Purplebricks Group PLC Share Dealing and PDMR Notification (0863K)

TIDMPURP

RNS Number : 0863K

Purplebricks Group PLC

04 July 2017

4 July 2017

Purplebricks Group plc

("Purplebricks" or the "Company")

Exercise of options and sale of shares

And

PDMR notification

Purplebricks Group plc (AIM: PURP), the hybrid estate agent providing a new way to buy, sell or let property, announces that, on 3 July 2017, options to subscribe for 961,762 ordinary shares of GBP0.01 each in the Company ("Ordinary Shares" and the "Options") have today been exercised by certain employees and LPEs.

These Options were granted to employees variously under the Purplebricks Enterprise Management Incentive Scheme, Purplebricks Employee Share Option Plan, CSOP Approved and CSOP Unapproved schemes and to LPEs under the LSOP scheme.

Certain PDMRs, included in the employees referred to above, exercised Options and subsequently sold a number of the resultant Ordinary Shares, as detailed in the table below.

Pursuant to the exercise of the Options, an application will shortly be made to the London Stock Exchange for 961,762 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 10 July 2017.

The Company's issued ordinary share capital following Admission will be 271,554,027 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. Joby Russell 
                                      2. Paul Vickerstaff 
                                      3. David Shepherd 
                                      4. Matthew Farrow 
                                      5. Richard Jacques 
                                      6. David Kavanagh 
---  ------------------  ------------------------------------------------------------- 
 2    Reason for the notification 
---  --------------------------------------------------------------------------------- 
 a)   Position/status          1. Chief Marketing Officer, Australia 
                                2. UK Sales Director 
                                3. Chief Information Officer 
                                4. Finance Director 
                                5. Lettings Director 
                                6. 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                 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, 
       type of 
       instrument          ISIN: GB00BYV2MV74 
       Identification 
       code 
---  ------------------  ------------------------------------------------------------- 
 b)   Nature of           Exercise of options and sale of 
       the transaction     shares 
---  ------------------  ------------------------------------------------------------- 
 c)   Price(s)              Exercise        No. of      Sale price        No. of 
       and volume(s)          price           Options                       Ordinary 
                                                                            Shares 
                                                                            sold 
                            --------------  -----------  ----------------  ----------- 
                             1. GBP0.1293    1. 30,000        1. GBP4.40    1. 30,000 
                              2. GBP0.1293    2. 20,301        2. GBP4.40    2. 20,301 
                              3. GBP0.01      3. 33,836        3. n/a        3. n/a 
                              4. GBP0.01      4. 86,538        4. n/a        4. n/a 
                              5. GBP0.01      5. 59,550        5. n/a        5. n/a 
                              6. GBP0.01      6. 40,604        6. n/a        6. n/a 
                            --------------  -----------  ----------------  ----------- 
---  ------------------  ------------------------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated         Exercise of options: 270,829 
       volume               Sale of shares: 50,301 
 
       - Price              Sale price GBP4.40 
---  ------------------  ------------------------------------------------------------- 
 e)   Date of             3 July 2017 
       the transaction 
---  ------------------  ------------------------------------------------------------- 
 f)   Place of            London Stock Exchange, AIM 
       the transaction 
---  ------------------  ------------------------------------------------------------- 
 

For further information, please contact:

Purplebricks Group plc [phone]

James Davies, Chief Financial Officer

Zeus Capital Limited - Nominated Adviser [phone]

Nicholas How (Corporate Finance)

Pippa Underwood (Corporate Finance)

Ben Robertson (Corporate Broking)

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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July 04, 2017 07:44 ET (11:44 GMT)