The information contained within this announcement is deemed by the Group to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014.
The Property Franchise Group PLC
('TPFG', the 'Company' or the 'Group')
Director/PCA Dealings
The Company has today been informed that Kathryn Martin, wife of Richard Martin, Chairman of TPFG, yesterday sold 1,300,000 ordinary shares of 1p each in the Company ('Ordinary Shares') at a gross price of 150.0p per share (before commissions). Following this sale, Richard and his wife have a total interest in 8,889,950 Ordinary Shares, representing, in total, approximately 34.43 per cent. of the Company's issued share capital.
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
Kathryn Martin
2
Reason for the notification
a)
Position/status
Person closely associated with Richard Martin, Chairman of The Property Franchise Group PLC
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
Sale of ordinary shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
147.75 p per share (net of commissions)
1,300,000
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
1 May 2019
f)
Place of the transaction
London Stock Exchange (XLON)
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
Rebecca Sanders-Hewett
Jessica Joynson
Susie Hudson
0203 865 9667
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Property Franchise Group plc published this content on 02 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 May 2019 11:37:07 UTC
The Property Franchise Group PLC is a United Kingdom-based multi-brand lettings and estate agency franchising company. The Company is engaged in the residential property franchise business. Its segments include Property Franchising and Financial Services. Its brands include Belvoir, CJ Hole, Country Properties, Ellis & Co, EweMove, Hunters, Lovelle, Martin & Co, Mr and Mrs Clarke, Mullucks, Newton Fallowell, Nicholas Humphreys, Northwood, Parkers and Whitegates. Belvoir is an estate agent and lettings agent. CJ Hole specializes in residential sales and lettings, as well as property investment. Ellis & Co is engaged in residential sales and lettings. EweMove is a hybrid estate and lettings agency. Martin & Co is a high street property franchise. Mullucks is an estate agent in Essex and Hertfordshire. Newton Fallowell is an estate agent across the Midlands. With branches situated in 930 locations around the United Kingdom, the Company manages around 152,000 tenanted properties.