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
Identification code
|
Ordinary shares of 1 penny
each
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
(ii)
454p
|
(i)
700,000
(ii)
329,000
|
|
|
|
|
|
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
Identification code
|
Ordinary shares of 1 penny
each
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
(ii)
454p
|
(i)
400,000
(ii)
188,000
|
|
|
|
|
|
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
Gareth Samples, Chief Executive
Officer
David Raggett, Chief Financial
Officer
|
01202 405 549
|
|
|
Canaccord
Genuity Limited (Nominated Adviser and
Joint Broker)
Max Hartley
Harry Rees
|
020 7523 8000
|
|
|
|
|
|
|
Singer Capital
Markets (Joint Broker)
Rick Thompson
James Fischer
|
020 7496 3000
|
|
|
Alma Strategic
Communications
Justine James
Joe Pederzolli
Kinvara Verdon
|
020 3405 0209
propertyfranchise@almastrategic.com
|
|
|
|
|
| |
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