Grant of Options

RNS Number : 9904D

Property Franchise Group PLC (The)

02 July 2021

 

02 July 2021

THE PROPERTY FRANCHISE GROUP PLC

(the "Company" or the "Group")

Grant of Options

Further to its announcement on 27 April 2021 regarding the proposed issuance of additional options, the Company announces that it has granted options over 425,500 ordinary shares in the Company ("Options") to certain employees and persons discharging managerial responsibilities ("PDMRs") under the TPFG Share Option Plan. The grants made to PDMRs are as follows:

PDMR	Position	Options granted (maximum number of shares subject to award)
Glynis Frew	Executive Director	50,000
Nick Neill	Managing Director of Hunters	46,500

These nil cost options are subject to the same performance conditions and targets as set for the Company's Chief Executive Officer and Chief Financial Officer and detailed in the 27 April 2021 announcement.

Following these grants, the Company has a total of 1,825,500 ordinary shares under option.

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

1	Details of the person discharging managerial responsibilities/person closely associated.
a)	Name:				Glynis Frew			Nick Neill
2	Reason for notification.
a)	Position/Status:				Executive Director			Managing Director EweMove
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
					1p each			1peach
	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)
					1p each	50,000		1p each	46,500
d)	Aggregated volume:				n/a			n/a
	Price:				n/a			n/a
e)	Date of Transaction:				02 July 2021			02 July 2021
f)	Place of the Transaction				Outside a trading venue			Outside a trading venue

For further information, please contact:

The Property Franchise Group PLC   Gareth Samples, Chief Executive Officer David Raggett, Chief Financial Officer	01202 405549
Cenkos Securities plc (Nominated Adviser and Broker) Katy Birkin, Callum Davidson Julian Morse, Alex Pollen, Dale Bellis (Sales)	0207 397 8900
Alma PR  Susie Hudson Justine James Harriet Jackson	0203 405 0209

About The Property Franchise Group PLC:

The Property Franchise Group PLC (AIM: TPFG) is the largest property franchisor in the UK and manages the second largest estate agency network and portfolio of lettings properties in the UK.

The Company was founded in 1986 and has since grown to a diverse portfolio of nine brands operating throughout the UK, comprising longstanding high-street focused brands and a hybrid, no sale no fee agency.

The Property Franchise Group's brands are Martin & Co, EweMove, Hunters, CJ Hole, Ellis & Co, Parkers, Whitegates, Mullucks & Country Properties.

Headquartered in Bournemouth, UK, the Company was listed on AIM on the London Stock Exchange in 2013. More information is available at  www.propertyfranchise.co.uk

 

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