Legal Entity Identifier (LEI) No. 213800MDNBFVEQEN1G84
1 April 2025
Triad Group Plc
("Triad" or the "Company")
Vesting of Restricted Share Units
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")
The Company announces the vesting of 750,000 Restricted Share Units ("RSU") awards with respect to the ordinary shares in the capital of the Company ("Ordinary Shares"), including to persons discharging managerial responsibilities ("PDMRs"), under the Triad Employee Share Incentive Plan.
The grant of RSU awards had each been approved by shareholders at the Company's General Meeting on 25 March 2022. Each RSU that vested represents the right to receive payment of one Ordinary Share. The RSUs were conditional on the satisfaction of performance conditions, which the Board has confirmed have all been successfully met.
Accordingly, allotment of 60,000 Ordinary Shares each has been made to three Executive Directors of the Company, Adrian Leer (Managing Director), Tim Eckes (Client Services Director), and James McDonald (Finance Director and Company Secretary). Immediately upon delivery of the shares, the PDMR's holdings will be as follows:
| Director / PDMR | Number of RSUs granted in 2022 | Revised shareholding | % of issued share capital |
| Adrian Leer | 60,000 | 365,379 | 2.10% |
| Tim Eckes | 60,000 | 180,374 | 1.04% |
| James McDonald | 60,000 | 87,600 | 0.50% |
Awards granted to Executive Directors are subject to a holding period consistent with the Company's Remuneration Policy. Details of the Remuneration Policy can be found in the Annual Report and Accounts.
Admission and Total Voting Rights
Following the vesting of the RSU awards, Application has been made to the London Stock Exchange for the 750,000 new Ordinary Shares to be admitted to trading on the Official List ("Admission"). It is expected that Admission will become effective at 8.00 a.m. on or around 2 April 2025.
Following Admission, the total number of Ordinary Shares and voting rights in the Company will be 17,420,388. There are no Shares held in treasury. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rule.
The Notification of Dealing Forms for the above transactions, provided in accordance with the requirements of UK MAR, may be found below.
| 1. | Details of PDMR / person closely associated with them ("PCA") | |||||
| a) | First Name | Adrian | ||||
| b) | Last Name | Leer | ||||
| 2. | Reasons for the notification | |||||
| a) | Position / status | Managing Director | ||||
| b) | Initial notification / amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Full name of the entity | Triad Group Plc | ||||
| b) | Legal Entity Identifier code | 213800MDNBFVEQEN1G84 | ||||
| 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
Identification Code | Ordinary shares of £0.01 each in the capital of the Company
ISIN: GB0009035741 | ||||
| b) | Nature of the transaction | Vesting of RSU's - Delivery of shares | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price |
60,000 Ordinary Shares £0.01 | ||||
| e) | Date of the transaction | 31 March 2025 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1. | Details of PDMR / person closely associated with them ("PCA") | |||||
| a) | First Name | Tim | ||||
| b) | Last Name | Eckes | ||||
| 2. | Reasons for the notification | |||||
| a) | Position / status | Client Services Director | ||||
| b) | Initial notification / amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Full name of the entity | Triad Group Plc | ||||
| b) | Legal Entity Identifier code | 213800MDNBFVEQEN1G84 | ||||
| 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
Identification Code | Ordinary shares of £0.01 each in the capital of the Company
ISIN: GB0009035741 | ||||
| b) | Nature of the transaction | Vesting of RSU's - Delivery of shares | ||||
| c)
| Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
60,000 Ordinary Shares £0.01 | ||||
| e) | Date of the transaction | 31 March 2025 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1. | Details of PDMR / person closely associated with them ("PCA") | |||||
| a) | First Name | James | ||||
| b) | Last Name | McDonald | ||||
| 2. | Reasons for the notification | |||||
| a) | Position / status | Finance Director & Company Secretary | ||||
| b) | Initial notification / amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Full name of the entity | Triad Group Plc | ||||
| b) | Legal Entity Identifier code | 213800MDNBFVEQEN1G84 | ||||
| 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
Identification Code | Ordinary shares of £0.01 each in the capital of the Company
ISIN: GB0009035741 | ||||
| b) | Nature of the transaction | Vesting of RSU's - Delivery of shares | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d) | Aggregated information - Aggregated volume - Price |
60,000 Ordinary Shares £0.01 | ||||
| e) | Date of the transaction | 31 March 2025 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
For further information, please contact:
Triad Group Plc
James McDonald
Finance Director and Company Secretary
Tel: 01908 278 450
Zeus Capital Limited
Alexandra Campbell-Harris
Tel: 020 3829 5000
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