TIDMTRB

RNS Number : 5857S

Tribal Group PLC

09 July 2020

9(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 7(th) July 2020 the Company granted 2,358,143 nil cost options ("Options") over ordinary shares of 5 pence each in the Company ("Ordinary Shares"). The Options, representing approximately 1.1% of the Company's issued shares, were granted to its senior management including the Chief Executive Officer and certain Persons Discharging Management Responsibility ("PDMR") under the terms of the Company's 2010 Long Term Incentive Plan.

The award has been granted subject to performance conditions based on the Group's Key Performance Indicators (KPIs) over three years. The Options will ordinarily vest in equal parts over three years and may not be exercised before 30(th) June 2023.

 
1.   Details of the person discharging managerial responsibilities/person 
      closely associated 
(a)  Name                                          i. Mark Pickett 
                                                    ii. Mark Wilson 
                                                    iii. Janet Tomlinson 
                                                    iv. Mike Cope 
                                                    v. Chloe Payne 
2.   Reason for the notification 
(a)  Position/status                               i. Chief Executive Officer 
                                                    ii. Senior Management Position 
                                                    iii. Senior Management Position 
                                                    iv. Senior Management Position 
                                                    v. 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. 482,143 
                                                     ii. n/a            ii. 536,000 
                                                     iii. n/a           iii. 536,000 
                                                     iv. n/a            iv. 536,000 
                                                                        v. 268,000 
                                                     v. n/a 
(f)  Aggregated information 
      - Aggregated volume                       2,358,143 shares 
      - Price                                   n/a 
(g)  Date of the transaction                  7(th) 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.

END

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(END) Dow Jones Newswires

July 09, 2020 10:26 ET (14:26 GMT)

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