Purplebricks Group PLC Sale of Shares and PDMR notification (4792S)
December 21 2016 - 6:00AM
UK Regulatory
TIDMPURP
RNS Number : 4792S
Purplebricks Group PLC
21 December 2016
21 December 2016
Purplebricks Group plc
("Purplebricks" or the "Company")
Sale of Shares and PDMR notification
Purplebricks Group plc (AIM: PURP), the hybrid estate agent
providing a new way to buy, sell or let property, announces that
786,107 ordinary shares of GBP0.01 each in the Company ("Ordinary
Shares") were sold on 20 December 2016 at GBP1.48 per Ordinary
Share by certain employees of the Company who are persons
discharging managerial responsibilities.
David Kavanagh, Chief Technology Officer, David Shepherd, Chief
Information Officer, and Matthew Farrow, Finance Director, who are
each considered to be a person discharging managerial
responsibilities, have sold 101,502 Ordinary Shares, 84,589
Ordinary Shares and 600,016 Ordinary Shares, respectively.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------
a) Name 1. David Kavanagh
2. David Shepherd
3. Matthew Farrow
--- ------------------ ---------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------
a) Position/status 1. Chief Technology Officer
2. Chief Information Officer
3. Finance Director
--- ------------------ ---------------------------------------
b) Initial Initial notification
notification
/Amendment
--- ------------------ ---------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------
a) Name Purplebricks Group plc
--- ------------------ ---------------------------------------
b) LEI (Pending)
--- ------------------ ---------------------------------------
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 Ordinary Shares of GBP0.01 each
of the financial
instrument, ISIN: GB00BYV2MV74
type of
instrument
Identification
code
--- ------------------ ---------------------------------------
b) Nature of 1. Sale of shares
the transaction 2. Sale of shares
3. Sale of shares
--- ------------------ ---------------------------------------
c) Price(s) Price No. of
and volume(s) shares
----------------- -----------------
1. GBP1.48 1. 101,502
2. GBP1.48 2. 84,589
3. GBP1.48 3. 600,016
----------------- -----------------
--- ------------------ ---------------------------------------
d) Aggregated Sale of shares volume: 786,107
information Weighted average price: GBP1.48
- Aggregated
volume
- Price
--- ------------------ ---------------------------------------
e) Date of 20 December 2016
the transaction
--- ------------------ ---------------------------------------
f) Place of London Stock Exchange, AIM
the transaction
--- ------------------ ---------------------------------------
For further information, please contact:
Purplebricks +44 (0) 20 7457 2020
Michael Bruce, Chief Executive
Neil Cartwright, Chief Financial Officer
Zeus Capital - Nominated Adviser +44 (0) 20 3829 5000
Nicholas How (Corporate Finance)
Pippa Underwood (Corporate Finance)
Ben Robertson (Corporate Broking)
Investec - Joint Broker +44 (0) 20 7597 5970
Keith Anderson
Carlton Nelson
Peel Hunt - Joint Broker +44 (0) 20 7418 8900
Dan Webster
Instinctif Partners +44 (0) 20 7457 2020
David Simonson
Mark Reed
George Yeomans
About Purplebricks
Purplebricks is the leading next generation estate agency in the
UK that combines highly experienced and professional Local Property
Experts and an innovative use of technology to help make the
process of selling, buying or letting so much more convenient,
transparent and cost effective. Purplebricks is transforming the
way people perceive estate agents and estate agency.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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