Grant of options and PDMR notification

RNS Number : 7079W
Purplebricks Group PLC
03 August 2018
 

For immediate release 3 August 2018

Purplebricks Group plc

("Purplebricks" or the "Company")

Grant of options 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 2 August 2018 options to subscribe for an aggregate 500,000 ordinary shares of £0.01p each in the Company ("Ordinary Shares" and the "Options") were granted to certain persons discharging managerial responsibilities. 

Neil Tavender, Chief Operating Officer - Australia, has been granted 500,000 Options.  The Options have been granted under the Employee Share Option Plan and have an exercise price of £2.87, being the closing price of shares at 1 August 2018. 

Other than the grant of the Options, neither Mr Tavender nor his connected persons have any beneficial interest in the Ordinary Shares of the Company. 

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) Neil Tavender




2

Reason for the notification


a)

Position / status

1) Chief Operating Officer - Australia





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 prepared 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

Ordinary shares of £0.01p each


Identification code

ISIN:  GB00BYV2MV74

b)

Nature of transaction

Grant of options

c)

Price(s) and volume(s)

Exercise price:  1) £2.87



No of shares:  1) 500,000

d)

Aggregated information

Aggregated volume:  500,000



Weighted average price:  £2.87

e)

Date of the transaction

2 August 2018

f)

Place of the transaction

London Stock Exchange, AIM

 

 

For further information, please contact:


 

Purplebricks

+44 (0) 20 7457 2020

Michael Bruce, James Davies




Zeus Capital (NOMAD)

+44 (0) 20 3829 5000

Nicholas How, Benjamin Robertson




Peel Hunt (Broker)

+44 (0) 20 7418 8900

Dan Webster, George Sellar




Investec Bank (Broker)

+44 (0) 20 7597 5970

Keith Anderson, Carlton Nelson




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 with operations in Australia, the US and Canada that combines highly experienced and professional Local Property Experts (Local Real Estate Experts in the US) 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.


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.
 
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