REG - Property FranchiseGp - Issue of Equity & PDMR Shareholding

Property FranchiseAnnouncement

10/07/2023 18:30

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RNS Number : 5623F  Property Franchise Group PLC (The)  10 July 2023

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:

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Gareth Samples

 2    Reason for the notification

 a)   Position/status                                               Chief Executive 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  Ordinary shares of 1 penny each

      Identification code

                                                                   ISIN: GB 00BH0WFH67

 b)   Nature of the transaction                                    Sale of ordinary shares

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   271.0p    26,798
 d)   Aggregated information

      - Aggregated volume

                                                                   N/A (single transaction)

      - Price

 e)   Date of the transaction                                      10 July 2023

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

N/A (single transaction)

e)

 

Date of the transaction

 

10 July 2023

f)

 

Place of the transaction

Outside a trading venue

 

For further information, please contact:

 

 

 The Property Franchise Group PLC                                 01202 405549

 Gareth Samples, Chief Executive Officer

 David Raggett, Chief Financial Officer

 Canaccord Genuity Limited (Nominated Adviser and Joint Broker)  0207 523 8000

 Max Hartley

 Tom Diehl

 Singer Capital Markets (Joint Broker)                           020 7496 3000

 Rick Thompson

 James Fischer
 Alma PR                                                         020 3405 0205

 Justine James                                                   propertyfranchise@almapr.co.uk

 Joe Pederzolli

 Kinvara Verdon

 

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