Amendment to Option Scheme and grant to PDMR

RNS Number : 3913W

Property Franchise Group PLC (The)

01 August 2018

 

The Property Franchise Group PLC

("TPFG", the "Company" or the "Group")

Amendment to Option Scheme and grant to PDMR

Further to the Company's announcements dated 9 June 2017 and 15 September 2017 regarding the implementation of the TPFG Share Option Plan (the "Option Plan") and the grant of options to Ian Wilson and David Raggett and other PDMRs, the Company announces that the Board have agreed to roll the arrangements forward by one year, such that the performance period runs until 31 December 2020. The roll-forward has been structured as the grant to each individual of a new nil-cost option "in parallel" to, and over the same number of shares as, the option originally granted to him or her so that: (1) if the option originally granted is exercised, the new option will lapse; and (2) if the new option is to be exercised, the original option must either have lapsed or been released.  Therefore, the participant will only be able to benefit from one of the options granted to him or her. The other terms and the EPS growth hurdles are the same as for the original options.

New grant

The Company also announces that Louise Griffiths, a person discharging managerial responsibility (PDMR), has been granted a nil-cost option under the Option Plan over 150,000 shares which will vest subject to the satisfaction of the same performance target.

Further detail is provided below in accordance with Article 19.3 of the EU Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ian Wilson
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Property Franchise Group PLC
b)	LEI	2138008J5PTJ8C77I535
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	Options over ordinary shares of 1 penny each ISIN: GB00BH0WFH67
b)	Nature of the transaction	Grant of nil cost options
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 1,000,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	1st August 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Raggett
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Property Franchise Group PLC
b)	LEI	2138008J5PTJ8C77I535
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	Options over ordinary shares of 1 penny each ISIN: GB00BH0WFH67
b)	Nature of the transaction	Grant of nil cost options
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 500,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	1st August 2018
f)	Place of the transaction	Outside a trading venue

Details of the person discharging managerial responsibilities / person closely associated
Name	Nick Neill
Reason for the notification
Position/status	PDMR - MD of EweMove
Initial notification /Amendment	Initial
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name	The Property Franchise Group PLC
LEI	2138008J5PTJ8C77I535
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
Description of the financial instrument, type of instrument Identification code	Options over ordinary shares of 1 penny each ISIN: GB00BH0WFH67
Nature of the transaction	Grant of nil cost options
Price(s) and volume(s)	Price(s) Volume(s) Nil 150,000
Aggregated information - Aggregated volume - Price	N/A - single transaction
Date of the transaction	1st August 2018
Place of the transaction	Outside a trading venue

Details of the person discharging managerial responsibilities / person closely associated
Name	Kate Toland
Reason for the notification
Position/status	PDMR - Group Marketing Director
Initial notification /Amendment	Initial
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name	The Property Franchise Group PLC
LEI	2138008J5PTJ8C77I535
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
Description of the financial instrument, type of instrument Identification code	Options over ordinary shares of 1 penny each ISIN: GB00BH0WFH67
Nature of the transaction	Grant of nil cost options
Price(s) and volume(s)	Price(s) Volume(s) Nil 150,000
Aggregated information - Aggregated volume - Price	N/A - single transaction
Date of the transaction	1st August 2018
Place of the transaction	Outside a trading venue

Details of the person discharging managerial responsibilities / person closely associated
Name	Christopher Varley
Reason for the notification
Position/status	PDMR - Company Secretary
Initial notification /Amendment	Initial
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name	The Property Franchise Group PLC
LEI	2138008J5PTJ8C77I535
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
Description of the financial instrument, type of instrument Identification code	Options over ordinary shares of 1 penny each ISIN: GB00BH0WFH67
Nature of the transaction	Grant of nil cost options
Price(s) and volume(s)	Price(s) Volume(s) Nil 5,000
Aggregated information - Aggregated volume - Price	N/A - single transaction
Date of the transaction	1st August 2018
Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Louise Griffiths
2	Reason for the notification
a)	Position/status	PDMR - MD of Martin & Co
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Property Franchise Group PLC
b)	LEI	2138008J5PTJ8C77I535
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	Options over ordinary shares of 1 penny each ISIN: GB00BH0WFH67
b)	Nature of the transaction	Grant of nil cost options
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 150,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	1st August 2018
f)	Place of the transaction	Outside a trading venue

Ends

For further information, please contact:

The Property Franchise Group PLC      Ian Wilson, Chief Executive Officer David Raggett, Chief Financial Officer	01202 292829
Cenkos Securities plc Max Hartley, Callum Davidson (Nominated Adviser) Julian Morse (Sales)	0207 397 8900
Alma PR    Josh Royston   Rebecca Sanders-Hewett Susie Hudson	0203 865 9667

 

END

 

 

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