Exercise of Options and PDMR Notification

RNS Number : 9948D

Purplebricks Group PLC

12 July 2016

 

12 July 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 595,089 ordinary shares of £0.01 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 £0.1293 per Ordinary Share.

Joby Russell, Chief Marketing Officer, and David Kavanagh, Chief Technology Officer, who are both considered to be persons discharging managerial responsibilities, have respectively exercised 243,618 and 108,275 options over Ordinary Shares.

Pursuant to the exercise of the Options, an application has been made to the London Stock Exchange for 595,089 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 18 July 2016.

The Company's issued ordinary share capital following Admission will be 244,932,436 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.   David Kavanagh
2	Reason for the notification
a)	Position/status	1.   Chief Marketing Officer 2.   Chief Technology Officer
b)	Initial notification /Amendment	Initial notification
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 of the financial instrument, type of instrument Identification code	Ordinary Shares of £0.01 each ISIN: GB00BYV2MV74
b)	Nature of the transaction	Exercise of options
c)	Price(s) and volume(s)	Price No. of shares 1.   £0.1293 2.   £0.1293 1.   243,618 2.   108,275
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	12 July 2016
f)	Place of the transaction	London Stock Exchange, AIM

For further information, please contact:

Purplebricks Group plc                                                                                                 [phone]

Michael Bruce, Chief Executive

Neil Cartwright, Chief Financial Officer

Zeus Capital Limited - Nominated Adviser and Joint Broker                        [phone]

Nicholas How (Corporate Finance)

Pippa Underwood (Corporate Finance)

Ben Robertson (Corporate Broking)

Peel Hunt - Joint Broker                                                                                               [phone]

Dan Webster

Instinctif Partners                                                                                                           [phone]

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.

 

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