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 192,400 ordinary shares of 1p each in the Company at a 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 192,400 new ordinary shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on 9 June 2017.
Following Admission, the Company will have 25,822,750 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
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
David Raggett |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Financial Officer |
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b) |
Initial notification /Amendment |
Initial |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
The Property Franchise Group PLC |
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b) |
LEI |
2138008J5PTJ8C77I535 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 1 penny each ISIN: GB00BH0WFH67 |
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b) |
Nature of the transaction |
Exercise of options |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
N/A - single transaction |
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e) |
Date of the transaction |
2 June 2017 |
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f) |
Place of the transaction |
Outside a trading venue |
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Ends
For further information, please contact:
The Property Franchise Group PLC 01202 292829
Ian Wilson, Chief Executive Officer
David Raggett, Chief Financial Office
Cenkos Securities plc 0207 397 8925
Max Hartley(Nomad) ,Alex Aylen (Sales)
Bell Pottinger 020 3772 2500
David Rydell, Henry Lerwill
This information is provided by RNS