Last checked at 6 Apr 2017 16:41
THE PROPERTY FRANCHISE GROUP PLC
(the 'Company' or the 'Group')
Director Shareholding and Issue of Equity
The Property Franchise Group PLC, one of the UK's largest property franchises, announces that David Raggett, Chief Financial Officer, has exercised his option over 200,000 ordinary shares of 1p each in the Company at a price of 17.64 pence per share. Furthermore, two employees have also exercised their option over a combined 129,600 ordinary shares of 1p each, at an exercise price of 17.64 pence per share. These options were granted under the Company's Enterprise Management Incentive Share Option Plan.
An application has been made for 329,600 new ordinary shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on 12 April 2017.
Following Admission, the Company will have 25,630,350 ordinary shares in issue admitted to trading on AIM. This figure may be used by shareholders as the denominator by which they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
|
David Raggett | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Financial Officer | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| The Property Franchise Group PLC | ||||
b)
| LEI
| 2138008J5PTJ8C77I535 | ||||
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 1 penny each
ISIN: GB00BH0WFH67
| ||||
b)
| Nature of the transaction
| Exercise of options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
| ||||
e)
| Date of the transaction
| 5 April 2017 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
Ends
For further information, please contact: The Property Franchise Group PLC Ian Wilson, Chief Executive Officer David Raggett, Chief Financial Office
| 01202 292829 |
Cenkos Securities plc Max Hartley(Nomad) ,Alex Aylen (Sales)
| 0207 397 8925 |
Bell Pottinger David Rydell, Henry Lerwill
| 020 3772 2500 |