Directorate Changes

RNS Number : 9514J

Purplebricks Group PLC

17 April 2020

 

Purplebricks Group plc

("Purplebricks", the "Company")

Directorate Changes

Purplebricks Group plc (AIM: PURP), the UK's leading hybrid estate agency, today announces that Chief Financial Officer, James Davies, has advised the Board of his intention to resign from the Company and the Board effective from 8 May 2020. The Company is pleased to announce that Andrew Botha will be joining Purplebricks as Chief Financial Officer, effective from 11 May 2020 subject to the completion of the customary due diligence checks required by the AIM Rules.

Mr Botha joins from online travel group Secret Escapes and was previously Group CFO at ZPG, the digital media business that owns and operates some of the UK's most recognised online brands including digital property portal Zoopla, PrimeLocation, uSwitch and Money.co.uk.  From his time at Zoopla, Andrew has developed a strong understanding of the UK hybrid property market.  He has also worked for a number of other publicly quoted and privately-owned digital businesses, including Lastminute.com, Betfair and Notonthehighstreet.  Andrew has more than 25 years' business experience and brings with him an extensive background in corporate finance, financial planning and analysis, investor relations, strategic planning and risk management.

Paul Pindar, Chairman of Purplebricks, commented:  

"On behalf of the Board I would like to thank James for his hard work and dedication during his tenure at Purplebricks. We wish him the very best with his future endeavours. I am delighted to welcome Andy to the Board as Chief Financial Officer. Andy has a remarkable track record in growing digital businesses, and I look forward to working with him and the executive management team to execute Purplebricks's strategy."

James Davies commented:

"It has been an exceptional privilege to have been part of the growth and success of Purplebricks. I joined when it was a nascent challenger brand and today it ranks as the UK's largest estate agency by volume. I am proud to have been on that journey. Notwithstanding the current COVID-19 circumstances, the Company is in a strong financial position and ready for its exciting next stage of development and success."

The following information is disclosed in accordance with Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies:

Full name and age:	Andrew James Botha, aged 52
Current directorships:	Secret Escapes Limited
	Evr Holdings PLC
	Orange Grove Limited
	Geek Vintique Ltd
Former directorships (previous 5 years):	CFP Software Limited
	Core Estates Ltd
	Dot Zinc Holdings Limited
	Dot Zinc Limited
	Hometrack Data Systems Limited
	Hometrack.co.uk Limited
	Jupix Ltd
	Moveit Network Limited
	Notonthehighstreet Enterprises Limited
	Property Software Holdings Limited
	Property Software Limited
	PSG Webs Services Limited
	Ravensworth Printing Services Limited
	Real Estate Technology Limited
	Sia Limited
	Technicweb Limited
	Ulysses Enterprises Limited
	USwitch Limited
	Vebra Investments Limited
	Vebra Limited
	Vebra Solutions Limited
	W New Holdings Limited
	Websky Limited
	Zephyr Bidco Limited
	Zoopla Limited
	ZPG Comparison Services Holdings UK Limited
	ZPG Comparison Services Limited
	ZPG Limited
	ZPG Property Services Holdings UK Limited
	ZPG Property Services Limited

There is no further information required to be disclosed under Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.

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Purplebricks	[phone]
Vic Darvey, CEO
James Davies, CFO
Zeus Capital (NOMAD)	+ 44 (0)20 3829 5000
Daniel Harris, Nick Cowles
Citi	[phone]
Stuart Field, Robert Farrington
Peel Hunt	[phone]
Dan Webster, George Sellar
Buchanan	[phone]
David Rydell, Jamie Hooper, Kim van Beeck

About Purplebricks

Purplebricks is a leading estate agency business. Based in the UK, it also operates in Canada and is invested in Homeday.de in Germany. Purplebricks combines highly experienced and professional Local Property Experts and innovative technology to help make the process of selling, buying or letting more convenient, transparent and cost effective. Purplebricks shares are traded on the London Stock Exchange AIM market.

 

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