Purplebricks has applied to the London Stock Exchange for 7m new ordinary shares to be listed.
The application for the block listing was made on Friday and it is expected that admission will become effective on Wednesday this week.
The announcement says that the shares will be issued “from time to time” in order to satisfy the requirement to allot shares under Purplebricks’ employee share option plan, its licensees share option plan, and its management incentive scheme.
Comments (1)
Indicative of a company struggling to gain or retain experienced and quality staff?
If you had spent your agency career on a No Sale, No Fee basis, how would you feel about charging users for a service that either falls through or does not complete?
How would you deal with those upset users continually waring you down?
How would you feel about having to refer your sellers and buyers to conveyancing companies, who, as it appears by many poor reviews, make life so much more stressful for those users and yourself?
How can PB allot share options to its ‘self-employed’ licensees, what about their LPE’s?