Purplebricks UK boss given option to subscribe for 100,000 shares

Share options have been granted to the CEO of Purplebricks in the UK.

Lee Wainwright has been given options to subscribe for 100,000 shares in the company.

The options were granted under the company’s share option plan for employees and have an exercise price of £4.15 – the closing price as at March 2.

However, the shares closed yesterday at around £3.64.

Meanwhile, at competitor agent Tepilo, Richard Desmond – former owner of the Express, which was recently sold to the Mirror – has filed a notice to say that he is no longer a person with significant control.

North & Shell Ventures, and Northern & Shell Media Group, owners of the Express, have also lodged notices to say they no longer have significant control of Tepilo. As yet, there are no further details.

EYE reported just before Christmas that Tepilo appeared to have been sold to Northern & Shell Ventures, and that founder Sarah Beeny was no longer a director.

EYE NEWSFLASH! Sarah Beeny no longer director of online agency Tepilo

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5 Comments

  1. Simon Bradbury

    Interesting… Does ANYONE have even “INSIGNIFICANT control” at Tepilo ?

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  2. JustPlainSavage04

    Madness the UK CEO is making over £400,000 from a none worthy share price and no profit!!!

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    1. PAG45

      He is not making £400k, he has 100,000 share options at a buy in price of £4.15 per share. With the current share price as it is he is currently in a minus figure. For him to make £400k the share price needs to go to £8.15, if he achieves that as CEO he is entitled to it I would say.

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  3. Moveaside01

    Has anyone ever read the ‘Fairy Tale’ The Emperors New Clothes?

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    1. AgencyInsider

      It is a favourite of PIE readers. We see versions of it on here almost every week of the year.

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