02 July 2021
THE PROPERTY FRANCHISE GROUP PLC
(the "Company" or the "Group")
Grant of Options
Further to its announcement on 27 April 2021 regarding the proposed issuance of additional options, the Company announces that it has granted options over 425,500 ordinary shares in the Company ("Options") to certain employees and persons discharging managerial responsibilities ("PDMRs") under the TPFG Share Option Plan. The grants made to PDMRs are as follows:
| PDMR | Position | Options granted (maximum number of shares subject to award) |
| Glynis Frew | Executive Director | 50,000 |
| Nick Neill | Managing Director of Hunters | 46,500 |
These nil cost options are subject to the same performance conditions and targets as set for the Company's Chief Executive Officer and Chief Financial Officer and detailed in the 27 April 2021 announcement.
Following these grants, the Company has a total of 1,825,500 ordinary shares under option.
Further detail is provided below in accordance with Article 19.3 of the UK Market Abuse Regulation.
| 1 | Details of the person discharging managerial responsibilities/person closely associated. | ||||||||
| a) | Name: |
| | | Glynis Frew | | | Nick Neill | |
| 2 | Reason for notification. | | | | |
| | ||
| a) | Position/Status: | | | Executive Director | | Managing Director EweMove | |||
| b) | Initial Notification/Amendment: | | Initial Notification | | Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participation, auction platform, | ||||||||
| | auctioneer or auction monitor. | | | | | | | ||
| a) | Name: |
|
| | The Property Franchise Group PLC |
| The Property Franchise Group PLC | ||
| b) | LEI: |
|
| | 2138008J5PTJ8C77I535
|
|
| 2138008J5PTJ8C77I535
|
|
| 4 | Details of transaction(s);section to berepeated 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: | Ordinary Shares of |
| Ordinary Shares of | |||||
| |
|
|
|
| 1p each |
| 1peach | ||
| | Identification code: |
|
| ISIN: GB00BH0WFH67 |
| ISIN: GB00BH0WFH67 | |||
| b) | Nature of transaction: |
|
| Grant of nil cost options |
| Grant of nil cost options | |||
| | | | | | over Company's shares | | over Company's shares | ||
| c) | Price(s) and volume(s) |
| Price(s) | Volume(s) | | Price(s) | Volume(s) | ||
| | | | | | 1p each | 50,000 | | 1p each | 46,500 |
| d) | Aggregated volume: | | | n/a | | | n/a | | |
| | Price: | | | | n/a | | | n/a | |
| e) | Date of Transaction: |
|
| 02 July 2021 |
| 02 July 2021 | |||
| f) | Place of the Transaction |
| Outside a trading venue |
| Outside a trading venue | ||||
For further information, please contact:
| The Property Franchise Group PLC Gareth Samples, Chief Executive Officer David Raggett, Chief Financial Officer | 01202 405549
| |
| Cenkos Securities plc (Nominated Adviser and Broker) Katy Birkin, Callum Davidson Julian Morse, Alex Pollen, Dale Bellis (Sales) | 0207 397 8900
| |
| Alma PR Susie Hudson Justine James Harriet Jackson
| 0203 405 0209 | |
About The Property Franchise Group PLC:
The Property Franchise Group PLC (AIM: TPFG) is the largest property franchisor in the UK and manages the second largest estate agency network and portfolio of lettings properties in the UK.
The Company was founded in 1986 and has since grown to a diverse portfolio of nine brands operating throughout the UK, comprising longstanding high-street focused brands and a hybrid, no sale no fee agency.
The Property Franchise Group's brands are Martin & Co, EweMove, Hunters, CJ Hole, Ellis & Co, Parkers, Whitegates, Mullucks & Country Properties.
Headquartered in Bournemouth, UK, the Company was listed on AIM on the London Stock Exchange in 2013. More information is available at www.propertyfranchise.co.uk
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