Director Shareholding and Issue of Equity

RNS Number : 8524B

Property Franchise Group PLC (The)

06 April 2017

 

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)	Price(s) Volume(s) 17.64p per share 200,000
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

 

END

 

 

MSCUNOVRBKASRAR