Driver Group PLC, a global specialist dispute avoidance and dispute resolution consultancy, has announced the exercise of share options by two of its PDMRs. Mr. Paul Battrick, Regional Managing Director International, and Mr. Peter Banathy, Regional Director, have each exercised options over 89,000 ordinary shares. To satisfy the exercise of these options, 178,000 existing ordinary shares were transferred from treasury. As a result, the total number of ordinary shares carrying voting rights in Driver is 53,058,822.
The exercise of options was priced at 24p per share and took place on May 8th, 2024, at the London Stock Exchange. The company's shareholders can use the total number of ordinary shares carrying voting rights as the denominator for the calculation to determine whether they are required to notify their interest in the share capital of the company under the Disclosure Guidance and Transparency Rules.
For further details of the transactions, including the Notification of Dealing Forms, the company has provided contact information for inquiries. This includes details of the persons discharging managerial responsibilities, the nature of the transactions, and the place and date of the transactions. The company has also provided the LEI (Legal Entity Identifier) for identification purposes.
This announcement provides transparency regarding the exercise of share options by key personnel within Driver Group PLC, offering insight into the company's internal dealings and the resulting impact on its total voting rights.