TIDMTRB

RNS Number : 1836S

Tribal Group PLC

07 July 2020

7(th) July 2020

Tribal Group plc

("Tribal" or the "Company")

PDMR Shareholding

Tribal, a leading provider of software and services to the international education management market, announces that on the 6(th) July 2020 the Company granted 1,910,000 nil cost options ("Options") over ordinary shares of 5 pence each in the Company ("Ordinary Shares"). The Options, representing approximately 0.9% of the Company's issued shares, were granted to its senior management and employees including certain Persons Discharging Management Responsibility ("PDMR") under the terms of the Company's 2010 Long Term Incentive Plan.

The Options will vest in equal parts over two years and may not be exercised before 30(th) June 2021 and 30(th) June 2022 respectively. The Options will be satisfied by the Tribal Share Ownership Trust.

 
1.   Details of the person discharging managerial responsibilities/person 
      closely associated 
(a)  Name                                          i. Mike Beech 
                                                    ii. Peter Croft 
                                                    iii. Ken Lewis 
2.   Reason for the notification 
(a)  Position/status                               i. Senior Management Position 
                                                    ii. Senior Management Position 
                                                    iii. Senior Management Position 
(b)  Initial notification/ Amendment          Initial notification 
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 the Financial Instrument  Options over Ordinary shares 
                                               of GBP0.05 each 
(b)  Identification code of the Financial     GB0030181522 
      Instrument 
(c)  Nature of the transaction                Issue of Options 
(d)  Currency                                 GBP - British Pound 
(e)  Price(s) and volume(s)                   Price(s)           Volume(s) 
                                                    i. n/a             i. 20,000 
                                                     ii. n/a            ii. 50,000 
                                                     iii. n/a           iii. 50,000 
(f)  Aggregated information 
      - Aggregated volume                       120,000 shares 
      - Price                                   n/a 
(g)  Date of the transaction                  6 July 2020 
(h)  Place of the transaction                 Outside a trading venue 
 

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 
 Virginia Bull 
 Will Godfrey 
 
N+1 Singer Capital Markets Limited             Tel: 020 7496 3000 
 Shaun Dobson 
 
 
 

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.

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July 07, 2020 02:00 ET (06:00 GMT)

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