Exercise of options

RNS Number : 4424D

Purplebricks Group PLC

26 April 2017

 

26 April 2017

Purplebricks Group plc

("Purplebricks" or the "Company")

Exercise of options

Purplebricks Group plc (AIM: PURP), the hybrid estate agent providing a new way to buy, sell or let property, announces that options to subscribe for 91,354 ordinary shares of £0.01 each in the Company ("Ordinary Shares" and the "Options") have today been exercised by certain employees. These Options were granted prior to the Company's IPO and have exercise prices of £0.1293 per Ordinary Share (50,751 Options) and £0.01 per Ordinary Share (40,603 Options).

Pursuant to the exercise of the Options, an application has been made to the London Stock Exchange for 91,354 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 3 May 2017.

The Company's issued ordinary share capital following Admission will be 270,592,265 Ordinary Shares.

For further information, please contact:

Purplebricks Group plc                        Michael Bruce, Chief Executive Neil Cartwright, Chief Financial Officer	[phone]
Zeus Capital Limited - Nominated Adviser and Joint Broker Nicholas How (Corporate Finance) Pippa Underwood (Corporate Finance) Ben Robertson (Corporate Broking)	[phone]
Peel Hunt - Joint Broker                                                          Dan Webster	[phone]
Instinctif Partners                                                         David Simonson Mark Reed George Yeomans	[phone]

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.

 

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