Purplebricks Group PLC Grant of options and PDMR notification (4897T)
06 January 2017 - 6:00PM
UK Regulatory
TIDMPURP
RNS Number : 4897T
Purplebricks Group PLC
06 January 2017
Purplebricks Group plc
("Purplebricks" or the "Company")
Grant 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 on
4 January 2017 options to subscribe for 600,000 ordinary shares of
GBP0.01 each in the Company ("Ordinary Shares" and the "Options")
were granted to certain persons discharging managerial
responsibilities. The Options have been granted under the Employee
Share Option Plan and have an exercise price of GBP1.4025, being
the closing price for the Ordinary Shares as at 4 January 2017.
James Kydd, Director of Marketing, has been granted 500,000
Options and David Kavanagh, Chief Technology Officer, has been
granted 100,000 options.
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. James Kydd
2. David Kavanagh
--- ------------------ -----------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------
a) Position/status 1. Director of Marketing
2. Chief Technology Officer
--- ------------------ -----------------------------------------
b) Initial Initial notification
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 1. Grant of options
the transaction 2. Grant of options
--- ------------------ -----------------------------------------
c) Price(s) Exercise No. of
and volume(s) Price shares
------------------- -----------------
1. GBP1.4025 1. 500,000
2. GBP1.4025 2. 100,000
------------------- -----------------
--- ------------------ -----------------------------------------
d) Aggregated Volume: 600,000
information Weighted average price: GBP1.4025
- Aggregated
volume
- Price
--- ------------------ -----------------------------------------
e) Date of 4 January 2017
the transaction
--- ------------------ -----------------------------------------
f) Place of London Stock Exchange, AIM
the transaction
--- ------------------ -----------------------------------------
For further information, please contact:
Purplebricks
Michael Bruce, Chief
Executive
Neil Cartwright, Chief
Financial Officer +44 (0) 20 7457 2020
Zeus Capital - Nominated
Adviser
Nicholas How (Corporate
Finance)
Pippa Underwood (Corporate
Finance)
Ben Robertson (Corporate
Broking) +44 (0) 20 3829 5000
Investec - Joint Broker
Keith Anderson
Carlton Nelson +44 (0) 20 7597 5970
Peel Hunt - Joint Broker
Dan Webster +44 (0) 20 7418 8900
Instinctif Partners
Mark Reed
George Yeomans
David Simonson +44 (0) 20 7457 2020
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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