Share Awards and PDMR notification

RNS Number : 7820G

Purplebricks Group PLC

26 July 2019

 

Purplebricks Group plc

("Purplebricks" or the "Company")

Share Awards and PDMR notification

Purplebricks Group plc (AIM: PURP), a leading hybrid real estate agency, announces that on 25 July 2019 the following awards over ordinary shares of £0.01 each in the Company were granted under the Purplebricks Performance Share Plan to the following persons discharging managerial responsibilities:

PDMR	Position	No. of shares under award
Vic Darvey	Chief Executive Officer	1,050,000
James Davies	Chief Financial Officer	500,000

The awards have an exercise price of one penny per share and become exercisable subject to continued employment and performance based on the Company's relative total shareholder return and EBITDA.

Other than the grant of the awards and previously granted share Options as previously disclosed, neither Mr Darvey nor Mr Davies or their 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:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Vic Darvey James Davies
2	Reason for the notification
a)	Position/status	Chief Executive Officer Chief Financial Officer
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	Ordinary Shares of £0.01 each
	Identification code	ISIN: GB00BYV2MV74
b)	Nature of the transaction	Grant of performance share plan award
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.01	1,050,000
			£0.01	500,000
d)	Aggregated information
	- Aggregated volume
		1,550,000
	- Price	£0.01
e)	Date of the transaction	25 July 2019
f)	Place of the transaction	Outside a trading venue

For further information, please contact:

Purplebricks	[phone]
Vic Darvey, CEO
James Davies, CFO
Adam Kay, Head of Investor Relations
Zeus Capital (NOMAD)	[phone]
Nick Cowles, Jamie Peel
Citi (Co-broker)	[phone]
Stuart Field, Robert Farrington
Peel Hunt (Co-broker)	[phone]
Dan Webster, George Sellar
Buchanan	[phone]
David Rydell, Jamie Hooper, Kim van Beeck

About Purplebricks

Purplebricks is a leading hybrid real estate agency. Based in the UK, it also operates in Canada and is invested in Homeday.de in Germany. Purplebricks combines highly experienced and professional Local Property 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.

 

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