20 Apr 2017 07:00
20 April 2017
Purplebricks Group plc
("Purplebricks" or the "Company")
Sale of Shares and PDMR notification
Purplebricks Group plc (AIM: PURP), the hybrid estate agent providing a new way to buy, sell or let property, has been notified that Nick Discombe, Senior Non-Executive Director, has today sold 1,600,000 ordinary shares of £0.01 each in the Company ("Ordinary Shares") at £3.00 per Ordinary Share. Following the sale of Ordinary Shares, Mr Discombe and his connected persons are beneficially interested in 4,812,788 Ordinary Shares, representing approximately 1.78 per cent. of the Company's issued share capital.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | 1. Nick Discombe | ||||
2 | Reason for the notification | |||||
a) | Position/status | 1. Senior Non-Executive Director | ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Purplebricks Group plc | ||||
b) | LEI | (Pending) | ||||
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 £0.01 each
ISIN: GB00BYV2MV74 | ||||
b) | Nature of the transaction | 1. Sale of shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | n/a
| ||||
e) | Date of the transaction | 19 April 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
For further information, please contact:
Purplebricks +44 (0) 20 7457 2020
Michael Bruce, Chief Executive
Neil Cartwright, Chief Financial Officer
Zeus Capital - Nominated Adviser +44 (0) 20 3829 5000
Nicholas How (Corporate Finance)
Pippa Underwood (Corporate Finance)
Ben Robertson (Corporate Broking)
Investec - Joint Broker +44 (0) 20 7597 5970
Keith Anderson
Carlton Nelson
Peel Hunt - Joint Broker +44 (0) 20 7418 8900
Dan Webster
Instinctif Partners +44 (0) 20 7457 2020
David Simonson
Mark Reed
George Yeomans
About Purplebricks
Purplebricks is the leading next generation estate agency in the UK that combines highly experienced and professional Local Property Experts and an innovative use of technology to help make the process of selling, buying or letting so much more convenient, transparent and cost effective. Purplebricks is transforming the way people perceive estate agents and estate agency.