Director/PDMR Shareholding

RNS Number : 8261U

Property Franchise Group PLC (The)

31 July 2020

 

THE PROPERTY FRANCHISE GROUP PLC

(the "Company" or the "Group")

Director's Dealing

The Company announces that Richard Martin, Chairman, has sold 850,000 ordinary shares of 1p each in the Company at a price of 173.25p per share. Following this transaction, Richard has a total beneficial interest in 8,039,950 ordinary shares in the Company, including shares held by his wife, representing approximately 31.14 per cent. of the issued share capital.   

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	Richard Martin
2	Reason for the notification
a)	Position/status	Chairman
b)	Initial notification /Amendment	Initial Notification
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	Ordinary Shares of 1p ISIN: GB00BH0WFH67
b)	Nature of the transaction	Sale of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 173.25p 850,000
d)	Aggregated information -  Aggregated volume -  Price	-N/A
e)	Date of the transaction	31 July 2020
f)	Place of the transaction	London Stock Exchange (AIM)

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

For further information, please contact:

The Property Franchise Group PLC   Gareth Samples, Chief Executive Officer David Raggett, Chief Financial Officer	01202 292829
Cenkos Securities plc Max Hartley (Nominated Adviser) Julian Morse (Sales)	0207 397 8900
Alma PR Susie Hudson  Justine James Harriet Jackson	0203 405 0205 [e-mail]

About The Property Franchise Group PLC:

The Property Franchise Group PLC (AIM: TPFG) is one of the largest property franchises in the UK.

The Company was founded in 1986 and has since grown to a diverse portfolio of six brands operating throughout the UK, comprising longstanding high-street brands and a hybrid, no sale no fee agency.

  The Property Franchise Group's brands include: 

· Martin & Co: a national lettings focused brand

· EweMove: a national, digitally enabled, hybrid sales and lettings brand

· CJ Hole: a full-service estate agency serving the West Country for 151 years

· Ellis & Co: a full-service estate agency serving London for 168 years

· Parkers: a full-service estate agency serving the M4 corridor for 70 years

· Whitegates: a full-service estate agency serving the Midlands and North of England for 40 years  

Headquartered in Bournemouth, UK, the Company was listed on AIM on the London Stock Exchange in 2013. More information is available at        www.propertyfranchise.co.uk

 

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