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LONDON - Tribal Group plc (AIM:TRB), a provider of software and services to the international education management market, granted 750,000 nil cost options over ordinary shares to three executives under its 2022 Long Term Incentive Plan, according to a company statement on Tuesday.
The options represent approximately 0.35% of the company’s issued shares and were allocated equally among three Persons Discharging Management Responsibility (PDMRs): Adam Fox, Tawfiq Sleett, and Chloe Payne, with each receiving 250,000 options.
The awards are subject to performance conditions based on the company’s Key Performance Indicators over three years. The options will vest in equal parts over a three-year period and cannot be exercised before October 21, 2028.
The nil cost options were granted over ordinary shares of 5p each in the company. The transaction took place outside a trading venue, as noted in the regulatory filing.
Tribal Group describes itself as a provider of education software and services, including student information systems, education quality assurance services, and student surveys. The company operates in over 55 countries, serving higher education, further education, schools, government bodies, training providers, and employers.
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