TIDMTPFG

RNS Number : 1359I

Property Franchise Group PLC (The)

06 August 2019

6 August 2019

THE PROPERTY FRANCHISE GROUP PLC

(the "Company" or the "Group")

Long-Term Incentive Plan

The Property Franchise Group PLC today announces that it has granted an option over new ordinary shares in the Company to its Chief Financial Officer under the TPFG Share Option Plan. The award recognises his role in guiding the Group from a strong financial base to develop and implement its strategic plans and is designed to continue to incentivise him accordingly.

As for prior awards, this award will be subject to the growth in the Company's adjusted earnings per share over the 3 years to 31 December 2021. Adjusted EPS growth of 15% over the period will be required for threshold vesting of the award, with adjusted EPS growth of 44% or higher required for all of the award to vest. There will be a straight-line sliding scale between these two points. None of the award will vest for adjusted EPS growth below 15% over the period.

The maximum award is stated below.

Name Position Number of ordinary shares

subject to awards

   David Raggett                          Chief Financial Officer              100,000

Immediately prior to these awards the Company's issued share capital was 25,822,750 Ordinary Shares and there were outstanding awards granted under this and a prior scheme over 2,274,800 Ordinary Shares of which 64,800 had vested but not been exercised.

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                        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 the                     Options over ordinary shares of 1 
       financial instrument,                  penny each 
       type of instrument 
 
       Identification code                    ISIN: GB00BH0WFH67 
     --------------------------  --------------------------------------------- 
 b)   Nature of the transaction   Grant of nil cost options 
     --------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         100,000 
                                                ---------- 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          N/A - single transaction 
 
 
       - Price 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     6(th) August 2019 
     --------------------------  --------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ---------------------------------------------

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 (Nominated Adviser) 
  Julian Morse (Sales)                      0207 397 8900 
 Alma PR 
  Susie Hudson                                0203 865 
  Rebecca Sanders-Hewett                      9667 
  Sam Modlin                                  propertyfranchise@almapr.co.uk 
  Josh Royston

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DSHBSGDIGGGBGCL

(END) Dow Jones Newswires

August 06, 2019 10:05 ET (14:05 GMT)

Property Franchise (LSE:TPFG)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas Property Franchise.
Property Franchise (LSE:TPFG)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas Property Franchise.