Exercise of Options and PDMR Notification

RNS Number : 4343Z

Purplebricks Group PLC

15 December 2017

 

15 December 2017

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 1,117,347 ordinary shares of £0.01 each in the Company ("Ordinary Shares" and the "Options") have been exercised by certain employees.  The Options exercised are a mix of those granted both pre and post IPO with a range of exercise prices between £0.01 and £1.29 per Ordinary Share.

Ryan Dinsdale, the CEO of Purplebricks Australia, who is considered to be a person discharging managerial responsibilities, on 13 December 2017 exercised options over 40,000 Ordinary Shares at £1.29 each and subsequently sold 40,000 Ordinary Shares at £3.65 each.

Pursuant to the exercise of the Options, an application has been made to the London Stock Exchange for 1,117,347 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 19 December 2017.

The Company's issued ordinary share capital following Admission will be 272,965,410 Ordinary Shares.

The above figure may be used by shareholders as a denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Purplebricks under the Transparency (Directive 2004/109/EC) Regulations 2007.

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	Ryan Dinsdale
2	Reason for the notification
a)	Position/status	CEO, Purplebricks Australia
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	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 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 and sale of shares
c)	Price(s) and volume(s)	No. of options exercised Exercise price No. of shares sold Sale price 40,000 £1.29 40,000 £3.65
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	13 December 2017
f)	Place of the transaction	London Stock Exchange, AIM

For further information, please contact:

Purplebricks Group plc	[phone]
Michael Bruce, James Davies
Zeus Capital Limited (Nominated Adviser)	[phone]
Nicholas How, Benjamin Robertson
Peel Hunt (Joint Broker)	[phone]
Dan Webster, George Sellar
Investec Bank (Joint Broker)	[phone]
Keith Anderson, Carlton Nelson
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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