REG - Property FranchiseGp - Issue of Equity & PDMR Shareholding
RNS Number : 1999ZProperty Franchise Group PLC (The)19 May 202119 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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