Purplebricks Group PLC Grant of options and PDMR notification (4304M)

TIDMPURP

RNS Number : 4304M

Purplebricks Group PLC

08 January 2019

For immediate release 8 January 2019

Purplebricks Group plc

("Purplebricks" or the "Company"

Grant of options and PDMR notification

Purplebricks Group plc (AIM: PURP), the world's leading hybrid estate agency, announces that on 7 January 2019 options to subscribe for an aggregate 700,000 ordinary shares of GBP0.01p each in the Company ("Ordinary Shares" and the "Options") were granted to Vic Darvey, Global Chief Operating Officer, a person discharging managerial responsibilities.

The Options have been granted under the Employee Share Option Plan and have an exercise price of GBP1.65, being the closing price of shares at 4 January 2019.

Other than the grant of the Options, neither Mr Darvey or his connected persons have any beneficial interest in the Ordinary Shares of the Company.

This announcement, including 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 
                                                  Vic Darvey 
      ---------------------------------------  -------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------- 
 a)    Position/status                          Global Chief Operating Officer 
      ---------------------------------------  -------------------------------------- 
 b)    Initial notification                     Initial 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 of the                       Ordinary Shares of GBP0.01 each 
        financial instrument, 
        type of instrument 
 
       Identification code                      ISIN: GB00BYV2MV74 
 
 b)    Nature of the transaction                Grant of options 
      ---------------------------------------  -------------------------------------- 
 c)    Price(s) and volume(s) 
                                                -----------------  ---------------- 
                                                 Price(s)           Volume(s) 
                                                -----------------  ---------------- 
    GBP1.65                                                         700,000 
   --------------------------------------------------------------  ---------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume 
   700,000 
  - Price                                  GBP1.65 
 
 e)    Date of the transaction                  7 January 2019 
      ---------------------------------------  -------------------------------------- 
 f)    Place of the transaction                 Outside a trading venue 
      ---------------------------------------  -------------------------------------- 
 

For further information, please contact:

Purplebricks

[phone]

James Davies (CFO and Company Secretary), Adam Kay (Head of Investor Relations)

Zeus Capital (NOMAD)

[phone]

Nicholas How, Benjamin Robertson

Peel Hunt (Broker)

[phone]

Dan Webster, George Sellar

Investec Bank (Broker)

[phone]

Keith Anderson, Carlton Nelson

Instinctif Partners

[phone]

David Simonson, Mark Reed, George Yeomans

About Purplebricks

Purplebricks is the world's leading hybrid real estate agency. Headquartered in the UK, it also operates in Australia, the US and Canada, and is invested in Homeday.de, the leading hybrid agent in Germany. Purplebricks combines highly experienced and professional Local Property Experts (US: Local Real Estate Experts) and innovative technology to help make the process of selling, buying or letting more convenient, transparent and cost effective.

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 [e-mail] or visit www.rns.com.

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January 08, 2019 02:00 ET (07:00 GMT)