THE PROPERTY FRANCHISE GROUP PLC The Property Franchise Group PLC
('TPFG', the 'Company' or the 'Group')
Amendment to Option Scheme and grant to PDMR
Further to the Company's announcements dated 9 June 2017 and 15 September 2017 regarding the implementation of the TPFG Share Option Plan (the 'Option Plan') and the grant of options to Ian Wilson and David Raggett and other PDMRs, the Company announces that the Board have agreed to roll the arrangements forward by one year, such that the performance period runs until 31 December 2020. The roll-forward has been structured as the grant to each individual of a new nil-cost option 'in parallel' to, and over the same number of shares as, the option originally granted to him or her so that: (1) if the option originally granted is exercised, the new option will lapse; and (2) if the new option is to be exercised, the original option must either have lapsed or been released. Therefore, the participant will only be able to benefit from one of the options granted to him or her. The other terms and the EPS growth hurdles are the same as for the original options.
New grant
The Company also announces that Louise Griffiths, a person discharging managerial responsibility (PDMR), has been granted a nil-cost option under the Option Plan over 150,000 shares which will vest subject to the satisfaction of the same performance target.
Further detail is provided below in accordance with Article 19.3 of the EU Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Ian Wilson | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive | ||||
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 ISIN: GB00BH0WFH67 | ||||
b) | Nature of the transaction | Grant of nil cost options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction | ||||
e) | Date of the transaction | 1st August 2018 | ||||
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 | Options over ordinary shares of 1 penny each ISIN: GB00BH0WFH67 | ||||
b) | Nature of the transaction | Grant of nil cost options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction | ||||
e) | Date of the transaction | 1st August 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Details of the person discharging managerial responsibilities / person closely associated | |||||
Name | Nick Neill | ||||
Reason for the notification | |||||
Position/status | PDMR - MD of EweMove | ||||
Initial notification /Amendment | Initial | ||||
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
Name | The Property Franchise Group PLC | ||||
LEI | 2138008J5PTJ8C77I535 | ||||
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 | |||||
Description of the financial instrument, type of instrument Identification code | Options over ordinary shares of 1 penny each ISIN: GB00BH0WFH67 | ||||
Nature of the transaction | Grant of nil cost options | ||||
Price(s) and volume(s) |
| ||||
Aggregated information - Aggregated volume - Price | N/A - single transaction | ||||
Date of the transaction | 1st August 2018 | ||||
Place of the transaction | Outside a trading venue | ||||
Details of the person discharging managerial responsibilities / person closely associated | |||||
Name | Kate Toland | ||||
Reason for the notification | |||||
Position/status | PDMR - Group Marketing Director | ||||
Initial notification /Amendment | Initial | ||||
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
Name | The Property Franchise Group PLC | ||||
LEI | 2138008J5PTJ8C77I535 | ||||
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 | |||||
Description of the financial instrument, type of instrument Identification code | Options over ordinary shares of 1 penny each ISIN: GB00BH0WFH67 | ||||
Nature of the transaction | Grant of nil cost options | ||||
Price(s) and volume(s) |
| ||||
Aggregated information - Aggregated volume - Price | N/A - single transaction | ||||
Date of the transaction | 1st August 2018 | ||||
Place of the transaction | Outside a trading venue | ||||
Details of the person discharging managerial responsibilities / person closely associated | |||||
Name | Christopher Varley | ||||
Reason for the notification | |||||
Position/status | PDMR - Company Secretary | ||||
Initial notification /Amendment | Initial | ||||
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
Name | The Property Franchise Group PLC | ||||
LEI | 2138008J5PTJ8C77I535 | ||||
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 | |||||
Description of the financial instrument, type of instrument Identification code | Options over ordinary shares of 1 penny each ISIN: GB00BH0WFH67 | ||||
Nature of the transaction | Grant of nil cost options | ||||
Price(s) and volume(s) |
| ||||
Aggregated information - Aggregated volume - Price | N/A - single transaction | ||||
Date of the transaction | 1st August 2018 | ||||
Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Louise Griffiths | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR - MD of Martin & Co | ||||
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 ISIN: GB00BH0WFH67 | ||||
b) | Nature of the transaction | Grant of nil cost options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction | ||||
e) | Date of the transaction | 1st August 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Ends
For further information, please contact:
The Property Franchise Group PLC Ian Wilson, Chief Executive Officer David Raggett, Chief Financial Officer | 01202 292829 | |
Cenkos Securities plc Max Hartley, Callum Davidson (Nominated Adviser) Julian Morse (Sales) | 0207 397 8900 | |
Alma PR Josh Royston Rebecca Sanders-Hewett Susie Hudson | 0203 865 9667 | |
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Disclaimer
Property Franchise Group plc published this content on 01 August 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 August 2018 06:12:13 UTC
