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REG - Property FranchiseGp - Issue of Equity & PDMR Shareholding




 



RNS Number : 1999Z
Property Franchise Group PLC (The)
19 May 2021
 

19 May 2021

The Property Franchise Group PLC

(the "Company") 

Issue of Equity & PDMR Shareholding

The Property Franchise Group (LON:TPFG), announces the issuance of 667,300 new ordinary shares of 1p each ("Ordinary Shares") pursuant to the exercise of options by certain employees and persons discharging managerial responsibilities ("PDMRs"). These options were exercised pursuant to the Company's Share Option Schemes. Of these 667,300 new ordinary shares issued, 131,756 have been sold by the recipients 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

Number of Ordinary Shares sold to EBT

Resultant holding in Company (shares)

Resultant percentage holding of enlarged issued share capital

David Raggett

Chief Financial Officer

225,000

1p

71,299

381,101

1.2%

Nick Neill

Managing Director

37,500

1p

8,512

34,988

0.1%

Kate Randall

Managing Director

37,500

1p

8,506

28,994

0.1%

An application has been made for the 667,300 new ordinary shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on 25 May 2021.

Following Admission, the Company will have 32,041,966 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:

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

David Raggett

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Financial Officer

 

b)

 

Initial notification /Amendment

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

The Property Franchise Group plc

b)

 

LEI

 

2138008J5PTJ8C77I535

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 of the financial instrument, type of instrument

 

Identification code

Options over ordinary shares of 1 penny each

 

 

GB00BH0WFH67 

 

b)

 

Nature of the transaction

 

Exercise of options over ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

Exercise price of 1p per share

225,000

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - single transaction

e)

 

Date of the transaction

 

17 May 2021

f)

 

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

David Raggett

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Financial Officer

 

b)

 

Initial notification /Amendment

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

The Property Franchise Group plc

b)

 

LEI

 

2138008J5PTJ8C77I535

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 of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 1 penny each

 

 

GB00BH0WFH67 

 

b)

 

Nature of the transaction

 

Sale of ordinary shares to company's employee benefit trust

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

264p per share

71,299

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - single transaction

e)

 

Date of the transaction

 

18 May 2021

f)

 

Place of the transaction

London Stock Exchange (AIM)

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Nick Neill

2

 

Reason for the notification

 

a)

 

Position/status

 

Managing Director & PDMR

 

b)

 

Initial notification /Amendment

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

The Property Franchise Group plc

b)

 

LEI

 

2138008J5PTJ8C77I535

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 of the financial instrument, type of instrument

 

Identification code

Options over ordinary shares of 1 penny each

 

 

GB00BH0WFH67 

 

b)

 

Nature of the transaction

 

Exercise of options over ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

Exercise price of 1p per share

37,500

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - single transaction

e)

 

Date of the transaction

 

17 May 2021

f)

 

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Nick Neill

2

 

Reason for the notification

 

a)

 

Position/status

 

Managing Director & PDMR

 

b)

 

Initial notification /Amendment

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

The Property Franchise Group plc

b)

 

LEI

 

2138008J5PTJ8C77I535

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 of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 1 penny each

 

 

GB00BH0WFH67 

 

b)

 

Nature of the transaction

 

Sale of ordinary shares to company's employee benefit trust

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

264p per share

8,512

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - single transaction

e)

 

Date of the transaction

 

18 May 2021

f)

 

Place of the transaction

London Stock Exchange (AIM)

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Kate Randall

2

 

Reason for the notification

 

a)

 

Position/status

 

Managing Director & PDMR

 

b)

 

Initial notification /Amendment

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

The Property Franchise Group plc

b)

 

LEI

 

2138008J5PTJ8C77I535

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 of the financial instrument, type of instrument

 

Identification code

Options over ordinary shares of 1 penny each

 

 

GB00BH0WFH67 

 

b)

 

Nature of the transaction

 

Exercise of options over ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

Exercise price of 1p per share

37,500

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - single transaction

e)

 

Date of the transaction

 

17 May 2021

f)

 

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Kate Randall

2

 

Reason for the notification

 

a)

 

Position/status

 

Managing Director & PDMR

 

b)

 

Initial notification /Amendment

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

The Property Franchise Group plc

b)

 

LEI

 

2138008J5PTJ8C77I535

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 of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 1 penny each

 

 

GB00BH0WFH67 

 

b)

 

Nature of the transaction

 

Sale of ordinary shares to company's employee benefit trust

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

 

264p per share

8,506

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A - single transaction

e)

 

Date of the transaction

 

18 May 2021

f)

 

Place of the transaction

London Stock Exchange (AIM)

 

Enquiries:

The Property Franchise Group PLC  

Gareth Samples, Chief Executive Officer

David Raggett, Chief Financial Officer

01202 292829

 

 

 

Cenkos Securities plc

Max Hartley (Nominated Adviser)

Julian Morse (Sales)

0207 397 8900

 

 

 

Alma PR

Susie Hudson 

Justine James

Harriet Jackson

 

0203 405 0205

propertyfranchise@almapr.co.uk

 

 

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