BEGBIES TRAYNOR GROUP PLC

Remuneration Information • Feb 29, 2024

National Storage Mechanism | Additional information

RNS Number : 0018F

Begbies Traynor Group PLC

29 February 2024

29 February 2024

Begbies Traynor Group plc

Grant of Share Options and Notification of Transactions of persons discharging managerial responsibilities ("PDMRs")

Begbies Traynor Group plc ("the Company"), announces that the board has made a grant of nominal value share options over 1,325,000 ordinary shares of 5 pence each in the Company ("Options") pursuant to the Company's Share Option Scheme 2022. The awards vest after four years conditional on meeting financial performance measures and are conditional on the option holder remaining with the Company during the performance period.  Following the exercise of the Options there is an additional two-year holding period for the shares. 

The allocation includes awards to two of the Company's executive directors who are classified as PDMRs, Mark Fry and Nick Taylor, who have each been granted 450,000 Options with the following performance conditions: One third of these Options will vest in the event that the level of total shareholder return over the four year performance period equals or exceeds the median position of the FTSE AIM All Share Index over the same period.  The remaining two thirds of these Options will be assessed with reference to compound annual growth in adjusted diluted earnings per share ("EPS Growth") when measured over the same four-year performance period, with one third of the award vesting if 5% EPS Growth is achieved and the balance of the award vesting proportionately between 5-15% EPS Growth.

The remaining Options over 425,000 ordinary shares have been granted to senior Company employees and these have the same stretching financial performance measures.

This award of Options follows the grant of similar nominal value share options over 4,915,000 ordinary shares of 5 pence each in the Company which were granted to members of the Company's business recovery and financial advisory partner group in October 2023 ("Partner Options").

If all of the Options, together with all of the Partner Options were exercised in full, this would represent approximately 3.92% of the Company's issued share capital.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.   Mark Fry 2.   Nick Taylor
2	Reason for the notification
a)	Position/status	1.   Executive director and PDMR, Head of Business Recovery and Advisory 2.   Executive director and PDMR, Group Finance Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Begbies Traynor Group plc
b)	LEI	21380075TB4ROF7KWK30
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	Ordinary Shares of 5 pence each
b)	Nature of the transaction	Grant of share options under the Group's Share Option Scheme 2022
c)	Price(s) and volume(s)	Price(s)	Volume(s)
1.   0.05p per Ordinary share 2.   0.05p per Ordinary share	1.   450,000 2.   450,000
d)	Aggregated information - Aggregated volume - Price	N/A (Single transaction)
e)	Date of the transaction	1.   28 February 2024 2.   28 February 2024
f)	Place of the transaction	Grant of options occurred outside a trading venue

Enquiries please contact:

Begbies Traynor Group plc                                                                  0161 837 1700

Ric Traynor - Executive Chairman

Nick Taylor - Group Finance Director

Canaccord Genuity Limited                                                                  020 7523 8350

(Nominated Adviser and Joint Broker)

Emma Gabriel / Harry Pardoe

Shore Capital (Joint Broker)                                                                 020 7408 4090

Malachy McEntyre / Mark Percy / Anita Ghanekar / James Thomas

MHP                                                                                                     020 3128 8100

Reg Hoare / Katie Hunt / Charles Hirst                                    begbies@mhpgroup.com 

Information on Begbies Traynor Group can be accessed via the group's website at

www.ir.begbies-traynorgroup.com

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