22nd May 2018 17:40
22 May 2018
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 22 May 2018, under the terms of its 2018 Long Term Incentive Plan, the Company granted nil-cost options over 339,196 ordinary shares of 5 pence each in the Company ("Ordinary Shares") to Chief Executive, Ian Bowles and granted nil-cost options over 251,256 Ordinary Shares to Chief Financial Officer, Mark Pickett.
Each award has been granted subject to performance conditions based on the Group's Adjusted Operating Profit over a performance period ending 31 December 2018. Each award will, ordinarily, vest on the third anniversary of the grant.
In total, awards have been granted over 590,452 Ordinary Shares representing approximately 0.30% of the Company's issued share capital on this date.
Name | Title | Number of Ordinary Shares over which award granted | Exercise price |
Ian Bowles | Chief Executive | 339,196 | Nil cost |
Mark Pickett | Chief Financial Officer | 251,256 | Nil cost |
1. | Details of PDMR / person closely associated ("PCA") | |||||
a) | Name | i. Ian Bowles ii. Mark Pickett | ||||
2. | Reason for the notification | |||||
a) | Position / status | i. Chief Executive ii. Chief Financial 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 instrument, type of instrument | Options over ordinary shares of £0.05 each | ||||
b) | Identification code | GB0030181522 | ||||
c) | Nature of the transaction | Grant of options over Ordinary Shares | ||||
d) | Price(s) and volume(s) |
| ||||
e) | Aggregated information - Volume - Price |
590,452 N/A | ||||
f) | Date of the transaction | 22 May 2018 | ||||
g) | Place of the transaction | Outside a trading venue | ||||
- Ends -
For further information please contact:
Tribal Group plc Tel: 0330 016 4000
Roger McDowell
Chairman, Remuneration Committee
Email: [email protected]
Web: www.tribalgroup.com
Investec Bank plc Tel: 020 7597 5970
Sara Hale
Andrew Pinder
William Godfrey
N+1 Singer Advisory LLP Tel: 0207 496 3000
Shaun Dobson
Alex Price
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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