Grant of Options and PDMR notification

RNS Number : 5504J

Purplebricks Group PLC

29 June 2017

 

29 June 2017

Purplebricks Group plc

("Purplebricks" or the "Company")

Grant of options and PDMR notification

Purplebricks Group plc (AIM: PURP), the hybrid estate agent providing a new way to buy, sell or let property, announces that on 29 June 2017 options to subscribe for an aggregate 1,400,000 ordinary shares of £0.01 each in the Company ("Ordinary Shares" and the "Options") were granted to certain persons discharging managerial responsibilities.

James Davies, Chief Financial Officer, has been granted 1,000,000 Options and Ed Hughes, UK Chief Marketing Officer, has been granted 400,000 Options. The Options have been granted under the Employee Share Option Plan and have an exercise price of £3.05, being the closing price for the Ordinary Shares as at 2 May 2017 (being the date immediately prior to James Davies's appointment to the board).

Other than the grant of the Options, James Davies (as a director of the Company) and his connected persons have no beneficial interest in the Ordinary Shares of the Company.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.    James Davies 2.    Ed Hughes
2	Reason for the notification
a)	Position/status	1.    Chief Financial Officer 2.    UK Chief Marketing Officer
	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Purplebricks Group plc
b)	LEI	2138003JWQLI3386BB56
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 £0.01 each ISIN: GB00BYV2MV74
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Exercise Price No. of shares 1.     £3.05 2.     £3.05 1.   1,000,000 2.   400,000
d)	Aggregated information - Aggregated volume - Price	Volume: 1,400,000 Weighted average price: £3.05
e)	Date of the transaction	29 June 2017
f)	Place of the transaction	London Stock Exchange, AIM

For further information, please contact:

Purplebricks                                                                                                                      [phone]

Michael Bruce, Chief Executive

James Davies, Chief Financial Officer

Zeus Capital - Nominated Adviser                                                                           [phone]

Nicholas How (Corporate Finance)

Pippa Underwood (Corporate Finance)

Ben Robertson (Corporate Broking)

Investec - Joint Broker                                                                                                  [phone]

Keith Anderson

Carlton Nelson

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.

 

END

 

 

DSHGRGDLCBDBGRC