Purchase of Shares and PDMR notification

RNS Number : 9292T

Purplebricks Group PLC

09 July 2018

 

9 July 2018

Purplebricks Group plc

("Purplebricks" or the "Company")

Purchase of Shares and PDMR notification

Purplebricks Group plc (AIM: PURP), the hybrid estate agency, has been notified that on 6 July 2018, Axel Springer SE, a person closely associated with Dr. Andreas Wiele, a Non-Executive Director and PDMR of Purplebricks, purchased 3.0 million ordinary shares of £0.01 each in the Company ("Ordinary Shares") at £3.07 per Ordinary Share.

Following the purchase of Ordinary Shares, Axel Springer is beneficially interested in 37,722,221 Ordinary Shares, representing approximately 12.5 per cent. of the Company's issued share capital.

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.   Axel Springer SE
2	Reason for the notification
a)	Position/status	1.    Person closely associated with Person Discharging Managerial Responsibilities (Andreas Wiele, Non-Executive Director)
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	1.    Purchase of shares
c)	Price(s) and volume(s)	Price No. of shares 1.    £3.07 1.   3,000,000
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	6 July 2018
f)	Place of the transaction	Outside of a trading venue

For further information, please contact:

Purplebricks                                                                                                                 [phone]

Michael Bruce, James Davies

Zeus Capital - Nominated Adviser                                                                           [phone]

Nicholas How, Benjamin Robertson

Investec - Joint Broker                                                                                               [phone]

Keith Anderson, Carlton Nelson

Peel Hunt - Joint Broker                                                                                             [phone]

Dan Webster, George Sellar

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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