Top estate agent executive spends £48,000 on TPFG shares
TPFG Executive Director Michelle Brook increases her shareholding at a time when the group is growing rapidly following the purchase of Belvoir.
One of the estate agency industry’s top executives has increased her shareholding in the company she works for as its revenues rocket.
Executive Director Michelle Brook (main image) purchased 10,000 ordinary shares in TPFG at a price of £4.80 per share, increasing her interest to 218,968 ordinary shares worth today some £1 million.
The announcement comes a few months after TPFG (The Property Franchise Group) announced big shareholding incentives for its top executives.
Financial goals
CEO Gareth Samples and CFO Ben Dodds plus Brook could collect more than 500,000 shares between them.
If the group reaches its financial goals, Samples could earn 250,000 shares, Dodds 200,000 and Brook 100,000, which at the time of the announcement in July was worth £2.53 million between them.
In August, TPFG revealed its total revenue leapt 50% in H1 as acquisitions Belvoir and GPEA added to its income.
Headed up
Brook headed up Belvoir’s financial services division when the agency was purchased by TPFG last year, and she has continued in that role.
She previously worked for the Mortgage Advice Bureau, before setting up her own business and building it into a network of 32 advisers and selling to the Belvoir Group in 2017.
Largest
TPFG, which claims to be the UK’s ‘largest multi-brand property franchisor’, also bought The Guild and Fine & Country’s parent company, GPEA, last year.
Probably best known for owning national chain Martin & Co alongside Belvoir, the group has also picked up Hunters, Northwood and Ewemove in recent years.
