Purplebricks Group PLC Grant of Options and PDMR notification (5504J)
29 June 2017 - 5:20PM
UK Regulatory
TIDMPURP
RNS Number : 5504J
Purplebricks Group PLC
29 June 2017
29 June 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
29 June 2017 options to subscribe for an aggregate 1,400,000
ordinary shares of GBP0.01 each in the Company ("Ordinary Shares"
and the "Options") were granted to certain persons discharging
managerial responsibilities.
James Davies, Chief Financial Officer, has been granted
1,000,000 Options and Ed Hughes, UK Chief Marketing Officer, has
been granted 400,000 Options. The Options have been granted under
the Employee Share Option Plan and have an exercise price of
GBP3.05, being the closing price for the Ordinary Shares as at 2
May 2017 (being the date immediately prior to James Davies's
appointment to the board).
Other than the grant of the Options, James Davies (as a director
of the Company) and his connected persons have no beneficial
interest in the Ordinary Shares of the Company.
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 Davies
2. Ed Hughes
--- ------------------ ------------------------------------
2 Reason for the notification
--- --------------------------------------------------------
a) Position/status 1. Chief Financial Officer
2. UK Chief Marketing Officer
--- ------------------ ------------------------------------
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 2138003JWQLI3386BB56
--- ------------------ ------------------------------------
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,
type of
instrument
ISIN: GB00BYV2MV74
Identification
code
--- ------------------ ------------------------------------
b) Nature of Grant of options
the transaction
--- ------------------ ------------------------------------
c) Price(s) Exercise No. of
and volume(s) Price shares
------------ -------------
1. GBP3.05 1. 1,000,000
2. GBP3.05 2. 400,000
------------ -------------
--- ------------------ ------------------------------------
d) Aggregated
information
- Aggregated Volume: 1,400,000
volume
- Price Weighted average price: GBP3.05
--- ------------------ ------------------------------------
e) Date of 29 June 2017
the transaction
--- ------------------ ------------------------------------
f) Place of London Stock Exchange, AIM
the transaction
--- ------------------ ------------------------------------
For further information, please contact:
Purplebricks +44 (0) 20 7457 2020
Michael Bruce, Chief Executive
James Davies, Chief Financial Officer
Zeus Capital - Nominated Adviser +44 (0) 20 3829 5000
Nicholas How (Corporate Finance)
Pippa Underwood (Corporate Finance)
Ben Robertson (Corporate Broking)
Investec - Joint Broker +44 (0) 20 7597 5970
Keith Anderson
Carlton Nelson
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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