TIDMTPFG

RNS Number : 0554H

Property Franchise Group PLC (The)

02 June 2017

THE PROPERTY FRANCHISE GROUP PLC

(the 'Company' or the 'Group')

Director Shareholding and Issue of Equity

The Property Franchise Group PLC, one of the UK's largest property franchises, announces that David Raggett, Chief Financial Officer, has exercised his option over 192,400 ordinary shares of 1p each in the Company at a price of 17.64 pence per share. These options were granted under the Company's Enterprise Management Incentive Share Option Plan.

An application has been made for 192,400 new ordinary shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on 9 June 2017.

Following Admission, the Company will have 25,822,750 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 and Transparency Rules.

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons

 
 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       Initial 
       /Amendment 
---  -------------------------  -------------------------------------- 
 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                        Ordinary shares of 1 penny 
       the financial                         each 
       instrument, type 
       of instrument 
                                             ISIN: GB00BH0WFH67 
       Identification 
       code 
---  -------------------------  -------------------------------------- 
 b)   Nature of the              Exercise of options 
       transaction 
---  -------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)      Volume(s) 
                                   ------------  ---------- 
                                    17.64p per 
                                     share        192,400 
                                   ------------  ---------- 
---  -------------------------  -------------------------------------- 
 d)   Aggregated information 
 
                                   N/A - single transaction 
       - Aggregated volume 
 
 
       - Price 
---  -------------------------  -------------------------------------- 
 e)   Date of the transaction    2 June 2017 
---  -------------------------  -------------------------------------- 
 f)   Place of the transaction   Outside a trading venue 
---  -------------------------  --------------------------------------

Ends

For further information, please contact:

   The Property Franchise Group PLC                 01202 292829

Ian Wilson, Chief Executive Officer

David Raggett, Chief Financial Office

   Cenkos Securities plc                                           0207 397 8925

Max Hartley(Nomad) ,Alex Aylen (Sales)

   Bell Pottinger                                                         020 3772 2500

David Rydell, Henry Lerwill

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUURSRBAANRAR

(END) Dow Jones Newswires

June 02, 2017 10:02 ET (14:02 GMT)

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