Purplebricks Group PLC PDMR notification (2106N)

TIDMPURP

RNS Number : 2106N

Purplebricks Group PLC

21 October 2016

21 August 2016

Purplebricks Group plc

("Purplebricks" or the "Company")

PDMR notification

Purplebricks Group plc (AIM: PURP), the hybrid estate agent providing a new way to buy, sell or let property, has been notified that on 20 August 2016, David Kavanagh, Chief Technology Officer, who is considered to be a person discharging managerial responsibilities ("PDMR"), sold 69,500 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 132.23 pence per Ordinary Share.

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                        David Kavanagh 
---  --------------------------  -------------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------------ 
 a)   Position/status             Chief Technology Officer 
---  --------------------------  -------------------------------------------- 
 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                         (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 1 pence each 
       of the financial 
       instrument,                 ISIN: GB00BYV2MV74 
       type of 
       instrument 
       Identification 
       code 
---  --------------------------  -------------------------------------------- 
 b)   Nature of                   Sale of shares 
       the transaction 
---  --------------------------  -------------------------------------------- 
 c)   Price(s)                      Price     No. of 
       and volume(s)                            shares 
                                    --------  -------- 
                                     132.23 
                                      pence    69,500 
                                    --------  -------- 
---  --------------------------  -------------------------------------------- 
 d)   Aggregated                  N/A 
       information 
       - Aggregated 
       volume 
       - Price 
---  --------------------------  -------------------------------------------- 
 e)   Date of                     20 August 2016 
       the transaction 
---  --------------------------  -------------------------------------------- 
 f)   Place of                    London Stock Exchange, AIM 
       the transaction 
---  --------------------------  -------------------------------------------- 
 

For further information, please contact:

Purplebricks Group plc [phone]

Michael Bruce, Chief Executive

Neil Cartwright, Chief Financial Officer

Zeus Capital Limited - Nominated Adviser and Joint Broker [phone]

Nicholas How (Corporate Finance)

Pippa Underwood (Corporate Finance)

Ben Robertson (Corporate Broking)

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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October 21, 2016 11:15 ET (15:15 GMT)