Purplebricks Group PLC Exercise of Options and PDMR Notification (4343Z)

TIDMPURP

RNS Number : 4343Z

Purplebricks Group PLC

15 December 2017

15 December 2017

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 1,117,347 ordinary shares of GBP0.01 each in the Company ("Ordinary Shares" and the "Options") have been exercised by certain employees. The Options exercised are a mix of those granted both pre and post IPO with a range of exercise prices between GBP0.01 and GBP1.29 per Ordinary Share.

Ryan Dinsdale, the CEO of Purplebricks Australia, who is considered to be a person discharging managerial responsibilities, on 13 December 2017 exercised options over 40,000 Ordinary Shares at GBP1.29 each and subsequently sold 40,000 Ordinary Shares at GBP3.65 each.

Pursuant to the exercise of the Options, an application has been made to the London Stock Exchange for 1,117,347 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 19 December 2017.

The Company's issued ordinary share capital following Admission will be 272,965,410 Ordinary Shares.

The above figure may be used by shareholders as a denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Purplebricks under the Transparency (Directive 2004/109/EC) Regulations 2007.

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                Ryan Dinsdale 
---  ------------------  ------------------------------------------- 
 2    Reason for the notification 
---  --------------------------------------------------------------- 
 a)   Position/status     CEO, Purplebricks Australia 
---  ------------------  ------------------------------------------- 
 b)   Initial             Initial notification 
       notification 
       /Amendment 
---  ------------------  ------------------------------------------- 
 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         Ordinary Shares of GBP0.01 each 
       of the financial 
       instrument,         ISIN: GB00BYV2MV74 
       type of 
       instrument 
       Identification 
       code 
---  ------------------  ------------------------------------------- 
 b)   Nature of           Exercise of options and sale of 
       the transaction     shares 
---  ------------------  ------------------------------------------- 
 c)   Price(s)              No. of    Exercise  No. of   Sale price 
       and volume(s)         options     price    shares 
                            exercised              sold 
                           ----------  --------  -------  ---------- 
                             40,000    GBP1.29   40,000     GBP3.65 
---  ------------------  ------------------------------------------- 
 d)   Aggregated          N/A 
       information 
       - Aggregated 
       volume 
       - Price 
---  ------------------  ------------------------------------------- 
 e)   Date of             13 December 2017 
       the transaction 
---  ------------------  ------------------------------------------- 
 f)   Place of            London Stock Exchange, AIM 
       the transaction 
---  ------------------  ------------------------------------------- 
 

For further information, please contact:

 
                                      [phone] 
 Purplebricks Group plc                          2020 
 Michael Bruce, James Davies 
 
 Zeus Capital Limited (Nominated      [phone] 
  Adviser)                                       5000 
 Nicholas How, Benjamin Robertson 
 
                                      [phone] 
 Peel Hunt (Joint Broker)                        8900 
 Dan Webster, George Sellar 
 
                                      [phone] 
 Investec Bank (Joint Broker)                    5970 
 Keith Anderson, Carlton Nelson 
 
                                      [phone] 
 Instinctif Partners                             2020 
 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 15, 2017 02:00 ET (07:00 GMT)