Business
Additional Allotment and New Issue including PDMR
Additional Allotment and New Issue including PDMR.
About this update from Btg Consulting Plc
[{"type":"text","content":"\n\n22 September 2023\n \nBegbies Traynor Group plc\n \n(\"Group\")\n \n \nAdditional Allotment and New Issue including director/PDMR shareholder\n \nBegbies Traynor Group plc, announces that it has today applied to the AIM market of the London Stock Exchange for an additional listing of 297,382 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 Mark Fry, head of business recovery and advisory, who has exercised share options over 400,000 Ordinary Shares at an exercise price of 36.69 pence (\"Options\"). Settling the Options net of the relevant option price has resulted in the additional issue and allotment of 273,483 Ordinary Shares to him.\n \nAdmission of these shares is expected to occur on Wednesday 27 September 2023 following which the total number of shares in issue and total voting rights will be 157,291,760.\n \nIn addition to exercising the Options Mark Fry has also sold 135,000 Ordinary Shares from his beneficial holding in the Group at a sale price of 116 pence per share to meet his taxation obligation in respect of the new share issue.\n \nNotification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.\n \n\n\n\n1.\n\n\nDetails of PDMR / person closely associated with them (\"PCA\")\n\n\n\n\na)\n\n\nName\n\n\nMark Fry\n\n\n\n\n2.\n\n\nReason for the notification\n\n\n\n\na)\n\n\nPosition / status\n\n\nHead of Business Recovery and Advisory\n\n\n\n\nb)\n\n\nInitial notification / amendment\n\n\nInitial Notification\n\n\n\n\n3.\n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\n\na)\n\n\nName\n\n\nBegbies Traynor Group plc\n\n\n\n\nb)\n\n\nLEI\n\n\n21380075TB4ROF7KWK30\n\n\n\n\n4.\n\n\nDetails 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\n\n\n\n\na)\n\n\nDescription of the financial instrument\n\n\nOrdinary Shares at 5 pence each and share options granted at option prices of 36.69 pence over 400,000 Ordinar...