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Purplebricks Group (PURP)

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Monday 03 June, 2019

Purplebricks Group

Purchase of Shares and PDMR Notification

RNS Number : 9423A
Purplebricks Group PLC
03 June 2019
 

Purplebricks Group plc

("Purplebricks" or the "Company")

 

Purchase of Shares and PDMR Notification

 

Purplebricks Group plc (AIM: PURP), a world leading hybrid estate agency, has been notified that on 3 June 2019, Axel Springer SE, a person closely associated with Dr. Andreas Wiele, a Non-executive Director and PDMR of Purplebricks, purchased 43,662,417 ordinary shares of £0.01p each in the Company ("Ordinary Shares") at £1 per Ordinary Share.

 

Following the purchase, Axel Springer SE is beneficially interested in 81,384,638 Ordinary Shares, representing approximately 26.6% of the Company's issued share capital.

 

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. Axel Springer SE

2

Reason for the notification

a)

Position/status

1. Person closely associated with Person Discharging Managerial Responsibilities (Dr. Andreas Wiele, Non-executive Director)

b)

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 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

 

Identification code

Ordinary Shares of £0.01p each

 

 

 

ISIN: GB00BYV2MV74

b)

Nature of the transaction

1. Purchase of shares

c)

Price(s) and volume (s)

Price: 1. £1.00

No. of shares: 1. 43,662,417

d)

Aggregated information

- Volume

- Price

n/a

e)

Date of the transaction

2 June 2019

f)

Place of the transaction

Outside of a trading venue

 

For further information, please contact:


 

Purplebricks

+44 (0)20 7466 5000

James Davies, CFO and Company Secretary

Adam Kay, Head of Investor Relations




Zeus Capital (NOMAD)

+44 (0)161 831 1512

Nick Cowles, Jamie Peel




Peel Hunt (Broker)

+44 (0) 20 7418 8900

Dan Webster, George Sellar




Buchanan

+44 (0) 20 7466 5000

David Rydell, Jamie Hooper, Kim van Beeck


 

About Purplebricks

Purplebricks is a world leading hybrid real estate agency. Based in the UK, it also operates in the US and Canada, and is invested in Homeday.de in Germany. Purplebricks combines highly experienced and professional Local Property Experts (US: Local Real Estate Experts) and innovative technology to help make the process of selling, buying or letting more convenient, transparent and cost effective. Purplebricks shares are traded on the London Stock Exchange AIM market.

 


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 [email protected] or visit www.rns.com.
 
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