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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Property Franchise Group Plc (the) | LSE:TPFG | London | Ordinary Share | GB00BH0WFH67 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 5.00 | 1.30% | 390.00 | 385.00 | 395.00 | 390.00 | 385.00 | 385.00 | 40,976 | 15:11:15 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Agents & Mgrs | 27.16M | 7.23M | 0.2256 | 17.29 | 124.96M |
From May 2022 to May 2024
TIDMTPFG
RNS Number : 3060V
Property Franchise Group PLC (The)
09 August 2022
9 August 2022
THE PROPERTY FRANCHISE GROUP PLC
(the "Company" or the "Group")
Grant of Options
The Property Franchise Group PLC, the UK's largest property franchisor, today announces that it has granted nominal cost options over 465,000 ordinary shares in the Company to its Chief Executive Officer, Chief Financial Officer and members of its senior management team under the TPFG Share Option Plan. These awards recognise each of their roles and responsibilities in developing and implementing the Company's strategic plans and are designed to continue to incentivise them appropriately.
The awards will be subject to two performance conditions; adjusted basic earnings per share adjusted for exceptional income/costs, amortisation arising on consolidation and share-based payment charges ("adjusted EPS") and total shareholder return ("TSR") over the 3 years to 31 December 2024. Each performance condition will apply to 50% of the awards being made.
In respect of both performance conditions, growth of 20% over the three-year period will be required for threshold vesting of the awards (the "floor"), with growth of 42% or higher in both performance measures required for all of the awards to vest (the "cap"). Straight-line vesting applies between the floor and the cap.
The maximum awards for directors and PDMRs are stated below:
Hot Features
Premium
Name Position Number of shares
subject to awards
Gareth Samples Chief Executive Officer 175,000
------------------------------ -------------------
David Raggett Chief Financial Officer 115,000
------------------------------ -------------------
Group Marketing & Commercial
Kate Randall Director 22,000
------------------------------ -------------------
Nick Neill Managing Director of EweMove 22,000
------------------------------ -------------------
Immediately prior to these awards the Company's issued share capital was 32,041,966 ordinary shares and it had outstanding awards granted under prior incentive schemes of 1,825,500 ordinary shares.
The grant of the awards constitutes a related party transaction for the purposes of AIM Rule 13. The independent directors consider, having consulted with the Company's nominated adviser, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned.
Further detail is provided below in accordance with Article 19.3 of the EU Market Abuse Regulation.
Details of the person discharging managerial responsibilities/person
1 closely associated.
--------------------------------------------------------------------------------------------------------
a) Name: Gareth Samples David Raggett
------------------------------ ---------------------- ---------- ---------------------------------
2 Reason for notification.
-------------------------------- ---------------------- ---------- --------------------- ----------
a) Position/Status: Chief Executive Chief Financial Officer
------------------------------- ---------------------------------- ---------------------------------
b) Initial Notification/Amendment: Initial Notification Initial Notification
-------------------------------- ---------------------------------- ---------------------------------
Details of the issuer, emission allowance market participation,
3 auction platform,
auctioneer or
auction monitor.
-------------------------------- ---------------------- ---------- --------------------- ----------
a) Name: The Property Franchise The Property Franchise
Group PLC Group PLC
------------------------------ ---------------------------------- ---------------------------------
b) LEI: 2138008J5PTJ8C77I535 2138008J5PTJ8C77I535
------------------------------ ---------------------- ---------- --------------------- ----------
Details of transaction(s);section to berepeated for (i) each
4 type of instrument; (ii) each type
of transaction; (iii) each date; and (iv) each place where transactions
have been conducted.
--------------------------------------------------------------------------------------------------------
a) Description of Ordinary Shares of Ordinary Shares of
the financial
instrument:
1p each 1peach
Identification ISIN: GB00BH0WFH67 ISIN: GB00BH0WFH67
code:
------------------------------- ---------------------------------- ---------------------------------
b) Nature of transaction: Grant of nil cost options Grant of nil cost options
over Company's shares over Company's shares
------------------------------ ---------------------------------- ---------------------------------
c) Price(s) and Price(s) Volume(s) Price(s) Volume(s)
volume(s)
---------- ----------
1p each 175,000 1p each 115,000
---------- ----------
d) Aggregatted n/a n/a
volume:
Price: n/a n/a
--------------------------------- ------------------------ ---------- --------------------- ----------
e) Date of Transaction: 9 August 2022 9 August 2022
------------------------------- ---------------------------------- ---------------------------------
f) Place of the Outside a trading venue Outside a trading venue
Transaction
-------------------------------- ---------------------------------- ---------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated.
--------------------------------------------------------------------------------------------------------
a) Name: Kate Randall Nick Neill
------------------------------ ---------------------- ---------- ---------------------------------
2 Reason for notification.
-------------------------------- ---------------------- ---------- --------------------- ----------
a) Position/Status: Group Marketing & Commercial Managing Director of
Director EweMove
------------------------------- ---------------------------------- ---------------------------------
b) Initial Notification/Amendment: Initial Notification Initial Notification
-------------------------------- ---------------------------------- ---------------------------------
Details of the issuer, emission allowance market participation,
3 auction platform,
auctioneer or
auction monitor.
-------------------------------- ---------------------- ---------- --------------------- ----------
a) Name: The Property Franchise The Property Franchise
Group PLC Group PLC
------------------------------ ---------------------------------- ---------------------------------
b) LEI: 2138008J5PTJ8C77I535 2138008J5PTJ8C77I535
------------------------------ ---------------------- ---------- --------------------- ----------
Details of transaction(s);section to berepeated for (i) each
4 type of instrument; (ii) each type
of transaction; (iii) each date; and (iv) each place where transactions
have been conducted.
--------------------------------------------------------------------------------------------------------
a) Description of Ordinary Shares of Ordinary Shares of
the financial
instrument:
1p each 1peach
Identification ISIN: GB00BH0WFH67 ISIN: GB00BH0WFH67
code:
------------------------------- ---------------------------------- ---------------------------------
b) Nature of transaction: Grant of nil cost options Grant of nil cost options
over Company's shares over Company's shares
------------------------------ ---------------------------------- ---------------------------------
c) Price(s) and Price(s) Volume(s) Price(s) Volume(s)
volume(s)
---------- ----------
1p each 22,000 1p each 22,000
---------- ----------
d) Aggregatted n/a n/a
volume:
Price: n/a n/a
--------------------------------- ------------------------ ---------- --------------------- ----------
e) Date of Transaction: 9 August 2022 9 August 2022
------------------------------- ---------------------------------- ---------------------------------
f) Place of the Outside a trading venue Outside a trading venue
Transaction
-------------------------------- ---------------------------------- ---------------------------------
For further information, please contact:
The Property Franchise Group PLC Gareth Samples, Chief Executive Officer David Raggett, Chief Financial Officer 01202 405549 Canaccord Genuity Limited (Nominated Adviser and Broker) Max Hartley Tom Diehl 0207 523 8000 Alma PR Susie Hudson Justine James Joe Pederzolli 0203 405 0209
About The Property Franchise Group PLC:
The Property Franchise Group PLC (AIM: TPFG) is the largest property franchisor in the UK and manages the second largest estate agency network and portfolio of lettings properties in the UK.
The Company was founded in 1986 and has since grown to a diverse portfolio of nine brands operating throughout the UK, comprising longstanding high-street focused brands and a hybrid, no sale no fee agency.
The Property Franchise Group's brands are Martin & Co, EweMove, Hunters, CJ Hole, Ellis & Co, Parkers, Whitegates, Mullucks & Country Properties.
Headquartered in Bournemouth, UK, the Company was listed on AIM on the London Stock Exchange in 2013. More information is available at www.propertyfranchise.co.uk
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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END
DSHBSGDIXSGDGDI
(END) Dow Jones Newswires
August 09, 2022 02:00 ET (06:00 GMT)
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