Issue of Equity & PDMR Shareholding

RNS Number : 1999Z

Property Franchise Group PLC (The)

19 May 2021

 

19 May 2021

The Property Franchise Group PLC

(the "Company")  

Issue of Equity & PDMR Shareholding

The Property Franchise Group (LON:TPFG),   announces the issuance of 667,300 new ordinary shares of 1p each ("Ordinary Shares") pursuant to the exercise of options by certain employees and persons discharging managerial responsibilities ("PDMRs"). These options were exercised pursuant to the Company's Share Option Schemes. Of these 667,300 new ordinary shares issued, 131,756 have been sold by the recipients to the Company's employee benefit trust ("EBT") in order to meet certain PAYE tax liabilities arising upon exercise of the options.

The PDMRs who exercised options were as follows:

PDMR	Role	Number of Ordinary Shares acquired following exercise of options	Exercise price per Share	Number of Ordinary Shares sold to EBT	Resultant holding in Company (shares)	Resultant percentage holding of enlarged issued share capital
David Raggett	Chief Financial Officer	225,000	1p	71,299	381,101	1.2%
Nick Neill	Managing Director	37,500	1p	8,512	34,988	0.1%
Kate Randall	Managing Director	37,500	1p	8,506	28,994	0.1%

An application has been made for the 667,300 new ordinary shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on 25 May 2021.

Following Admission, the Company will have 32,041,966 ordinary shares in issue admitted to trading on AIM. This figure may be used by shareholders as the denominator by which they are required to notify their interest in, or a change to their interest in, the Company under the FCA 's Disclosure Guidance and Transparency Rules.

Further information is provided below in accordance with Article 19(3) of the EU Market Abuse Regulation No 596/2014:

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 GB 00BH0WFH67
b)	Nature of the transaction	Exercise of options over ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 1p per share 225,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	17 May 2021
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	Ordinary shares of 1 penny each GB 00BH0WFH67
b)	Nature of the transaction	Sale of ordinary shares to company's employee benefit trust
c)	Price(s) and volume(s)	Price(s) Volume(s) 264p per share 71,299
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	18 May 2021
f)	Place of the transaction	London Stock Exchange (AIM)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nick Neill
2	Reason for the notification
a)	Position/status	Managing Director & PDMR
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 GB 00BH0WFH67
b)	Nature of the transaction	Exercise of options over ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 1p per share 37,500
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	17 May 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nick Neill
2	Reason for the notification
a)	Position/status	Managing Director & PDMR
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	Ordinary shares of 1 penny each GB 00BH0WFH67
b)	Nature of the transaction	Sale of ordinary shares to company's employee benefit trust
c)	Price(s) and volume(s)	Price(s) Volume(s) 264p per share 8,512
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	18 May 2021
f)	Place of the transaction	London Stock Exchange (AIM)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kate Randall
2	Reason for the notification
a)	Position/status	Managing Director & PDMR
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 GB 00BH0WFH67
b)	Nature of the transaction	Exercise of options over ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 1p per share 37,500
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	17 May 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kate Randall
2	Reason for the notification
a)	Position/status	Managing Director & PDMR
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	Ordinary shares of 1 penny each GB 00BH0WFH67
b)	Nature of the transaction	Sale of ordinary shares to company's employee benefit trust
c)	Price(s) and volume(s)	Price(s) Volume(s) 264p per share 8,506
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	18 May 2021
f)	Place of the transaction	London Stock Exchange (AIM)

Enquiries:

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]

 

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