29 Jun 2017 08:20
29 June 2017
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 29 June 2017 options to subscribe for an aggregate 1,400,000 ordinary shares of £0.01 each in the Company ("Ordinary Shares" and the "Options") were granted to certain persons discharging managerial responsibilities.
James Davies, Chief Financial Officer, has been granted 1,000,000 Options and Ed Hughes, UK Chief Marketing Officer, has been granted 400,000 Options. The Options have been granted under the Employee Share Option Plan and have an exercise price of £3.05, being the closing price for the Ordinary Shares as at 2 May 2017 (being the date immediately prior to James Davies's appointment to the board).
Other than the grant of the Options, James Davies (as a director of the Company) and his connected persons have no 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. James Davies 2. Ed Hughes
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2 | Reason for the notification | |||||
a) | Position/status | 1. Chief Financial Officer 2. UK Chief Marketing Officer
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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
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b) | LEI | 2138003JWQLI3386BB56
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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 | Grant of options
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c) | Price(s) and volume(s) |
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d) | Aggregated information
- Aggregated volume - Price |
Volume: 1,400,000
Weighted average price: £3.05
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e) | Date of the transaction | 29 June 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
For further information, please contact:
Purplebricks +44 (0) 20 7457 2020
Michael Bruce, Chief Executive
James Davies, Chief Financial Officer
Zeus Capital - Nominated Adviser +44 (0) 20 3829 5000
Nicholas How (Corporate Finance)
Pippa Underwood (Corporate Finance)
Ben Robertson (Corporate Broking)
Investec - Joint Broker +44 (0) 20 7597 5970
Keith Anderson
Carlton Nelson
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.