6 Jan 2017 07:00
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 4 January 2017 options to subscribe for 600,000 ordinary shares of £0.01 each in the Company ("Ordinary Shares" and the "Options") were granted to certain persons discharging managerial responsibilities. The Options have been granted under the Employee Share Option Plan and have an exercise price of £1.4025, being the closing price for the Ordinary Shares as at 4 January 2017.
James Kydd, Director of Marketing, has been granted 500,000 Options and David Kavanagh, Chief Technology Officer, has been granted 100,000 options.
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. James Kydd 2. David Kavanagh | ||||
2 | Reason for the notification | |||||
a) | Position/status | 1. Director of Marketing 2. Chief Technology 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 | (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 | 1. Grant of options 2. Grant of options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Volume: 600,000 Weighted average price: £1.4025
| ||||
e) | Date of the transaction | 4 January 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
For further information, please contact:
Purplebricks Michael Bruce, Chief Executive Neil Cartwright, Chief Financial Officer
| +44 (0) 20 7457 2020 |
Zeus Capital - Nominated Adviser Nicholas How (Corporate Finance) Pippa Underwood (Corporate Finance) Ben Robertson (Corporate Broking)
| +44 (0) 20 3829 5000 |
Investec - Joint Broker Keith Anderson Carlton Nelson
| +44 (0) 20 7597 5970 |
Peel Hunt - Joint Broker Dan Webster
| +44 (0) 20 7418 8900 |
Instinctif Partners Mark Reed George Yeomans David Simonson | +44 (0) 20 7457 2020 |
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.