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
  -13.00 -4.44% 280.00 276.00 284.00 291.00 269.00 291.00 58,175 12:51:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 11.5 4.1 14.6 19.2 72

Property Franchise Group PLC (The) Replacement: Grant of Options

02/07/2021 1:45pm

UK Regulatory (RNS & others)

Property Franchise (LSE:TPFG)
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RNS Number : 0534E

Property Franchise Group PLC (The)

02 July 2021

The following amendment has been made to the 'Grant of Options' announcement released on 02 July at 10:00am under RNS No 9904D:

Correction in the first table to indicate Nick Neill's position as Managing Director of EweMove, which previously read Managing Director of Hunters.

All other details remain unchanged. The full amended text is shown below.

02 July 2021


(the "Company" or the "Group")

Grant of Options

Further to its announcement on 27 April 2021 regarding the proposed issuance of additional options, the Company announces that it has granted options over 425,500 ordinary shares in the Company ("Options") to certain employees and persons discharging managerial responsibilities ("PDMRs") under the TPFG Share Option Plan. The grants made to PDMRs are as follows:

 PDMR           Position                Options granted (maximum 
                                         number of shares subject 
                                         to award) 
 Glynis Frew    Executive Director      50,000 
               ----------------------  -------------------------- 
                Managing Director of 
 Nick Neill      EweMove                46,500 
               ----------------------  -------------------------- 

These nil cost options are subject to the same performance conditions and targets as set for the Company's Chief Executive Officer and Chief Financial Officer and detailed in the 27 April 2021 announcement.

Following these grants, the Company has a total of 1,825,500 ordinary shares under option.

Further detail is provided below in accordance with Article 19.3 of the UK Market Abuse Regulation.

       Details of the person discharging managerial responsibilities/person 
  1     closely associated. 
 a)    Name:                              Glynis Frew                         Nick Neill 
      ------------------------------     ----------------------  ----------  --------------------------------- 
  2    Reason for notification. 
      --------------------------------   ----------------------  ----------  ---------------------  ---------- 
 a)    Position/Status:                   Executive Director                  Managing 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 
                                          1p each                             1peach 
       Identification                     ISIN: GB00BH0WFH67                  ISIN: GB00BH0WFH67 
      -------------------------------    ----------------------------------  --------------------------------- 
 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) 
                                                                 ----------                         ---------- 
      1p each                                                        50,000   1p each                   46,500 
                                                                 ----------                         ---------- 
 d)    Aggregated                         n/a                                 n/a 
  Price:                                n/a                                   n/a 
 ---------------------------------     ------------------------  ----------  ---------------------  ---------- 
 e)    Date of Transaction:               02 July 2021                        02 July 2021 
      -------------------------------    ----------------------------------  --------------------------------- 
 f)    Place of the                       Outside a trading venue             Outside a trading venue 
      --------------------------------   ----------------------------------  --------------------------------- 

For further information, please contact:

 The Property Franchise Group PLC 
  Gareth Samples, Chief Executive Officer 
  David Raggett, Chief Financial Officer                  01202 405549 
 Cenkos Securities plc (Nominated Adviser and Broker) 
  Katy Birkin, Callum Davidson 
  Julian Morse, Alex Pollen, Dale Bellis (Sales)          0207 397 8900 
 Alma PR 
  Susie Hudson 
  Justine James 
  Harriet Jackson                                         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) Dow Jones Newswires

July 02, 2021 08:45 ET (12:45 GMT)

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