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    MCO   GB00BH0WFH67

THE PROPERTY FRANCHISE GROUP PLC

(MCO)
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Property Franchise : Amendment to Option Scheme and grant to PDMR

08/01/2018 | 02:14am EST

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)

Price(s)

Volume(s)

Nil

1,000,000

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)

Price(s)

Volume(s)

Nil

500,000

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)

Price(s)

Volume(s)

Nil

150,000

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)

Price(s)

Volume(s)

Nil

150,000

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)

Price(s)

Volume(s)

Nil

5,000

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)

Price(s)

Volume(s)

Nil

150,000

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

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


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