Issue of Equity & PDMR Shareholding

Property Franchise Group PLC (The)

10 July 2023

 

10 July 2023

The Property Franchise Group PLC

(the "Company") 

Issue of Equity & PDMR Shareholding

The Property Franchise Group (LON:TPFG), announces the issuance of 213,041 new ordinary shares of 1p each ("Ordinary Shares") pursuant to the exercise of options by its two executive directors.

These options were exercised pursuant to the Company's Share Option Schemes and Deferred Bonus Plan. In the case of the Share Option Schemes, the options were issued in 2020 and recognise the full achievement of the targets set.

Gareth Samples has sold 26,798 ordinary shares 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 (Share Option Schemes)	Number of Ordinary Shares sold to EBT	Resultant holding in Company (shares)	Resultant percentage holding of enlarged issued share capital
Gareth Samples	Chief Executive Officer	159,868	1p	26,798	142,070	0.4%
David Raggett	Chief Financial Officer	53,173	1p	Nil	448,274	1.4%

An application has been made for the 213,041 new ordinary shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on 13 July 2023.

Following Admission, the Company will have 32,255,007 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	Gareth Samples
2	Reason for the notification
a)	Position/status	Chief Executive 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 ISIN: GB 00BH0WFH67
b)	Nature of the transaction	Sale of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 271.0p 26,798
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	10 July 2023
f)	Place of the transaction	Outside a trading venue

For further information, please contact:

The Property Franchise Group PLC   Gareth Samples, Chief Executive Officer David Raggett, Chief Financial Officer	01202 405549
Canaccord Genuity Limited (Nominated Adviser and Joint Broker) Max Hartley Tom Diehl	0207 523 8000
Singer Capital Markets (Joint Broker) Rick Thompson James Fischer	020 7496 3000
Alma PR  Justine James Joe Pederzolli Kinvara Verdon	020 3405 0205 [e-mail]

 

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