Completion of Acquisition of Duproprio/ComFree

RNS Number : 9764T

Purplebricks Group PLC

09 July 2018

 

9 July 2018

Completion of Acquisition of Duproprio/ComFree

Further to the announcement of 2 July 2018, Purplebricks Group plc (LSE: PURP) confirms that the acquisition of Duproprio/ComFree completed on 6 July.

Commenting on the acquisition, Michael Bruce, Global CEO of Purplebricks, said:

"Following the successful strategic investment of £125m in Purplebricks by Axel Springer we are pleased to have made this acquisition of what is the leading digital real estate business in Canada. We are excited to help them build upon the substantial market share they have achieved in Quebec and started to build in other parts of Canada."

Enquiries:

Purplebricks	[phone]
Michael Bruce, James Davies
Zeus Capital (NOMAD)	[phone]
Nicholas How, Benjamin Robertson
Peel Hunt (Broker)	[phone]
Dan Webster, George Sellar
Investec Bank (Broker)	[phone]
Keith Anderson, Carlton Nelson
Instinctif Partners	[phone]
David Simonson, Mark Reed, George Yeomans

For the purposes of this announcement, the terms Duproprio/ComFree shall mean Canadian corporation ByTheOwner Inc./DuProprio Inc., its holding company and the direct and indirect subsidiaries of such holding company.

The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any applicable requirements. This announcement has been prepared for the purposes of complying with the UK AIM Rules and MAR and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with laws and regulations of any jurisdiction outside of England.

 

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