Grant of Options

RNS Number : 9904D
Property Franchise Group PLC (The)
02 July 2021
 

 

02 July 2021

THE PROPERTY FRANCHISE GROUP PLC

 

(the "Company" or the "Group")

 

Grant of Options

 

Further to its announcement on 27 April 2021 regarding the proposed issuance of additional options, the Company announces that it has granted options over 425,500 ordinary shares in the Company ("Options") to certain employees and persons discharging managerial responsibilities ("PDMRs") under the TPFG Share Option Plan. The grants made to PDMRs are as follows:

 

PDMR

Position

Options granted (maximum number of shares subject to award)

Glynis Frew

Executive Director

50,000

Nick Neill

Managing Director of Hunters

46,500

 

 

These nil cost options are subject to the same performance conditions and targets as set for the Company's Chief Executive Officer and Chief Financial Officer and detailed in the 27 April 2021 announcement.

 

Following these grants, the Company has a total of 1,825,500 ordinary shares under option.

 

Further detail is provided below in accordance with Article 19.3 of the UK Market Abuse Regulation.

 

 

1

Details of the person discharging managerial responsibilities/person closely associated.

a)

Name:

 



Glynis Frew



Nick Neill

2

Reason for notification.





 


a)

Position/Status:



Executive Director


Managing Director EweMove

b)

Initial Notification/Amendment:


Initial Notification


Initial Notification

3

Details of the issuer, emission allowance market participation, auction platform,


auctioneer or auction monitor.







a)

Name:

 

 


The Property Franchise Group PLC

 

The Property Franchise Group PLC

b)

LEI:

 

 


2138008J5PTJ8C77I535

 

 

 

2138008J5PTJ8C77I535

 

 

4

Details of transaction(s);section to berepeated 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:

Ordinary Shares of

 

Ordinary Shares of


 

 

 

 

1p each

 

1peach


Identification code:

 

 

ISIN: GB00BH0WFH67

 

ISIN: GB00BH0WFH67

b)

Nature of transaction:

 

 

Grant of nil cost options

 

Grant of nil cost options






over Company's shares


over Company's shares

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)


Price(s)

Volume(s)






1p each

50,000


1p each

46,500

d)

Aggregated volume:



n/a



n/a



Price:




n/a



n/a


e)

Date of Transaction:

 

 

02 July 2021

 

02 July 2021

f)

Place of the Transaction

 

Outside a trading venue

 

Outside a trading venue

 

 

For further information, please contact:

 

 

The Property Franchise Group PLC  

Gareth Samples, Chief Executive Officer

David Raggett, Chief Financial Officer

 01202 405549

 

 

 

Cenkos Securities plc (Nominated Adviser and Broker)

Katy Birkin, Callum Davidson

Julian Morse, Alex Pollen, Dale Bellis (Sales)  

 0207 397 8900

 

 

Alma PR 

Susie Hudson

Justine James

Harriet Jackson

 

 0203 405 0209


 

About The Property Franchise Group PLC:

 

The Property Franchise Group PLC (AIM: TPFG) is the largest property franchisor in the UK and manages the second largest estate agency network and portfolio of lettings properties in the UK.

 

The Company was founded in 1986 and has since grown to a diverse portfolio of nine brands operating throughout the UK, comprising longstanding high-street focused brands and a hybrid, no sale no fee agency.

 

The Property Franchise Group's brands are Martin & Co, EweMove, Hunters, CJ Hole, Ellis & Co, Parkers, Whitegates, Mullucks & Country Properties.

 

Headquartered in Bournemouth, UK, the Company was listed on AIM on the London Stock Exchange in 2013. More information is available at  www.propertyfranchise.co.uk

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHKZGGNVZNGMZG
UK 100

Latest directors dealings