10 July 2023
The Property Franchise Group PLC
(the "Company")
Issue of Equity & PDMR Shareholding
The Property Franchise Group (LON:TPFG), announces the issuance of 213,041 new ordinary shares of 1p each ("Ordinary Shares") pursuant to the exercise of options by its two executive directors.
These options were exercised pursuant to the Company's Share Option Schemes and Deferred Bonus Plan. In the case of the Share Option Schemes, the options were issued in 2020 and recognise the full achievement of the targets set.
Gareth Samples has sold 26,798 ordinary shares to the Company's employee benefit trust ("EBT") in order to meet certain PAYE tax liabilities arising upon exercise of the options.
The PDMRs who exercised options were as follows:
|
PDMR |
Role |
Number of Ordinary Shares acquired following exercise of options |
Exercise price per Share (Share Option Schemes) |
Number of Ordinary Shares sold to EBT |
Resultant holding in Company (shares) |
Resultant percentage holding of enlarged issued share capital |
|
Gareth Samples |
Chief Executive Officer |
159,868 |
1p |
26,798 |
142,070 |
0.4% |
|
David Raggett |
Chief Financial Officer |
53,173 |
1p |
Nil |
448,274 |
1.4% |
An application has been made for the 213,041 new ordinary shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on 13 July 2023.
Following Admission, the Company will have 32,255,007 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 Guidance and Transparency Rules.
Further information is provided below in accordance with Article 19(3) of the EU Market Abuse Regulation No 596/2014:
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Gareth Samples |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive 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: GB 00BH0WFH67 |
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b) |
Nature of the transaction |
Sale of ordinary shares |
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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 |
10 July 2023 |
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f) |
Place of the transaction |
Outside a trading venue |
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For further information, please contact:
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The Property Franchise Group PLC Gareth Samples, Chief Executive Officer David Raggett, Chief Financial Officer |
01202 405549 |
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Canaccord Genuity Limited (Nominated Adviser and Joint Broker) Max Hartley Tom Diehl |
0207 523 8000 |
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Singer Capital Markets (Joint Broker) Rick Thompson James Fischer |
020 7496 3000 |
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Alma PR Justine James Joe Pederzolli Kinvara Verdon |
020 3405 0205 propertyfranchise@almapr.co.uk |
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