Tribal Group PLC Grant of Options (4992B)
07 Giugno 2019 - 08:20AM
UK Regulatory
TIDMTRB
RNS Number : 4992B
Tribal Group PLC
07 June 2019
7 June 2019
Tribal Group plc
("Tribal", the "Company" or the "Group")
Grant of Options
Tribal (AIM: TRB), a leading provider of software and services
to the international education management market, announces that on
the 7 June 2019, under the terms of its 2018 Long Term Incentive
Plan, the Company granted nil-cost options over 760,563 ordinary
shares of 5 pence each in the Company ("Ordinary Shares") to Chief
Executive Officer, Mark Pickett.
The award has been granted subject to performance conditions
based on the Group's Adjusted Operating Profit over a performance
period ending 31 December 2019 and will, ordinarily, vest on the
third anniversary of the grant.
In total, the award represents approximately 0.39% of the
Company's issued share capital on this date.
Name Title Number of Ordinary Shares Exercise price
over which award granted
Mark Pickett Chief Executive 760,563 Nil cost
Officer
---------------- -------------------------- ---------------
1. Details of PDMR / person closely associated ("PCA")
a) Name i. Mark Pickett
--------------------------------- ----------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------
a) Position / status i. Chief Executive Officer
--------------------------------- ----------------------------------------
b) Initial notification / amendment Initial notification
--------------------------------- ----------------------------------------
3. Details of the issuer
---------------------------------------------------------------------------
a) Name Tribal Group plc
--------------------------------- ----------------------------------------
b) LEI 2138003DLFRH7CB89Z84
--------------------------------- ----------------------------------------
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 Options over ordinary shares of GBP0.05
instrument, type of instrument each
--------------------------------- ----------------------------------------
b) Identification code GB0030181522
--------------------------------- ----------------------------------------
c) Nature of the transaction Grant of options over Ordinary Shares
--------------------------------- ----------------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) i. Nil cost i. 760,563
----------------
--------------------------------- ----------------------------------------
e) Aggregated information
* Volume 760,563
N/A
* Price
--------------------------------- ----------------------------------------
f) Date of the transaction 7 June 2019
--------------------------------- ----------------------------------------
g) Place of the transaction Outside a trading venue
--------------------------------- ----------------------------------------
- Ends -
For further information please contact:
Tribal Group plc Tel: 0117 313 6371
Roger McDowell
Chairman, Remuneration Committee
Investec Bank plc Tel: 020 7597 5970
Sara Hale
Andrew Pinder
William Godfrey
Neil Coleman
N+1 Singer Advisory LLP Tel: 0207 496 3000
Shaun Dobson
Tulchan Communications LLP Tel: 0207 353 4200
James Macey White
David Ison
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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