Savills PLC
28 November 2000
Acquisition of an interest in an internet property website operator
The Directors of Savills plc are pleased to announce the conditional agreement
by its subsidiary, FPDSavills Commercial Limited, for the acquisition of
1,153,846 shares in First Property Online Limited for a consideration of
£11,538, which will be satisfied in cash.
This acquisition is conditional upon the approval by shareholders of Hansom
Group PLC of its proposed acquisition of First Property Online Limited. As a
result of this acquisition, FPDSavills Commercial Limited will acquire 7.5% of
the issued share capital of Hansom Group PLC.
Justin Roberts, Director of Savills plc, commented:
'This investment reflects FPDSavills commitment to work with other agents and
with property owners to bring greater liquidity to the property market. This
will be achieved by harnessing technology to reduce costs and to widen sales
exposure for property transactions.'
Further enquiries, please contact:
Justin Roberts, Savills plc 020 7409 8777
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