Purplebricks Group PLC Exercise of options and PDMR notification (1217K)
17 September 2016 - 1:45AM
UK Regulatory
TIDMPURP
RNS Number : 1217K
Purplebricks Group PLC
16 September 2016
16 September 2016
Purplebricks Group plc
("Purplebricks" or the "Company")
Exercise of options
And
PDMR notification
Purplebricks Group plc (AIM: PURP), the hybrid estate agent
providing a new way to buy, sell or let property, announces that
options to subscribe for 132,634 ordinary shares of GBP0.01 each in
the Company ("Ordinary Shares" and the "Options") have today been
exercised by certain employees. These options were granted prior to
the Company's IPO and have an exercise price of GBP0.01 per
Ordinary Share.
Joby Russell, Chief Marketing Officer, and Richard Jacques,
Lettings Director, who are both considered to be persons
discharging managerial responsibilities, have respectively
exercised 9,474 and 14,888 options over Ordinary Shares.
Pursuant to the exercise of the Options, an application has been
made to the London Stock Exchange for 132,634 new Ordinary Shares
to be admitted to trading on AIM ("Admission"). It is expected that
Admission will become effective on 22 September 2016.
The Company's issued ordinary share capital following Admission
will be 245,227,483 Ordinary Shares.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
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. Joby Russell
2. Richard Jacques
--- ----------------------- ---------------------------------------
2 Reason for the notification
--- ----------------------------------------------------------------
a) Position/status 1. Chief Marketing Officer
2. Lettings Director
--- ----------------------- ---------------------------------------
b) Initial notification Initial notification
/Amendment
--- ----------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- ----------------------------------------------------------------
a) Name Purplebricks Group plc
--- ----------------------- ---------------------------------------
b) LEI (Pending)
--- ----------------------- ---------------------------------------
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 Ordinary Shares of GBP0.01 each
of the financial
instrument, ISIN: GB00BYV2MV74
type of instrument
Identification
code
--- ----------------------- ---------------------------------------
b) Nature of the Exercise of options
transaction
--- ----------------------- ---------------------------------------
c) Price(s) and Price No. of shares
volume(s) ----------------- ----------------
1. GBP0.01 1. 9,474
2. GBP0.01 2. 14,888
----------------- ----------------
--- ----------------------- ---------------------------------------
d) Aggregated N/A
information
- Aggregated
volume
- Price
--- ----------------------- ---------------------------------------
e) Date of the 16 September 2016
transaction
--- ----------------------- ---------------------------------------
f) Place of the London Stock Exchange, AIM
transaction
--- ----------------------- ---------------------------------------
For further information, please contact:
Purplebricks Group plc +44 (0) 20 7457 2020
Michael Bruce, Chief Executive
Neil Cartwright, Chief Financial Officer
Zeus Capital Limited - Nominated Adviser and Joint Broker +44
(0) 20 3829 5000
Nicholas How (Corporate Finance)
Pippa Underwood (Corporate Finance)
Ben Robertson (Corporate Broking)
Peel Hunt - Joint Broker +44 (0) 20 7418 8900
Dan Webster
Instinctif Partners +44 (0) 20 7457 2020
David Simonson
Mark Reed
George Yeomans
About Purplebricks
Purplebricks is the leading next generation estate agency in the
UK that combines highly experienced and professional Local Property
Experts and an innovative use of technology to help make the
process of selling, buying or letting so much more convenient,
transparent and cost effective. Purplebricks is transforming the
way people perceive estate agents and estate agency.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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