----------------------------  ------------------------------ 
 (b)    Initial notification/          Initial notification 
         Amendment 
       -----------------------------  ------------------------------ 
 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                    Ordinary shares of GBP0.05 
         of the Financial               each 
         Instrument 
       -----------------------------  ------------------------------ 
 (b)    Identification                 GB0030181522 
         code of the 
         Financial Instrument 
       -----------------------------  ------------------------------ 
 (c)    Nature of the                  Purchase of shares 
         transaction 
       -----------------------------  ------------------------------ 
 (d)    Price(s) and                   Price(s)        Volume(s) 
         volume(s) 
                                      --------------  -------------- 
   GBP0.70                                             14,285 
  --------------------------------------------------  -------------- 
 
 (e)    Aggregated 
         information                     14,285 
          *    Aggregated volume         GBP0.70 
 
 
         - Price 
       -----------------------------  ------------------------------ 
 (f)    Date of the                    4 February 2020 
         transaction 
       -----------------------------  ------------------------------ 
 (g)    Place of the                   London Stock Exchange 
         transaction 
       -----------------------------  ------------------------------ 
 

Enquiries:

 
Tribal Group plc                                 Tel: 0117 311 5293 
Mark Pickett, Chief Executive Officer 
 Paul Simpson, Acting Chief Financial Officer 
 
Investec Bank plc                              Tel: 020 7597 5970 
Sara Hale 
 Andrew Pinder 
 Will Godfrey 
 Neil Coleman 
 Virginia Bull 
 
N+1 Singer Capital Markets Limited             Tel: 020 7496 3000 
 Shaun Dobson 
 Tom Salveson 
 Alex Bond                                     Tel: 020 7353 4200 
 
 Tulchan Communications LLP 
 James Macey White 
 Matt Low 
 Sophie Duckworth 
 
 
 

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.

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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February 05, 2020 09:50 ET (14:50 GMT)

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