14 June 2024
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 13th June 2024 the Company granted 1,766,193 nil cost options ("Options") over ordinary shares of 5 pence each in the Company ("Ordinary Shares"). The Options, representing approximately 0.1% of the Company's issued shares, were granted to Mark Pickett (Chief Executive Officer) and Diane McIntyre (Chief Financial Officer), under the terms of the Company's 2018 Long Term Incentive Plan.
The awards have been granted subject to performance conditions based on the Group's Key Performance Indicators (KPIs) over two and three years. The options will vest in equal parts over two and three years and may not be exercised before 13th June 2026 and 13th June 2027, respectively.
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||
| (a) | Name | 1) Mark Pickett 2) Diane McIntyre
| |
| 2. | Reason for the notification | ||
| (a) | Position/status | PDMR | |
| (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 £0.05 each | |
| (b) | Identification code of the Financial Instrument | GB0030181522 | |
| (c) | Nature of the transaction | Grant of options over Ordinary Shares
| |
| (d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| | | 1. Nil cost 2. Nil cost
| 1. 665,403 - 2 years; 443,602 - 3 years 2. 394,313 - 2 years; 262,875 - 3 years
|
| | | | |
| (e) | Aggregated information - Aggregated volume - Price |
1) Volume 1,109,005 Price N/A 2) Volume 657,188 Price N/A
| |
| (f) | Date of the transaction | 13th June 2024 | |
| (g) | Place of the transaction | Outside a trading venue
| |
Enquiries:
| Tribal Group plc | Tel: +44 (0) 117 311 5293 | |||
| Mark Pickett, Chief Executive Officer Diane McIntyre, Chief Financial Officer | | |||
| Investec Bank plc (NOMAD & Joint Broker) Virginia Bull, Nick Prowting, Alice King | Tel: +44 (0) 20 7597 5970
| | ||
| Singer Capital Markets Limited (Joint Broker) | Tel: +44 (0) 20 7496 3000 | | ||
| Shaun Dobson, Tom Salvesen, Alex Bond
| | | ||
| Alma Strategic Communications | Tel: +44 (0)203 405 0205 | | ||
| Caroline Forde, Hannah Campbell | | | | |
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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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