Source - RNS
RNS Number : 1217K
Purplebricks Group PLC
16 September 2016
 

16 September 2016

 

 

Purplebricks Group plc

 

("Purplebricks" or the "Company")

 

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 options to subscribe for 132,634 ordinary shares of £0.01 each in the Company ("Ordinary Shares" and the "Options") have today been exercised by certain employees. These options were granted prior to the Company's IPO and have an exercise price of £0.01 per Ordinary Share.

 

Joby Russell, Chief Marketing Officer, and Richard Jacques, Lettings Director, who are both considered to be persons discharging managerial responsibilities, have respectively exercised 9,474 and 14,888 options over Ordinary Shares.

 

Pursuant to the exercise of the Options, an application has been made to the London Stock Exchange for 132,634 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 22 September 2016.

 

The Company's issued ordinary share capital following Admission will be 245,227,483 Ordinary Shares.

 

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.   Joby Russell

2.   Richard Jacques

2

Reason for the notification

a)

Position/status

1.   Chief Marketing Officer

2.   Lettings 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

(Pending)

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

Exercise of options

 

c)

Price(s) and volume(s)

 Price

No. of shares

1.   £0.01

2.   £0.01

1.   9,474

2.   14,888

 

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

16 September 2016

f)

Place of the transaction

London Stock Exchange, AIM

 

For further information, please contact:

 

Purplebricks Group plc                                                                                                 +44 (0) 20 7457 2020

Michael Bruce, Chief Executive

Neil Cartwright, Chief Financial Officer

 

Zeus Capital Limited - Nominated Adviser and Joint Broker                        +44 (0) 20 3829 5000

Nicholas How (Corporate Finance)

Pippa Underwood (Corporate Finance)

Ben Robertson (Corporate Broking)

 

Peel Hunt - Joint Broker                                                                                               +44 (0) 20 7418 8900

Dan Webster

 

Instinctif Partners                                                                                                           +44 (0) 20 7457 2020

David Simonson

Mark Reed

George Yeomans

 

 

About Purplebricks

 

Purplebricks is the leading next generation estate agency in the UK that combines highly experienced and professional Local Property Experts 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.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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