Purchase of Shares and PDMR Notification

RNS Number : 9423A

Purplebricks Group PLC

03 June 2019

 

Purplebricks Group plc

("Purplebricks" or the "Company")

Purchase of Shares and PDMR Notification

Purplebricks Group plc (AIM: PURP), a world leading hybrid estate agency, has been notified that on 3 June 2019, Axel Springer SE, a person closely associated with Dr. Andreas Wiele, a Non-executive Director and PDMR of Purplebricks, purchased 43,662,417 ordinary shares of £0.01p each in the Company ("Ordinary Shares") at £1 per Ordinary Share.

Following the purchase, Axel Springer SE is beneficially interested in 81,384,638 Ordinary Shares, representing approximately 26.6% 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 (Dr. 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 Identification code	Ordinary Shares of £0.01p each ISIN: GB00BYV2MV74
b)	Nature of the transaction	1. Purchase of shares
c)	Price(s) and volume (s)	Price: 1. £1.00 No. of shares: 1. 43,662,417
d)	Aggregated information - Volume - Price	n/a
e)	Date of the transaction	2 June 2019
f)	Place of the transaction	Outside of a trading venue

For further information, please contact:

Purplebricks	[phone]
James Davies, CFO and Company Secretary Adam Kay, Head of Investor Relations
Zeus Capital (NOMAD)	[phone]
Nick Cowles, Jamie Peel
Peel Hunt (Broker)	[phone]
Dan Webster, George Sellar
Buchanan	[phone]
David Rydell, Jamie Hooper, Kim van Beeck

About Purplebricks

Purplebricks is a world leading hybrid real estate agency. Based in the UK, it also operates in the US and Canada, and is invested in Homeday.de in Germany. Purplebricks combines highly experienced and professional Local Property Experts (US: Local Real Estate Experts) and innovative technology to help make the process of selling, buying or letting more convenient, transparent and cost effective. Purplebricks shares are traded on the London Stock Exchange AIM market.

 

END

 

 

DSHEAEKDEFPNEFF