Sale of shares, exercise of options and PDMR

RNS Number : 7121U

Purplebricks Group PLC

20 January 2017

 

20 January 2017

Purplebricks Group plc

("Purplebricks" or the "Company")

Sale of shares, 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, has been notified that on 19 January 2017, Richard Jacques, Lettings Director, a person discharging managerial responsibilities ("PDMR"), sold 35,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares").

The Company also announces that on 19 January 2017, options to subscribe for 30,451 Ordinary Shares (the "Options") were exercised by an employee. These options were granted prior to the Company's IPO.

Pursuant to the exercise of the Options, an application has been made to the London Stock Exchange for 30,451 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 25 January 2017.

The Company's issued ordinary share capital following Admission will be 247,773,639 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.    Richard Jacques
2	Reason for the notification
a)	Position/status	1.    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	1.    Sale of shares
c)	Price(s) and volume(s)	Price No. of shares 1.    £1.6025 1.    35,000
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	19 January 2017
f)	Place of the transaction	London Stock Exchange, AIM

For further information, please contact:

Purplebricks Michael Bruce, Chief Executive Neil Cartwright, Chief Financial Officer	[phone]
Zeus Capital - Nominated Adviser           Nicholas How (Corporate Finance) Pippa Underwood (Corporate Finance) Ben Robertson (Corporate Broking)	[phone]
Investec - Joint Broker Keith Anderson Carlton Nelson	[phone]
Peel Hunt - Joint Broker               Dan Webster	[phone]
Instinctif Partners David Simonson Mark Reed George Yeomans	[phone]

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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