4 Jul 2017 12:44
4 July 2017
Purplebricks Group plc
("Purplebricks" or the "Company")
Exercise of options and sale of shares
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 3 July 2017, options to subscribe for 961,762 ordinary shares of £0.01 each in the Company ("Ordinary Shares" and the "Options") have today been exercised by certain employees and LPEs.
These Options were granted to employees variously under the Purplebricks Enterprise Management Incentive Scheme, Purplebricks Employee Share Option Plan, CSOP Approved and CSOP Unapproved schemes and to LPEs under the LSOP scheme.
Certain PDMRs, included in the employees referred to above, exercised Options and subsequently sold a number of the resultant Ordinary Shares, as detailed in the table below.
Pursuant to the exercise of the Options, an application will shortly be made to the London Stock Exchange for 961,762 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 10 July 2017.
The Company's issued ordinary share capital following Admission will be 271,554,027 Ordinary Shares.
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. Joby Russell 2. Paul Vickerstaff 3. David Shepherd 4. Matthew Farrow 5. Richard Jacques 6. David Kavanagh
| ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | 1. Chief Marketing Officer, Australia 2. UK Sales Director 3. Chief Information Officer 4. Finance Director 5. Lettings Director 6. 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 | 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 | Exercise of options and sale of shares
| ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume
- Price |
Exercise of options: 270,829 Sale of shares: 50,301
Sale price £4.40 | ||||||||
e) | Date of the transaction | 3 July 2017 | ||||||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||||||
For further information, please contact:
Purplebricks Group plc +44 (0) 20 7457 2020
James Davies, Chief Financial Officer
Zeus Capital Limited - Nominated Adviser +44 (0) 20 3829 5000
Nicholas How (Corporate Finance)
Pippa Underwood (Corporate Finance)
Ben Robertson (Corporate Broking)
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.