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TODAY'S OTHER NEWS

Purplebricks top brass at centre of large-scale share transactions

Purplebricks has revealed that it’s given its new global chief operating officer 700,000 shares - valued at around £165p each that adds up to a cool £1.1m welcome present for Vic Darvey.

The announcement came yesterday in a statement to shareholders and the London Stock Exchange. 

Darvey - whose appointment was announced at the end of last year - joins Purplebricks from MoneySupermarket Group where he led its three best known brands: MoneySuperMarket, TravelSupermarket and MoneySavingExpert. 

His dealing is not the only share activity involving Purplebricks’ senior management in recent weeks.

On Christmas Eve the hybrid agency’s global chief executive Michael Bruce spent around £249,000 buying 167,925 shares at their then-price of £1.48p each. 

Michael Bruce now owns some 11 per cent of the company. 

Since Christmas the Purplebricks share price has performed rather better. 

While it sank down to 131.5p on December 13 and started the Christmas break on 148p, it has risen in post-holiday season trading, and is now around 165p.

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    so is this diluting the existing self employed agents share value!!!!

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