Grant of Options and PDMR Notification

RNS Number : 3391H

Purplebricks Group PLC

12 March 2018

 

12 March 2018

Purplebricks Group plc

("Purplebricks" or the "Company")

Re. grant and exercise 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 5 March 2018 options to subscribe for 100,000 ordinary shares of £0.01 each in the Company ("Ordinary Shares" and the "Options") were granted to Lee Wainwright, UK CEO, Purplebricks. The Options were granted under the Company's Employee Share Option Plan and have an exercise price of £4.15, being the closing price for the Ordinary Shares as at 2 March 2018.

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

Also, further to its notification of 5 March 2018 relating to the exercise of 1,099,822 options over Ordinary Shares by certain employees and LPEs under the Company's Employee and LPE share option plans, Purplebricks updates that Admission of the new Ordinary Shares is now expected to become effective on 15 March 2018.  All other details remain unchanged from the notification of 5 March 2018.

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	Lee Wainwright
2	Reason for the notification
a)	Position/status	UK CEO, Purplebricks
b)	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)	No. of options granted Exercise price 100,000 £4.15
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	5 March 2018
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

Ben Robertson

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 with operations in Australia and the US that combines highly experienced and professional Local Property Experts (Local Real Estate Experts in the US) 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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