Business
Grant of options
The Property Franchise Group PLC has granted nominal cost options over 920,000 ordinary shares to executives and employees under its Share Option Plan, with 400,000 options awarded to CEO Gareth Samples, 100,000 to CFO Ben Dodds, and 40,000 to Executive Director Michelle Brook. These awards are subject to total shareholder return and adjusted earnings per share performance conditions over the three years ending December 31, 2028, with vesting thresholds set at 15% growth and full vesting at 30% growth for both metrics. All executive awards will also require a two-year post-exercise holding period. Disclaimer*
About this update from Property Franchise Group Plc
26 June 2026 THE PROPERTY FRANCHISE GROUP PLC ("TPFG", the "Company" or the "Group") Grant of Options The Property Franchise Group Plc (AIM:TPFG) the UK's largest multi-brand property franchisor announces that it has granted nominal cost options over 920,000 ordinary shares in the Company to certain executives and employees under the TPFG Share Option Plan. These awards recognise the significant contribution made by the recipients in developing and delivering the Group's strategic objectives and are intended to align their interests with those of shareholders through long-term incentive arrangements. Gareth Samples has served as Chief Executive Officer for over five years and has played a key role in the Group's growth and strategic development during that period. The Board believes that his continued leadership over the next three years will be important to the successful delivery of the Group's strategy. Reflecting this, Gareth has been granted an enhanced one-off award under the 2026 LTIP as opposed to a standard annual grant. The award covers performance over the three financial years ending 31 December 2028 and is intended to replace the awards that would ordinarily be granted under the 2027 and 2028 LTIP cycles. Accordingly, Mr Samples will not receive further LTIP awards in either 2027 or 2028. All awards will be subject to two performance conditions: total shareholder return ("TSR") and adjusted basic earnings per share adjusted for exceptional income/costs, amortisation arising on consolidation and share-based payment charges ("Adjusted EPS") over the three years to 31 December 2028. Each performance condition will apply to 50% of the awards being made. In respect of TSR, the award will be subject to absolute TSR growth of 15% to achieve threshold vesting (at which point 50% of this portion of the award will vest), rising to full vesting at 30% growth over the period. In respect of Adjusted EPS, threshold vesting (50%) will be achieved on adjusted EPS growth of 15% over the performance period, rising on a straight-line basis to full vesting at 30% growth. Straight-line vesting applies between the thresholds and all executive awards will be subject to a two-year post-exercise holding period, excluding any shares sold to meet tax liabilities on exercise. The maximum awards for the executives are stated below: Name Positio...
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