Exercise of Options

RNS Number : 1996H

Purplebricks Group PLC

15 August 2016

 

15 August 2016

Purplebricks Group plc

("Purplebricks" or the "Company")

Exercise of options

Purplebricks Group plc (AIM: PURP), the hybrid estate agent providing a new way to buy, sell or let property, announces that options to subscribe for 162,413 ordinary shares of £0.01 each in the Company ("Ordinary Shares" and the "Options") have today been exercised by certain employees. These options were granted prior to the Company's IPO and have an exercise price of £0.1293 per Ordinary Share.

Pursuant to the exercise of the Options, an application has been made to the London Stock Exchange for 162,413 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 19 August 2016.

The Company's issued ordinary share capital following Admission will be 245,094,849 Ordinary Shares.

For further information, please contact:

Purplebricks Group plc                                                                                                 [phone]

Michael Bruce, Chief Executive

Neil Cartwright, Chief Financial Officer

Zeus Capital Limited - Nominated Adviser and Joint Broker                        [phone]

Nicholas How (Corporate Finance)

Pippa Underwood (Corporate Finance)

Ben Robertson (Corporate Broking)

Peel Hunt - Joint Broker                                                                                               [phone]

Dan Webster

Instinctif Partners                                                                                                           [phone]

David Simonson

Mark Reed

George Yeomans

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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