TIDMTRB

RNS Number : 2778Q

Tribal Group PLC

16 October 2023

16 October 2023

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 16 October 2023, under the terms of its 2018 Long Term Incentive Plan, the Company granted nil-cost options over 603,508 ordinary shares of 5 pence each in the Company ("ordinary shares") to its Executive team as noted below. The options represent 0.28% of the Company's issued shares.

The awards have been granted subject to performance conditions based on the Group's Key Performance Indicators (KPIs). The Options will ordinarily vest in three years and be exercised after 16 October 2026.

 
 1.    Details of the person discharging managerial 
        responsibilities/person closely associated 
 (a)   Name                          1) Mark Pickett 
                                      2) Diane McIntyre 
                                      3) Mike Cope 
                                      4) Chloe Payne 
                                      5) Paul Davies 
                                      6) Tawfiq Sleett 
                                      7) Cheryl Watson 
      -----------------------  ------------------------------------ 
 2.    Reason for the notification 
      ------------------------------------------------------------- 
 (a)   Position/status          PDMR 
      -----------------------  ------------------------------------ 
 (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              Options over Ordinary shares 
        of the Financial         of GBP0.05 each 
        Instrument 
      -----------------------  ------------------------------------ 
 (b)   Identification           GB0030181522 
        code of the 
        Financial Instrument 
      -----------------------  ------------------------------------ 
 (c)   Nature of the            Grant of options over Ordinary 
        transaction              shares 
      -----------------------  ------------------------------------ 
 (d)   Price(s) and             Price(s)             Volume(s) 
        volume(s) 
                               -------------------  --------------- 
                                1. Nil cost          1. 240,308 
                                 2. Nil cost          2. 178,006 
                                 3. Nil cost          3. 45,186 
                                 4. Nil cost          4. 88,660 
                                 5. Nil cost          5. 17,116 
                                 6. Nil cost          6. 17,116 
                                 7. Nil cost          7. 17,116 
                               -------------------  --------------- 
 
 (e)   Aggregated 
        information                    1) Volume 240,308 Price 
        - Aggregated                   N/A 
        volume                         2) Volume 178,006 Price 
        - Price                        N/A 
                                       3) Volume 45,186 Price N/A 
                                       4) Volume 88,660 Price N/A 
                                       5) Volume 17,116 Price N/A 
                                       6) Volume 17,116 Price N/A 
                                       7) Volume 17,116 Price N/A 
      -----------------------  ------------------------------------ 
 (f)   Date of the              16 October 2023 
        transaction 
      -----------------------  ------------------------------------ 
 (g)   Place of the             Outside a trading venue 
        transaction 
      -----------------------  ------------------------------------ 
 

Enquiries:

 
  Tribal Group plc                          Tel: +44 (0) 117 311 5293 
  Mark Pickett, Chief Executive Officer 
   Diane McIntyre, Chief Financial Officer 
   & Company Secretary 
 
  Investec Bank plc (NOMAD & Joint Broker)  Tel: +44 (0) 20 7597 5970 
  Virginia Bull, Nick Prowting 
 
  Singer Capital Markets Limited (Joint     Tel: +44 (0) 20 7496 3000 
   Broker) 
  Shaun Dobson, Alex Bond 
 
  Alma PR                                   Tel: +44 (0) 203 405 0205 
  Caroline Forde, Hannah Campbell 
 

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.

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(END) Dow Jones Newswires

October 16, 2023 11:07 ET (15:07 GMT)

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