Publication of Circular and Notice of GM

Purplebricks

23/11/2022 08:30

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RNS Number : 2741H  Purplebricks Group PLC  23 November 2022

23 November 2022

 

Purplebricks Group plc

 

("Purplebricks", the "Company" or the "Group")

 

Publication of Circular and Notice of General Meeting

 

 

Purplebricks Group plc, the UK's leading tech-led estate agency business, has
today published its circular to shareholders (the "Circular") and Notice of
General Meeting of the Company (the "Notice"), in response to the requisition
notice received from Huntress (CI) Nominees Limited, acting for and on behalf
of Lecram Holdings Limited ("Lecram"), as announced on 9 November 2022.

 

The General Meeting ("GM") will be held at 10.00 am on 19 December 2022 at the
offices of Norton Rose Fulbright LLP, 3 More London Riverside, London SE1 2AQ.

 

The following two ordinary resolutions will be proposed to shareholders for
consideration at the GM:

 

·      A resolution to remove Paul Pindar as a director of the Company;
and

 

·      A resolution to appoint Harry Hill as a director of the Company.

 

Shareholders are urged to vote on the requisitioned resolutions. The Board
unanimously recommends that you VOTE AGAINST both resolutions. Paul Pindar has
not participated in the recommendation as it relates to his own position as a
director of the Company.

 

Notice of the GM and the Circular, which contains the reasons why shareholders
should vote against the requisitioned resolutions, together with a letter from
Lecram, are being posted to shareholders today and will shortly be available
on the Company's website
at: www.purplebricksplc.com/investors/shareholder-information/shareholder-meetings
(http://www.purplebricksplc.com/investors/shareholder-information/shareholder-meetings)

The Company believes it has the support of a number of shareholders, notably
including Axel Springer, a 26.5% shareholder in the Company, which has
provided an irrevocable undertaking to vote against both resolutions.

 For further information, please contact:
 Purplebricks
 Helena Marston, Chief Executive Officer
 Peter Hewer, Director of Corporate Affairs                      + 44 (0)7709 326261
                                                                 peter.hewer@purplebricks.com (mailto:peter.hewer@purplebricks.com)

 Equitory, Investor Relations                                    investors@purplebricks.com (mailto:investors@purplebricks.com)

 Zeus (Nominated Adviser and Broker)
 Jamie Peel, Andrew Jones, James Hornigold (Investment Banking)  + 44 (0)20 3829 5000
 Ben Robertson (Corporate Broking)                               + 44 (0)20 3829 5000

 MHP Communications
 Alan Tovey                                                      +44 (0)7833 437044

 

About Purplebricks

Purplebricks is a leading technology-led estate agency business, based in the
UK. Purplebricks combines highly experienced and professional Local Property
Partners 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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