Brief: Purplebricks Group Receives Proposal From Lecram Holdings To Acquire Co

Purplebricks

26/05/2023 18:28

May 26 (Reuters) - Purplebricks Group PLC  PURP.L :
    * ANNOUNCEMENT REGARDING POSSIBLE OFFER
    * RECEIVED INDICATIVE PROPOSAL FROM LECRAM HOLDINGS LIMITED
TO
ACQUIRE ENTIRE ISSUED, AND TO BE ISSUED, SHARE CAPITAL OF
COMPANY
    * LECRAM'S PROPOSAL IS IN RESPECT OF A POSSIBLE OFFER AT A
PRICE
OF 0.5 PENCE PER PURPLEBRICKS SHARE IN CASH ( "PROPOSAL")
    * DOES NOT CURRENTLY CONSIDER THAT PROPOSAL REFLECTS AN
IMPROVEMENT ON PROPOSED SALE OF BUSINESS AND ASSETS TO STRIKE
LIMITED
    * BOARD CONTINUES TO RECOMMEND SHAREHOLDERS VOTE IN FAVOUR
RESOLUTIONS BEING PROPOSED AT ITS GENERAL MEETING ON 2 JUNE 2023

Source text for Eikon:  ID:nRSZ8625Aa 
Further company coverage:  PURP.L 

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