Purplebricks Group PLC Sale of shares, exercise of options and PDMR (7121U)

TIDMPURP

RNS Number : 7121U

Purplebricks Group PLC

20 January 2017

20 January 2017

Purplebricks Group plc

("Purplebricks" or the "Company")

Sale of shares, 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, has been notified that on 19 January 2017, Richard Jacques, Lettings Director, a person discharging managerial responsibilities ("PDMR"), sold 35,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares").

The Company also announces that on 19 January 2017, options to subscribe for 30,451 Ordinary Shares (the "Options") were exercised by an employee. These options were granted prior to the Company's IPO.

Pursuant to the exercise of the Options, an application has been made to the London Stock Exchange for 30,451 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 25 January 2017.

The Company's issued ordinary share capital following Admission will be 247,773,639 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    Reason for the notification 
---  ----------------------------------------------------------- 
 a)   Position/status                1. Lettings Director 
---  ------------------  --------------------------------------- 
 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 GBP0.01 each 
       of the financial 
       instrument,         ISIN: GB00BYV2MV74 
       type of 
       instrument 
       Identification 
       code 
---  ------------------  --------------------------------------- 
 b)   Nature of                1. Sale of shares 
       the transaction 
---  ------------------  --------------------------------------- 
 c)   Price(s)              Price                No. of 
       and volume(s)                               shares 
                            -------------------  --------------- 
                                  1. GBP1.6025         1. 35,000 
                            -------------------  --------------- 
---  ------------------  --------------------------------------- 
 d)   Aggregated          n/a 
       information 
       - Aggregated 
       volume 
       - Price 
---  ------------------  --------------------------------------- 
 e)   Date of             19 January 2017 
       the transaction 
---  ------------------  --------------------------------------- 
 f)   Place of            London Stock Exchange, AIM 
       the transaction 
---  ------------------  --------------------------------------- 
 

For further information, please contact:

 
 Purplebricks 
  Michael Bruce, Chief 
  Executive 
  Neil Cartwright, Chief 
  Financial Officer             [phone] 
 Zeus Capital - Nominated 
  Adviser 
  Nicholas How (Corporate 
  Finance) 
  Pippa Underwood (Corporate 
  Finance) 
  Ben Robertson (Corporate 
  Broking)                      [phone] 
 Investec - Joint Broker 
  Keith Anderson 
  Carlton Nelson                [phone] 
 Peel Hunt - Joint Broker 
  Dan Webster                   [phone] 
 Instinctif Partners 
  David Simonson 
  Mark Reed 
  George Yeomans                [phone] 
 

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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January 20, 2017 04:00 ET (09:00 GMT)