Grant of Options

RNS Number : 9134Q

Property Franchise Group PLC (The)

15 September 2017

 

THE PROPERTY FRANCHISE GROUP PLC

(the "Company" or the "Group")

 Grant of Options

The Property Franchise Group, one of the UK's largest property franchises, announces that it has granted options over new ordinary shares in the Company to certain of its management team under the Company's new TPFG Share Option Plan.  These awards recognise each of their roles in developing and implementing the Company's strategic plans and are designed to continue to incentivise them appropriately.

The awards will be subject to the growth in the Company's basic earnings per share, excluding exceptional income/costs and share based payments ("adjusted EPS") over the 3 years to 31 December 2019. Adjusted EPS growth of 15% over the period will be required for threshold vesting of the awards, with adjusted EPS growth of 44% or higher required for all of the awards to vest. There will be a straight line sliding scale between these two points. None of the awards will vest for adjusted EPS growth below 15% over the period.

The maximum awards are stated below.

Name	Position	Number of shares subject to awards
Ellie Hall	Managing Director Martin & Co	150,000
Graham Lock	Managing Director Xperience and Whitegates	150,000
Nick Neill	Managing Director Ewemove	150,000
Kate Toland	Marketing Director	150,000
Christopher Varley	Company Secretary	5,000

Further detail is provided below in accordance with Article 19.3 of the EU Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities/person closely associated.
a)	Name:				Ellie Hall			Graham Lock
2	Reason for notification.
a)	Position/Status:				Managing Director Martin & Co.			Managing Director Xperience and Whitegates
b)	Initial Notification/Amendment:				Initial Notification			Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform,
	auctioneer or auction monitor.
a)	Name:				The Property Franchise Group PLC			The Property Franchise Group PLC
b)	LEI:				2138008J5PTJ8C77I535			2138008J5PTJ8C77I535
4	Details of transaction(s);section to berepeated 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 of the financial instrument:				Ordinary Shares of			Ordinary Shares of
					1 pence each			1 pence each
	Identification code:				ISIN: GB00BH0WFH67			ISIN: GB00BH0WFH67
b)	Nature of transaction:				Grant of nil cost options			Grant of nil cost options
					over Company's shares			over Company's shares
c)	Price(s) and volume(s)				Price(s)	Volume(s)		Price(s)	Volume(s)
					1 pence each	150,000		1 pence each	150,000
d)	Aggregatted volume:				n/a			n/a
	Price:				n/a			n/a
e)	Date of Transaction:				14 September 2017			14 September 2017
f)	Place of the Transaction				Outside a trading venue			Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated.
a)	Name:				Nick Neill			Kate Toland
2	Reason for notification.
a)	Position/Status:				Managing Director Ewemove			Marketing Director
b)	Initial Notification/Amendment:				Initial Notification			Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform,
	auctioneer or auction monitor.
a)	Name:				The Property Franchise Group PLC			The Property Franchise Group PLC
b)	LEI:				2138008J5PTJ8C77I535			2138008J5PTJ8C77I535
4	Details of transaction(s);section to berepeated 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 of the financial instrument:				Ordinary Shares of			Ordinary Shares of
					1 pence each			1 pence each
	Identification code:				ISIN: GB00BH0WFH67			ISIN: GB00BH0WFH67
b)	Nature of transaction:				Grant of nil cost options			Grant of nil cost options
					over Company's shares			over Company's shares
c)	Price(s) and volume(s)				Price(s)	Volume(s)		Price(s)	Volume(s)
					1 pence each	150,000		1 pence each	150,000
d)	Aggregatted volume:				n/a			n/a
	Price:				n/a			n/a
e)	Date of Transaction:				14 September 2017			14 September 2017
f)	Place of the Transaction				Outside a trading venue			Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated.
a)	Name:				Christopher Varley
2	Reason for notification.
a)	Position/Status:				Company Secretary
b)	Initial Notification/Amendment:				Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform,
	auctioneer or auction monitor.
a)	Name:				The Property Franchise Group PLC
b)	LEI:				2138008J5PTJ8C77I535
4	Details of transaction(s);section to berepeated 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 of the financial instrument:				Ordinary Shares of
					1 pence each
	Identification code:				ISIN: GB00BH0WFH67
b)	Nature of transaction:				Grant of nil cost options
					over Company's shares
c)	Price(s) and volume(s)				Price(s)	Volume(s)
					1 pence each	5,000
d)	Aggregated volume:				n/a
	Price:				n/a
e)	Date of Transaction:				14 September 2017
f)	Place of the Transaction				Outside a trading venue

For further information, please contact:

The Property Franchise Group PLC                      01202 292829

Ian Wilson, Chief Executive Officer

David Raggett, Chief Financial Officer

Cenkos Securities plc                                             0207 397 8925

Max Hartley(Nomad), Alex Aylen (Sales)

Bell Pottinger                                                        

David Rydell,                                                           020 3772 2500

Eve Kirmatzis                                                           07825 521527

 

END

 

 

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