Purplebricks has announced to the stock market that share options have been taken up by “certain” employees.
The note does not say who they are or how many.
The employees have altogether subscribed for 162,413 shares, paying an exercise price of £0.1293 per share.
Following the exercise of the options, an application has been made to the London Stock Exchange for 162,413 new ordinary shares to be admitted to trading on AIM.
It is expected that this admission will become effective this Friday (August 19).
The company’s issued ordinary share capital following admission will be 245,094,849 ordinary shares.
Yesterday, shares in Purplebricks finished the day at 135p.
So they got them at 13p and can sell them for £1.35
10x profit no brainer
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