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TPFG Property Franchise Group Plc (the)

400.00
-1.00 (-0.25%)
Last Updated: 12:17:56
Delayed by 15 minutes
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
  -1.00 -0.25% 400.00 395.00 405.00 400.00 395.00 395.00 18,088 12:17:56
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 27.16M 7.23M 0.2256 17.73 128.17M

Property Franchise Group PLC (The) Amendment to Option Scheme and grant to PDMR (3913W)

01/08/2018 7:05am

UK Regulatory


Property Franchise (LSE:TPFG)
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From May 2019 to May 2024

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TIDMTPFG

RNS Number : 3913W

Property Franchise Group PLC (The)

01 August 2018

The Property Franchise Group PLC

("TPFG", the "Company" or the "Group")

Amendment to Option Scheme and grant to PDMR

Further to the Company's announcements dated 9 June 2017 and 15 September 2017 regarding the implementation of the TPFG Share Option Plan (the "Option Plan") and the grant of options to Ian Wilson and David Raggett and other PDMRs, the Company announces that the Board have agreed to roll the arrangements forward by one year, such that the performance period runs until 31 December 2020. The roll-forward has been structured as the grant to each individual of a new nil-cost option "in parallel" to, and over the same number of shares as, the option originally granted to him or her so that: (1) if the option originally granted is exercised, the new option will lapse; and (2) if the new option is to be exercised, the original option must either have lapsed or been released. Therefore, the participant will only be able to benefit from one of the options granted to him or her. The other terms and the EPS growth hurdles are the same as for the original options.

New grant

The Company also announces that Louise Griffiths, a person discharging managerial responsibility (PDMR), has been granted a nil-cost option under the Option Plan over 150,000 shares which will vest subject to the satisfaction of the same performance target.

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

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Ian Wilson 
     --------------------------  --------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status             Chief Executive 
     --------------------------  --------------------------------------------- 
 b)   Initial notification        Initial 
       /Amendment 
     --------------------------  --------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                        The Property Franchise Group PLC 
     --------------------------  --------------------------------------------- 
 b)   LEI                         2138008J5PTJ8C77I535 
     --------------------------  --------------------------------------------- 
 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 of the                     Options over ordinary shares of 1 
       financial instrument,                  penny each 
       type of instrument 
 
       Identification code                    ISIN: GB00BH0WFH67 
     --------------------------  --------------------------------------------- 
 b)   Nature of the transaction   Grant of nil cost options 
     --------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         1,000,000 
                                                ---------- 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          N/A - single transaction 
 
 
       - Price 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     1(st) August 2018 
     --------------------------  --------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  --------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        David Raggett 
     --------------------------  --------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status             Chief Financial Officer 
     --------------------------  --------------------------------------------- 
 b)   Initial notification        Initial 
       /Amendment 
     --------------------------  --------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                        The Property Franchise Group PLC 
     --------------------------  --------------------------------------------- 
 b)   LEI                         2138008J5PTJ8C77I535 
     --------------------------  --------------------------------------------- 
 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 of the                     Options over ordinary shares of 1 
       financial instrument,                  penny each 
       type of instrument 
 
       Identification code                    ISIN: GB00BH0WFH67 
     --------------------------  --------------------------------------------- 
 b)   Nature of the transaction   Grant of nil cost options 
     --------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         500,000 
                                                ---------- 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          N/A - single transaction 
 
 
       - Price 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     1(st) August 2018 
     --------------------------  --------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  --------------------------------------------- 
 
 
 Details of the person discharging managerial responsibilities 
  / person closely associated 
 Name                        Nick Neill 
                            --------------------------------------------- 
 Reason for the notification 
 Position/status             PDMR - MD of EweMove 
                            --------------------------------------------- 
 Initial notification        Initial 
  /Amendment 
                            --------------------------------------------- 
 Details of the issuer, emission allowance market participant, 
  auction platform, auctioneer or auction monitor 
 Name                        The Property Franchise Group PLC 
                            --------------------------------------------- 
 LEI                         2138008J5PTJ8C77I535 
                            --------------------------------------------- 
 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 
 Description of the                     Options over ordinary shares of 1 
  financial instrument,                  penny each 
  type of instrument 
 
  Identification code                    ISIN: GB00BH0WFH67 
                            --------------------------------------------- 
 Nature of the transaction   Grant of nil cost options 
                            --------------------------------------------- 
 Price(s) and volume(s)        Price(s)    Volume(s) 
                                Nil         150,000 
                                           ---------- 
                            --------------------------------------------- 
 Aggregated information 
 
  - Aggregated volume          N/A - single transaction 
 
 
  - Price 
                            --------------------------------------------- 
 Date of the transaction     1(st) August 2018 
                            --------------------------------------------- 
 Place of the transaction    Outside a trading venue 
                            --------------------------------------------- 
 
 
 Details of the person discharging managerial responsibilities 
  / person closely associated 
 Name                        Kate Toland 
                            --------------------------------------------- 
 Reason for the notification 
 Position/status             PDMR - Group Marketing Director 
                            --------------------------------------------- 
 Initial notification        Initial 
  /Amendment 
                            --------------------------------------------- 
 Details of the issuer, emission allowance market participant, 
  auction platform, auctioneer or auction monitor 
 Name                        The Property Franchise Group PLC 
                            --------------------------------------------- 
 LEI                         2138008J5PTJ8C77I535 
                            --------------------------------------------- 
 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 
 Description of the                     Options over ordinary shares of 1 
  financial instrument,                  penny each 
  type of instrument 
 
  Identification code                    ISIN: GB00BH0WFH67 
                            --------------------------------------------- 
 Nature of the transaction   Grant of nil cost options 
                            --------------------------------------------- 
 Price(s) and volume(s)        Price(s)    Volume(s) 
                                Nil         150,000 
                                           ---------- 
                            --------------------------------------------- 
 Aggregated information 
 
  - Aggregated volume          N/A - single transaction 
 
 
  - Price 
                            --------------------------------------------- 
 Date of the transaction     1(st) August 2018 
                            --------------------------------------------- 
 Place of the transaction    Outside a trading venue 
                            --------------------------------------------- 
 
 
 Details of the person discharging managerial responsibilities 
  / person closely associated 
 Name                        Christopher Varley 
                            --------------------------------------------- 
 Reason for the notification 
 Position/status             PDMR - Company Secretary 
                            --------------------------------------------- 
 Initial notification        Initial 
  /Amendment 
                            --------------------------------------------- 
 Details of the issuer, emission allowance market participant, 
  auction platform, auctioneer or auction monitor 
 Name                        The Property Franchise Group PLC 
                            --------------------------------------------- 
 LEI                         2138008J5PTJ8C77I535 
                            --------------------------------------------- 
 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 
 Description of the                     Options over ordinary shares of 1 
  financial instrument,                  penny each 
  type of instrument 
 
  Identification code                    ISIN: GB00BH0WFH67 
                            --------------------------------------------- 
 Nature of the transaction   Grant of nil cost options 
                            --------------------------------------------- 
 Price(s) and volume(s)        Price(s)    Volume(s) 
                                Nil         5,000 
                                           ---------- 
                            --------------------------------------------- 
 Aggregated information 
 
  - Aggregated volume          N/A - single transaction 
 
 
  - Price 
                            --------------------------------------------- 
 Date of the transaction     1(st) August 2018 
                            --------------------------------------------- 
 Place of the transaction    Outside a trading venue 
                            --------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Louise Griffiths 
     --------------------------  --------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status             PDMR - MD of Martin & Co 
     --------------------------  --------------------------------------------- 
 b)   Initial notification        Initial 
       /Amendment 
     --------------------------  --------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                        The Property Franchise Group PLC 
     --------------------------  --------------------------------------------- 
 b)   LEI                         2138008J5PTJ8C77I535 
     --------------------------  --------------------------------------------- 
 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 of the                     Options over ordinary shares of 1 
       financial instrument,                  penny each 
       type of instrument 
 
       Identification code                    ISIN: GB00BH0WFH67 
     --------------------------  --------------------------------------------- 
 b)   Nature of the transaction   Grant of nil cost options 
     --------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         150,000 
                                                ---------- 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          N/A - single transaction 
 
 
       - Price 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     1(st) August 2018 
     --------------------------  --------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  --------------------------------------------- 
 

Ends

For further information, please contact:

 
 The Property Franchise Group PLC 
  Ian Wilson, Chief Executive Officer 
  David Raggett, Chief Financial Officer              01202 292829 
 Cenkos Securities plc 
  Max Hartley, Callum Davidson (Nominated Adviser) 
  Julian Morse (Sales)                                0207 397 8900 
 Alma PR 
  Josh Royston 
  Rebecca Sanders-Hewett 
  Susie Hudson                                          0203 865 9667 
 

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.

END

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August 01, 2018 02:05 ET (06:05 GMT)

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