REG - Property FranchiseGp - Grant of Options
RNS Number : 9904DProperty Franchise Group PLC (The)02 July 2021
02 July 2021
THE PROPERTY FRANCHISE GROUP PLC
(the "Company" or the "Group")
Grant of Options
Further to its announcement on 27 April 2021 regarding the proposed issuance of additional options, the Company announces that it has granted options over 425,500 ordinary shares in the Company ("Options") to certain employees and persons discharging managerial responsibilities ("PDMRs") under the TPFG Share Option Plan. The grants made to PDMRs are as follows:
PDMR
Position
Options granted (maximum number of shares subject to award)
Glynis Frew
Executive Director
50,000
Nick Neill
Managing Director of Hunters
46,500
These nil cost options are subject to the same performance conditions and targets as set for the Company's Chief Executive Officer and Chief Financial Officer and detailed in the 27 April 2021 announcement.
Following these grants, the Company has a total of 1,825,500 ordinary shares under option.
Further detail is provided below in accordance with Article 19.3 of the UK Market Abuse Regulation.
1
Details of the person discharging managerial responsibilities/person closely associated.
a)
Name:
Glynis Frew
Nick Neill
2
Reason for notification.
a)
Position/Status:
Executive Director
Managing Director EweMove
b)
Initial Notification/Amendment:
Initial Notification
Initial Notification
3
Details of the issuer, emission allowance market participation, auction platform,
auctioneer or auction monitor.
a)
Name:
The Property Franchise Group PLC
The Property Franchise Group PLC
b)
LEI:
2138008J5PTJ8C77I535
2138008J5PTJ8C77I535
4
Details of transaction(s);section to berepeated 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:
Ordinary Shares of
Ordinary Shares of
1p each
1peach
Identification code:
ISIN: GB00BH0WFH67
ISIN: GB00BH0WFH67
b)
Nature of transaction:
Grant of nil cost options
Grant of nil cost options
over Company's shares
over Company's shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Price(s)
Volume(s)
1p each
50,000
1p each
46,500
d)
Aggregated volume:
n/a
n/a
Price:
n/a
n/a
e)
Date of Transaction:
02 July 2021
02 July 2021
f)
Place of the Transaction
Outside a trading venue
Outside a trading venue
For further information, please contact:
The Property Franchise Group PLC
Gareth Samples, Chief Executive Officer
David Raggett, Chief Financial Officer
01202 405549
Cenkos Securities plc (Nominated Adviser and Broker)
Katy Birkin, Callum Davidson
Julian Morse, Alex Pollen, Dale Bellis (Sales)
0207 397 8900
Alma PR
Susie Hudson
Justine James
Harriet Jackson
0203 405 0209
About The Property Franchise Group PLC:
The Property Franchise Group PLC (AIM: TPFG) is the largest property franchisor in the UK and manages the second largest estate agency network and portfolio of lettings properties in the UK.
The Company was founded in 1986 and has since grown to a diverse portfolio of nine brands operating throughout the UK, comprising longstanding high-street focused brands and a hybrid, no sale no fee agency.
The Property Franchise Group's brands are Martin & Co, EweMove, Hunters, CJ Hole, Ellis & Co, Parkers, Whitegates, Mullucks & Country Properties.
Headquartered in Bournemouth, UK, the Company was listed on AIM on the London Stock Exchange in 2013. More information is available at www.propertyfranchise.co.uk
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