4 Nov 2022 07:00
4 November 2022
Purplebricks Group plc
(the "Company")
Director/PDMR Shareholding
Purplebricks Group plc (AIM: PURP), a leading UK estate agency business, announces that on 3 November 2022, Dominique Highfield, Chief Financial Officer, has been granted an award over 1,000,000 ordinary shares of £0.01 each in the Company ("Award") under the Purplebricks Performance Share Plan.
The Award has an exercise price of £0.01 per share and may become exercisable subject to continued employment and performance based on two performance measures relating to the Company's relative and absolute total shareholder return over a three year performance period. The performance period begins on 15 August 2022 in order to align measurement of performance with the award granted to the Chief Executive Officer in August 2022.
In addition, the Award is also subject to an underpin condition, requiring the Remuneration Committee to be satisfied as to overall Company performance and other success markers including customer satisfaction before confirming any vesting under the formulaic performance conditions.
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Dominique Highfield
| |
2 | Reason for the notification | ||
a) | Position/status
| 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 Identification code
| Ordinary Shares of £0.01 each ISIN: GB00BYV2MV74 | |
b)
| Nature of the transaction
| Award granted pursuant to the Purplebricks Performance Share Plan
| |
c)
| Price(s) and volume(s)
| Price(s)
| Volume(s) |
nil
| 1,000,000
| ||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A
N/A | |
e)
| Date of the transaction
| 3 November 2022 | |
f)
| Place of the transaction
| Outside a trading venue | |
For further information, please contact:
Purplebricks
Helena Marston, Chief Executive Officer
Peter Hewer, Director of Corporate Affairs
Fiona O'Nolan, Equitory, Investor Relations investors@purplebricks.com
Zeus (Nominated Adviser and Broker)
Jamie Peel, Andrew Jones, James Hornigold (Investment Banking) + 44 (0)20 3829 5000
Ben Robertson (Corporate Broking)
MHP Communications
Alan Tovey +44 (0)7833 437044
About Purplebricks
Purplebricks is a leading technology-led estate agency business, based in the UK. Purplebricks combines highly experienced and professional Local Property Partners 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.