REG - Property FranchiseGp - Issue of Equity & PDMR Shareholdings

Property FranchiseAnnouncement

07/08/2024 15:45

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RNS Number : 6072Z  Property Franchise Group PLC (The)  07 August 2024

7 August 2024

 

THE PROPERTY FRANCHISE GROUP PLC

("TPFG", the "Company" or the "Group")

 

Issue of Equity & PDMR Shareholdings

The Property Franchise Group PLC, the UK's largest multi-brand property
franchisor, announces the issuance of 1,423,500 new ordinary shares of 1p each
("Ordinary Shares") pursuant to the exercise of options by a number of
employees, including two executive directors. These options were exercised
pursuant to the Company's Share Option Schemes issued in 2021 and recognise
the full achievement of the targets set.

Gareth Samples has sold 329,000 Ordinary Shares to the Company's employee
benefit trust ("EBT") and David Raggett has sold 188,000 Ordinary Shares to
the 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  700,000                                                           1p                                               329,000                                513,070                                0.80%
 David Raggett   Chief Financial Officer  400,000                                                           1p                                               188,000                                660,677                                1.04%

An application has been made for the 1,423,500 Ordinary Shares to be admitted
to trading on AIM ("Admission"). It is expected that Admission will occur on 9
August 2024.

Following Admission, the Company will have 63,752,008 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: GB00BH0WFH67
 b)   Nature of the transaction                                    (i)            Exercise of options

                                                                   (ii)           Sale of ordinary shares
 c)   Price(s) and volume(s)

Price(s)                        Volume(s)

                                                                   (i)            1p               (i)            700,000

                                                                   (ii)           454p             (ii)           329,000
 d)   Aggregated information

      - Aggregated volume                                          N/A (single transaction)

      - Price
 e)   Date of the transaction                                      7 August 2024
 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

- Aggregated volume

- Price

 

N/A (single transaction)

e)

Date of the transaction

7 August 2024

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  Ordinary shares of 1 penny each

      Identification code

                                                                   ISIN: GB00BH0WFH67
 b)   Nature of the transaction                                    (i)            Exercise of options

                                                                   (ii)           Sale of ordinary shares
 c)   Price(s) and volume(s)

Price(s)                        Volume(s)

                                                                   (i)            1p               (i)            400,000

                                                                   (ii)           454p             (ii)           188,000
 d)   Aggregated information

      - Aggregated volume                                          N/A (single transaction)

      - Price
 e)   Date of the transaction                                      7 August 2024
 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

- Aggregated volume

- Price

 

N/A (single transaction)

e)

Date of the transaction

7 August 2024

f)

Place of the transaction

Outside a trading venue

 

For further information, please contact:

 

 

 The Property Franchise Group PLC                                 01202 405 549

 Gareth Samples, Chief Executive Officer

 David Raggett, Chief Financial Officer

 Canaccord Genuity Limited (Nominated Adviser and Joint Broker)    020 7523 8000

 Max Hartley

 Harry Rees

 Singer Capital Markets (Joint Broker)                             020 7496 3000

 Rick Thompson

 James Fischer

 Alma Strategic Communications                                     020 3405 0209

 Justine James                                                    propertyfranchise@almastrategic.com

 Joe Pederzolli

 Kinvara Verdon

 

About The Property Franchise Group PLC:

 

The Property Franchise Group PLC (AIM: TPFG) is the UK's largest multi-brand
property franchisor, with a network of over 1,900 outlets delivering high
quality services to residential clients, combined with an established
Financial Services business.

 

The Company was founded in 1986 and has since strategically grown to a diverse
portfolio of 18 brands operating throughout the UK, comprising longstanding
high-street focused brands and two hybrid brands. The Property Franchise Group
is also a member of two leading mortgage networks through its mortgage
brokers, Brook Financial (MAB) and The Mortgage Genie (Primis).

 

TPFG's brands are: Belvoir, CJ Hole, Country Properties, Ellis & Co,
EweMove, Fine & Country, Hunters, Lovelle, Martin & Co, Mr and Mrs
Clarke, Mullucks, Newton Fallowell, Nicholas Humphreys, Northwood, Parkers,
The Guild of Property Professionals and Whitegates.

 

Headquartered in Bournemouth, the Company was listed on AIM on the London
Stock Exchange in 2013 and entered the AIM 100 in July 2024.

 

More information is available at www.propertyfranchise.co.uk
(http://www.propertyfranchise.co.uk/)

 

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