3 Aug 2018 07:00
For immediate release 3 August 2018
Purplebricks Group plc
("Purplebricks" or the "Company")
Grant 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 on 2 August 2018 options to subscribe for an aggregate 500,000 ordinary shares of £0.01p each in the Company ("Ordinary Shares" and the "Options") were granted to certain persons discharging managerial responsibilities.
Neil Tavender, Chief Operating Officer - Australia, has been granted 500,000 Options. The Options have been granted under the Employee Share Option Plan and have an exercise price of £2.87, being the closing price of shares at 1 August 2018.
Other than the grant of the Options, neither Mr Tavender nor his 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.
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) Neil Tavender |
2 | Reason for the notification | |
a) | Position / status | 1) Chief Operating Officer - Australia |
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 prepared 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 £0.01p each |
Identification code | ISIN: GB00BYV2MV74 | |
b) | Nature of transaction | Grant of options |
c) | Price(s) and volume(s) | Exercise price: 1) £2.87 |
No of shares: 1) 500,000 | ||
d) | Aggregated information | Aggregated volume: 500,000 |
Weighted average price: £2.87 | ||
e) | Date of the transaction | 2 August 2018 |
f) | Place of the transaction | London Stock Exchange, AIM |
For further information, please contact:
| |
Purplebricks | +44 (0) 20 7457 2020 |
Michael Bruce, James Davies | |
Zeus Capital (NOMAD) | +44 (0) 20 3829 5000 |
Nicholas How, Benjamin Robertson | |
Peel Hunt (Broker) | +44 (0) 20 7418 8900 |
Dan Webster, George Sellar | |
Investec Bank (Broker) | +44 (0) 20 7597 5970 |
Keith Anderson, Carlton Nelson | |
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 with operations in Australia, the US and Canada that combines highly experienced and professional Local Property Experts (Local Real Estate Experts in the US) 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.