BEGBIES TRAYNOR GROUP PLC

Remuneration Information • Oct 31, 2017

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RNS Number : 1773V

Begbies Traynor Group PLC

31 October 2017

31 October 2017

Begbies Traynor Group plc

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

Begbies Traynor Group plc ("the Group"), announces that the board has today made a Grant of Share Options under the Group's Share Option Scheme 2013 to a number of participants classified as persons discharging managerial responsibilities ("PDMRs"). They include one of its Executive Directors, Nick Taylor, who has been granted options over 500,000 ordinary 5 pence shares in the Group ("Ordinary Shares") at an option price of 63.12 pence.  In addition to this award the Group has also granted options under the same scheme to other PDMRs including John Humphrey, the Group's Company Secretary and to certain members of the Group's Insolvency and Restructuring Board:  Ken Pattullo, Julie Palmer, Julian Pitts, Paul Stanley, David Abbott and Kirstie Provan, in each case over 200,000 Ordinary Shares at an option price of 63.12 pence.

Half of the total awards granted to each individual vest immediately but may only be exercised after 3 years providing that the individual remains with the Group. 

The other half of the total awards made to each individual only vest if certain performance hurdles are achieved and, in any event, these may only be exercised after a period of 3 years provided that the individual remains with the Group.  The performance hurdles require both an overall increase in adjusted earnings per share of 2.5% in excess of the increase in RPI over a consecutive 3 year period and the level of total shareholder return equalling or exceeding the median of the combined constituents of the FTSE AIM Financial Services and FTSE AIM Industrial Goods and Services indices over the same period. 

The options detailed above together with a number of other share option awards made to selected senior staff, if exercised in full, will represent approximately 2% of the Group's issued share capital. 

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.   Nick Taylor 2.   John Humphrey 3.   Ken Pattullo 4.   Julie Palmer 5.   Julian Pitts 6.   Paul Stanley 7.   David Abbott 8.   Kirstie Provan
2	Reason for the notification
a)	Position/status	1.   Executive director and PDMR, Group Finance Director 2.   PDMR, Company Secretary 3.   PDMR, Member of the Group's Insolvency and Restructuring Board 4.   PDMR, Member of the Group's Insolvency and Restructuring Board 5.   PDMR, Member of the Group's Insolvency and Restructuring Board 6.   PDMR, Member of the Group's Insolvency and Restructuring Board 7.   PDMR, Member of the Group's Insolvency and Restructuring Board 8.   PDMR, Member of the Group's Insolvency and Restructuring Board
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 Identification code	Ordinary Shares of 5 pence each ISIN: GB00B0305S97
b)	Nature of the transaction	Grant of share options under the Group's Share Option Scheme 2013
c)	Price(s) and volume(s)	Price(s)	Volume(s)
1.   63.12p per Ordinary share 2.   63.12p per Ordinary share 3.   63.12p per Ordinary share 4.   63.12p per Ordinary share 5.   63.12p per Ordinary share 6.   63.12p per Ordinary share 7.   63.12p per Ordinary share 8.   63.12p per Ordinary share	1.   500,000 2.   200,000 3.   200,000 4.   200,000 5.   200,000 6.   200,000 7.   200,000 8.   200,000
d)	Aggregated information - Aggregated volume - Price	N/A (Single transaction)
e)	Date of the transaction	1.   31 October 2017 2.   31 October 2017 3.   31 October 2017 4.   31 October 2017 5.   31 October 2017 6.   31 October 2017 7.   31 October 2017 8.   31 October 2017
f)	Place of the transaction	London Stock Exchange, AIM

For further information:

Begbies Traynor Group plc	0161 837 1700
John Humphrey
Canaccord Genuity Limited (Nomad & Joint Broker)	020 7523 8000
Bruce Garrow Andrew Buchanan Margarita Mitropoulou

This information is provided by RNS

The company news service from the London Stock Exchange

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