Exercise of options and PDMR notification

RNS Number : 1217K

Purplebricks Group PLC

16 September 2016

 

16 September 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 132,634 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 £0.01 per Ordinary Share.

Joby Russell, Chief Marketing Officer, and Richard Jacques, Lettings Director, who are both considered to be persons discharging managerial responsibilities, have respectively exercised 9,474 and 14,888 options over Ordinary Shares.

Pursuant to the exercise of the Options, an application has been made to the London Stock Exchange for 132,634 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 22 September 2016.

The Company's issued ordinary share capital following Admission will be 245,227,483 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.   Richard Jacques
2	Reason for the notification
a)	Position/status	1.   Chief Marketing Officer 2.   Lettings Director
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.   £0.01 2.   £0.01 1.   9,474 2.   14,888
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	16 September 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.

 

END

 

 

DSHEASNKFLAKEFF