Business
Grant of Options
Grant of Options.
About this update from Tribal Group Plc
[{"type":"text","content":"\n \nRNS Number : 4992B Tribal Group PLC 07 June 2019 \n\n7 June 2019\nTribal Group plc\n(\"Tribal\", the \"Company\" or the \"Group\")\nGrant of Options\n \nTribal (AIM: TRB), a leading provider of software and services to the international education management market, announces that on the 7 June 2019, under the terms of its 2018 Long Term Incentive Plan, the Company granted nil-cost options over 760,563 ordinary shares of 5 pence each in the Company (\"Ordinary Shares\") to Chief Executive Officer, Mark Pickett.\n \nThe award has been granted subject to performance conditions based on the Group's Adjusted Operating Profit over a performance period ending 31 December 2019 and will, ordinarily, vest on the third anniversary of the grant.\n \nIn total, the award represents approximately 0.39% of the Company's issued share capital on this date.\n \n\n\n\nName\n\n\nTitle\n\n\nNumber of Ordinary Shares over which award granted\n\n\nExercise price\n\n\n\n\nMark Pickett\n\n\nChief Executive Officer\n\n\n760,563\n\n\nNil cost\n\n\n\n \n \n\n\n\n1.\n\n\nDetails of PDMR / person closely associated (\"PCA\")\n\n\n\n\na)\n\n\nName\n\n\ni. Mark Pickett\n\n\n\n\n2.\n\n\nReason for the notification\n\n\n\n\na)\n\n\nPosition / status\n\n\ni. Chief Executive Officer\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\n\n\n\n\na)\n\n\nName\n\n\nTribal Group plc\n\n\n\n\nb)\n\n\nLEI\n\n\n2138003DLFRH7CB89Z84\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, type of instrument\n\n\nOptions over ordinary shares of £0.05 each\n\n\n\n\nb)\n\n\nIdentification code\n\n\nGB0030181522\n\n\n\n\nc)\n\n\nNature of the transaction\n\n\nGrant of options over Ordinary Shares\n\n\n\n\nd)\n\n\nPrice(s) and\nvolume(s)\n\n\n\n\n\nPrice(s)\n\n\nVolume(s)\n\n\n\n\ni. Nil cost\n\n\ni. 760,563\...