Director Shareholding and Issue of Equity

Released : 06 Apr 2017 16:41

RNS Number : 8524B
Property Franchise Group PLC (The)
06 April 2017
 

THE PROPERTY FRANCHISE GROUP PLC

(the 'Company' or the 'Group')

Director Shareholding and Issue of Equity

The Property Franchise Group PLC, one of the UK's largest property franchises, announces that David Raggett, Chief Financial Officer, has exercised his option over 200,000 ordinary shares of 1p each in the Company at a price of 17.64 pence per share. Furthermore, two employees have also exercised their option over a combined 129,600 ordinary shares of 1p each, at an exercise price of 17.64 pence per share. These options were granted under the Company's Enterprise Management Incentive Share Option Plan.

An application has been made for 329,600 new ordinary shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on 12 April 2017.

Following Admission, the Company will have 25,630,350 ordinary shares in issue admitted to trading on AIM. This figure may be used by shareholders as the denominator by which they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

 

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons

 

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 /Amendment

 

 

Initial

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 financial instrument, type of instrument

 

Identification code

 

 

Ordinary shares of 1 penny  each

 

 

ISIN: GB00BH0WFH67

 

b)

 

Nature of the transaction

 

 

Exercise of options

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

17.64p per share

 

200,000

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

N/A - single transaction

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

5 April 2017

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 Office

 

01202 292829

Cenkos Securities plc

Max Hartley(Nomad) ,Alex Aylen (Sales)

 

0207 397 8925

Bell Pottinger

David Rydell, Henry Lerwill

 

 

020 3772 2500

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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