RNS Number : 7177S

Tribal Group PLC

07 November 2019

7 November 2019

Tribal Group plc

("Tribal" or the "Company")

SAYE Share Scheme 2019

Tribal (AIM: TRB), a leading provider of software and services to the international education market, announces the grant of options to employees as part of its Save As You Earn ('SAYE') share scheme for 2019. The scheme is open to all UK employees, giving them the opportunity to participate in the future growth of the Company via share option arrangements.

Eligible employees were invited to subscribe for options over Ordinary Shares of 5p of the Company with an exercise price of 58.2 pence, a 10% discount to the closing average market price of the Ordinary Shares from 3 September 2019 to 5 September 2019. The options have a contract start date of 1 November 2019 and are exercisable between 1 November 2022 and 30 April 2023.

A total of 176 employees elected to participate, and pursuant to these elections a total of 1,116,879 options over Ordinary Shares were issued on 1 November 2019 equating to 0.6% of the current issued share capital.

Mark Pickett, Chief Executive Officer, is a participant in the Company's SAYE scheme and is included in the total figures above. His individual option grants pursuant to this year's SAYE scheme is 15,463 shares.

1.   Details of the person discharging managerial responsibilities/person 
      closely associated 
(a)  Name                                      i. Mark Pickett 
                                                ii. Chloe Payne 
                                                iii. Jon Baldwin 
                                                iv. Mark Wilson 
                                                v. Mike Beech 
                                                vi. Paul Simpson 
2.   Reason for the notification 
(a)  Position/status                           i. Chief Executive Officer 
                                                ii. Senior Management Position 
                                                iii. Senior Management Position 
                                                iv. Senior Management Position 
                                                v. Senior Management Position 
                                                vi. Senior Management Position 
(b)  Initial notification/ Amendment           Initial notification 
3.   Details of the issuer 
(a)  Name                                      Tribal Group plc 
(b)  LEI                                       2138003DLFRH7CB89Z84 
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   Ordinary shares of GBP0.05 
(b)  Identification code of the Financial      GB0030181522 
(c)  Nature of the transaction                 Grant of options under the 
                                                Company's Save As You Earn 
(d)  Price(s) and volume(s)                    Price(s)             Volume(s) 
                                               i. 58.2 pence        i. 15,463 
                                                ii. 58.2 pence       ii. 15,463 
                                                iii. 58.2 pence      iii. 15,463 
                                                iv. 58.2 pence       iv. 15,463 
                                                v. 58.2 pence        v. 15,463 
                                                vi. 58.2 pence       v. 15,463 
(e)  Aggregated information 
      - Aggregated volume                        92,778 shares 
      - Price                                    58.2 pence 
(f)  Date of the transaction                   1 November 2019 
(g)  Place of the transaction                  Outside a trading venue 
Enquiries:Tribal Group plc                                 Tel: 0117 311 5293 
 Mark Pickett, Chief Executive Officer 
  Paul Simpson, Acting Chief Financial Officer 
 Investec Bank plc                              Tel: 020 7597 5970 
 Sara Hale 
  Andrew Pinder 
  Will Godfrey 
  Neil Coleman 
 N+1 Singer Capital Markets Limited             Tel: 020 7496 3000 
  Shaun Dobson 
  Tulchan Communications LLP                     Tel: 020 7353 4200 
  James Macey White 
  David Ison 
 Sophie Duckworth 
 About Tribal Group plc 
 Tribal Group plc is a pioneering world-leader of education software and services. Its portfolio 
 includes Student Information Systems; a broad range of education services covering quality 
 assurance, peer review, benchmarking and improvement; and student surveys that provide the 
 leading global benchmarks for student experience. Working with Higher Education, Further and 
 Tertiary Education, schools, Government and State bodies, training providers and employers, 
 in over 55 countries; Tribal Group's mission is to empower the world of education with products 
 and services that underpin student success 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.



(END) Dow Jones Newswires

November 07, 2019 13:29 ET (18:29 GMT)