Purplebricks Group PLC Exercise of Options & PDMR Notification (0818R)

TIDMPURP

RNS Number : 0818R

Purplebricks Group PLC

06 December 2016

6 December 2016

Purplebricks Group plc

("Purplebricks" or the "Company")

Exercise 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 options to subscribe for 297,757 ordinary shares of GBP0.01 each in the Company ("Ordinary Shares" and the "Options") have yesterday been exercised by certain employees. These options were granted prior to the Company's IPO.

Richard Jacques, Lettings Director, and Joby Russell, Chief Marketing Officer, Australia, who are each considered to be persons discharging managerial responsibilities, have exercised 29,774 Options and 50,077 Options, respectively.

Pursuant to the exercise of the Options, an application has been made to the London Stock Exchange for 297,757 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 9 December 2016.

The Company's issued ordinary share capital following Admission will be 247,094,870 Ordinary Shares.

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. Richard Jacques 
                                   2. Joby Russell 
                                   3. Joby Russell 
---  ---------------------  -------------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------- 
 a)   Position/status             1. Lettings Director 
                                   2. Chief Marketing Officer, Australia 
                                   3. Chief Marketing Officer, Australia 
---  ---------------------  -------------------------------------------- 
 b)   Initial notification   Initial notification 
       /Amendment 
---  ---------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
---  ------------------------------------------------------------------- 
 a)   Name                   Purplebricks Group plc 
---  ---------------------  -------------------------------------------- 
 b)   LEI                    (Pending) 
---  ---------------------  -------------------------------------------- 
 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            Ordinary Shares of GBP0.01 each 
       of the financial 
       instrument,            ISIN: GB00BYV2MV74 
       type of instrument 
       Identification 
       code 
---  ---------------------  -------------------------------------------- 
 b)   Nature of the          Exercise of options 
       transaction 
---  ---------------------  -------------------------------------------- 
 c)   Price(s) and             Price                No. of shares 
       volume(s)               -------------------  ---------------- 
                                     1. GBP0.01           1. 29,774 
                                      2. GBP0.01           2. 9,474 
                                      3. GBP0.1293         3. 40,603 
                               -------------------  ---------------- 
---  ---------------------  -------------------------------------------- 
 d)   Aggregated             Volume: 79,851 
       information            Weighted average price: GBP0.0707 
       - Aggregated 
       volume 
       - Price 
---  ---------------------  -------------------------------------------- 
 e)   Date of the            5 December 2016 
       transaction 
---  ---------------------  -------------------------------------------- 
 f)   Place of the           London Stock Exchange, AIM 
       transaction 
---  ---------------------  -------------------------------------------- 
 

For further information, please contact:

Purplebricks [phone]

Michael Bruce, Chief Executive

Neil Cartwright, Chief Financial Officer

Zeus Capital - Nominated Adviser [phone]

Nicholas How (Corporate Finance)

Pippa Underwood (Corporate Finance)

Ben Robertson (Corporate Broking)

Investec - Joint Broker [phone]

Keith Anderson

Carlton Nelson

Peel Hunt - Joint Broker [phone]

Dan Webster

Instinctif Partners [phone]

David Simonson

Mark Reed

George Yeomans

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.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 06, 2016 04:20 ET (09:20 GMT)