Exercise of Options

RNS Number : 7169G

Purplebricks Group PLC

05 March 2018

 

5 March 2018

Purplebricks Group plc

("Purplebricks" or the "Company")

Exercise of options

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 1,099,822 ordinary shares of £0.01 each in the Company ("Ordinary Shares" and the "Options") have today been exercised by certain employees and LPE's under the Company's Employee and LPE share option plans.

Pursuant to the exercise of the Options, an application has been made to the London Stock Exchange for 1,099,822 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 9 March 2018.

The Company's issued ordinary share capital following Admission will be 274,065,232 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.

For further information, please contact:

Purplebricks                                                                                                                      [phone]

Michael Bruce, Chief Executive

James Davies, Chief Financial Officer

Zeus Capital - Nominated Adviser                                                                           [phone]

Nicholas How

Ben Robertson

Investec - Joint Broker                                                                                                  [phone]

Keith Anderson

Carlton Nelson

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 with operations in Australia and

the US that combines highly experienced and professional Local Property Experts (Local Real Estate

Experts in the US) 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

 

 

IOEKMGGFFKMGRZM