Begbies Traynor Group PLC Additional Allotment and New Issue with PDMR (1685D)

TIDMBEG

RNS Number : 1685D

Begbies Traynor Group PLC

17 October 2022

Begbies Traynor Group plc

( "Group" or "Company")

Additional Allotment and New Issue together with Director/PDMR Shareholding

Begbies Traynor Group plc, announces that it has today applied to the AIM market of the London Stock Exchange for an additional listing of 68,250 fully paid up ordinary 5 pence shares in the Group ("Ordinary Shares") to satisfy the exercise by staff of certain share options. Incorporated within the additional listing are Ordinary Shares which have been allotted to Nick Taylor, Group Finance Director, who has exercised share options over 18,250 Ordinary Shares by subscription at an option price of 63.12 pence.

Admission of these shares is expected to occur on 21 October 2022 following which the total number of shares in issue and total voting rights will be 154,239,001. The Group does not hold any shares in treasury and, therefore, the above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in the Company.

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

 
 1.   Details of PDMR / person closely associated with them 
       ("PCA") 
 a)   Name                   Nick Taylor 
     ---------------------  --------------------------------------------- 
 2.   Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position / status      Group Finance Director 
     ---------------------  --------------------------------------------- 
 b)   Initial notification   17October 2022 
       / amendment 
     ---------------------  --------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                   Begbies Traynor Group plc 
     ---------------------  --------------------------------------------- 
 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            Company approved share options granted 
       of the financial       at an option price of 63.12 pence over 
       instrument             18,250 Ordinary Shares 
     ---------------------  --------------------------------------------- 
 b)   Nature of the          The exercise of options over 18,250 Ordinary 
       transactions           Shares at an exercise price of 63.12 
                              pence. The Options have been exercised 
                              by subscription and this has resulted 
                              in the issue and allotment of 18,250 
                              fully paid Ordinary Shares for which 
                              the Company has applied to AIM for listing 
                              and which upon admission will rank pari 
                              passu with the Company's other Ordinary 
                              Shares. 
     ---------------------  --------------------------------------------- 
 c)   Price(s) and            Price(s)       Volume(s) 
       volume(s)               63.12 pence    18,250 
                                             ---------- 
     ---------------------  --------------------------------------------- 
 e)   Date of the            17 October 2022 
       transaction 
     ---------------------  --------------------------------------------- 
 f)   Place of the           London Stock Exchange, AIM 
       transaction 
     ---------------------  ---------------------------------------------

Enquiries please contact:

   Begbies Traynor Group plc                                                             0161 837 1700

John Humphrey - Group Company Secretary

   Canaccord Genuity Limited                                                             020 7523 8350

(Nominated Adviser and Joint Broker)

Emma Gabriel / Patrick Dolaghan

Shore Capital 020 7408 4090

(Joint Broker)

Malachy McEntyre / Mark Percy / Anita Ghanekar / James Thomas

MHP Communications 020 3128 8572

   Reg Hoare / Katie Hunt / Pauline Guenot                         begbies@mhpc.com

Information on Begbies Traynor Group can be accessed via the Group's website at

www.begbies-traynorgroup.com/investor-relations

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END

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October 17, 2022 12:53 ET (16:53 GMT)

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