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By LSE RNS

RNS Number : 9134Q
Property Franchise Group PLC (The)
15 September 2017
 

THE PROPERTY FRANCHISE GROUP PLC

 

(the "Company" or the "Group")

 

 Grant of Options

 

The Property Franchise Group, one of the UK's largest property franchises, announces that it has granted options over new ordinary shares in the Company to certain of its management team under the Company's new TPFG Share Option Plan.  These awards recognise each of their roles in developing and implementing the Company's strategic plans and are designed to continue to incentivise them appropriately.

 

The awards will be subject to the growth in the Company's basic earnings per share, excluding exceptional income/costs and share based payments ("adjusted EPS") over the 3 years to 31 December 2019. Adjusted EPS growth of 15% over the period will be required for threshold vesting of the awards, with adjusted EPS growth of 44% or higher required for all of the awards to vest. There will be a straight line sliding scale between these two points. None of the awards will vest for adjusted EPS growth below 15% over the period.

 

The maximum awards are stated below.

 

Name

Position

Number of shares subject to awards




Ellie Hall

Managing Director Martin & Co                         

150,000

Graham Lock

Managing Director Xperience and Whitegates 

150,000

Nick Neill

Managing Director Ewemove                            

150,000

Kate Toland

Marketing Director

150,000

Christopher Varley

Company Secretary

5,000




 

 

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:




Ellie Hall



Graham Lock

2

Reason for notification.







a)

Position/Status:



Managing Director Martin & Co.


Managing Director Xperience and Whitegates

b)

Initial Notification/Amendment:


Initial Notification


Initial Notification

3

Details of the issuer, emission allowance market participation, auction platform,


auctioneer or auction monitor.







a)

Name:




The Property Franchise Group PLC


The Property Franchise Group PLC

b)

LEI:




2138008J5PTJ8C77I535

 



2138008J5PTJ8C77I535

 


4

Details of transaction(s);section to berepeated 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:

Ordinary Shares of


Ordinary Shares of






1 pence each


1 pence each


Identification code:



ISIN: GB00BH0WFH67


ISIN: GB00BH0WFH67

b)

Nature of transaction:



Grant of nil cost options


Grant of nil cost options






over Company's shares


over Company's shares

c)

Price(s) and volume(s)


Price(s)

Volume(s)


Price(s)

Volume(s)






1 pence each

150,000


1 pence each

150,000

d)

Aggregatted volume:



n/a



n/a



Price:




n/a



n/a


e)

Date of Transaction:



14 September 2017


14 September 2017

f)

Place of the Transaction


Outside a trading venue


Outside a trading venue

 

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated.

a)

Name:




Nick Neill



Kate Toland

2

Reason for notification.







a)

Position/Status:



Managing Director Ewemove


Marketing Director

b)

Initial Notification/Amendment:


Initial Notification


Initial Notification

3

Details of the issuer, emission allowance market participation, auction platform,


auctioneer or auction monitor.







a)

Name:




The Property Franchise Group PLC


The Property Franchise Group PLC

b)

LEI:




2138008J5PTJ8C77I535

 



2138008J5PTJ8C77I535

 


4

Details of transaction(s);section to berepeated 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:

Ordinary Shares of


Ordinary Shares of






1 pence each


1 pence each


Identification code:



ISIN: GB00BH0WFH67


ISIN: GB00BH0WFH67

b)

Nature of transaction:



Grant of nil cost options


Grant of nil cost options






over Company's shares


over Company's shares

c)

Price(s) and volume(s)


Price(s)

Volume(s)


Price(s)

Volume(s)






1 pence each

150,000


1 pence each

150,000

d)

Aggregatted volume:



n/a



n/a



Price:




n/a



n/a


e)

Date of Transaction:



14 September 2017


14 September 2017

f)

Place of the Transaction


Outside a trading venue


Outside a trading venue

 

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated.

a)

Name:




Christopher Varley




2

Reason for notification.







a)

Position/Status:



Company Secretary



b)

Initial Notification/Amendment:


Initial Notification



3

Details of the issuer, emission allowance market participation, auction platform,


auctioneer or auction monitor.







a)

Name:




The Property Franchise Group PLC



b)

LEI:




2138008J5PTJ8C77I535

 





4

Details of transaction(s);section to berepeated 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:

Ordinary Shares of








1 pence each




Identification code:



ISIN: GB00BH0WFH67



b)

Nature of transaction:



Grant of nil cost options








over Company's shares



c)

Price(s) and volume(s)


Price(s)

Volume(s)









1 pence each

5,000




d)

Aggregated volume:



n/a






Price:




n/a





e)

Date of Transaction:



14 September 2017



f)

Place of the Transaction


Outside a trading venue



 

 

 

 

For further information, please contact:

 

The Property Franchise Group PLC                      01202 292829

Ian Wilson, Chief Executive Officer

David Raggett, Chief Financial Officer

 

Cenkos Securities plc                                             0207 397 8925

Max Hartley(Nomad), Alex Aylen (Sales)

 

Bell Pottinger                                                        

David Rydell,                                                           020 3772 2500

Eve Kirmatzis                                                           07825 521527

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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