Brief: Purplebricks Group Agrees Transfer Of Its Trading Business And Assets To Strike For Of £1

Purplebricks

17/05/2023 10:33

May 17 (Reuters) - Purplebricks Group PLC  PURP.L :
    * PURPLEBRICKS GROUP  - PROPOSED SALE OF BUSINESS AND ASSETS
TO
STRIKE LTD
    * PURPLEBRICKS GROUP PLC - COMPLETION OF STRATEGIC REVIEW,
TERMINATION OF  FORMAL SALE PROCESS
    * PURPLEBRICKS GROUP PLC - WITH EFFECT FROM COMPLETION OF
PROPOSED
SALE, HELENA MARSTON IS RESIGNING FROM HER ROLE AS CEO
    * PURPLEBRICKS GROUP- IN BEST INTERESTS OF CO, SHAREHOLDERS
TO
SEEK SHAREHOLDER APPROVAL TO CANCEL ADMISSION OF CO'S ORDINARY
SHARES TO TRADING ON AIM
    * PURPLEBRICKS - REST OF BOARD(OTHER THAN DOMINIQUE
HIGHFIELD)
INDICATED INTENTION TO STEP DOWN AFTER CANCELLATION OF ORDINARY
SHARES TO TRADING ON AIM
    * PURPLEBRICKS GROUP PLC - ENTRY INTO CONDITIONAL AGREEMENT
TO
EFFECT TRANSFER OF SUBSTANTIALLY  OF ITS TRADING BUSINESS AND
ASSETS TO STRIKE  FOR OF £1
    * PURPLEBRICKS GROUP PLC - IT IS ANTICIPATED THAT THERE WILL
BE
REDUCTIONS IN HEADCOUNT IN SHORT TERM AS PART OF A WIDER COST
REDUCTION IN BUSINESS

Source text for Eikon:  ID:nRSQ7212Za 
Further company coverage:  PURP.L 

 ((Reuters.Briefs@thomsonreuters.com;))