Grant of options and PDMR notification

RNS Number : 7079W

Purplebricks Group PLC

03 August 2018

 

For immediate release 3 August 2018

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 2 August 2018 options to subscribe for an aggregate 500,000 ordinary shares of £0.01p each in the Company ("Ordinary Shares" and the "Options") were granted to certain persons discharging managerial responsibilities. 

Neil Tavender, Chief Operating Officer - Australia, has been granted 500,000 Options.  The Options have been granted under the Employee Share Option Plan and have an exercise price of £2.87, being the closing price of shares at 1 August 2018. 

Other than the grant of the Options, neither Mr Tavender nor his connected persons have any 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) Neil Tavender
2	Reason for the notification
a)	Position / status	1) Chief Operating Officer - Australia
	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 prepared 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	Ordinary shares of £0.01p each
	Identification code	ISIN:  GB00BYV2MV74
b)	Nature of transaction	Grant of options
c)	Price(s) and volume(s)	Exercise price:  1) £2.87
		No of shares:  1) 500,000
d)	Aggregated information	Aggregated volume:  500,000
		Weighted average price:  £2.87
e)	Date of the transaction	2 August 2018
f)	Place of the transaction	London Stock Exchange, AIM

For further information, please contact:

Purplebricks	[phone]
Michael Bruce, James Davies
Zeus Capital (NOMAD)	[phone]
Nicholas How, Benjamin Robertson
Peel Hunt (Broker)	[phone]
Dan Webster, George Sellar
Investec Bank (Broker)	[phone]
Keith Anderson, Carlton Nelson
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, the US and Canada 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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