REG - Purplebricks Group - Result of General Meeting

PurplebricksAnnouncement

02/06/2023 11:30

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RNS Number : 5143B  Purplebricks Group PLC  02 June 2023

2 June 2023

Purplebricks Group plc

("Purplebricks" or the "Company")

Result of General Meeting

 

Purplebricks announces that, at the General Meeting held earlier today ("GM"),
all resolutions put forward to the Company's shareholders were duly passed.

The final voting position is shown below for each of the resolutions proposed
(inclusive of proxy votes cast prior to and at the general meeting). The full
text of the resolutions is contained in the Notice of General Meeting
published on 17 May 2023, which is available on the Company's website at
www.purplebricksplc.com.

 Resolution                                                                    FOR (*)      %age FOR  AGAINST     %age AGAINST  Total Votes Cast (excluding Withheld)  Withheld
 1.     Sale by the Company of its trading business and assets                 139,984,141  91.15%    13,586,716  8.85%         153,570,857                            59,924
 2.     The cancellation of the admission to trading on AIM                    130,973,052  85.29%    22,583,978  14.71%        153,557,030                            73,751
 3.     The registered name of the Company be changed to Bricks Newco PLC      131,039,991  85.33%    22,526,716  14.67%        153,566,707                            64,074
 4.     The Company be re-registered as a private limited company              130,981,037  85.30%    22,575,993  14.70%        153,557,030                            73,751

(*) includes discretionary votes.

Completion of Business and Asset Sale to Strike Bidco Limited ("Strike")

Following the passing of resolutions at the GM, completion of the business and
asset sale to Strike (further details of which were set out in the circular
posted to shareholders on 17 May 2023 (the "Circular") will take place today.
The net proceeds which are available for distribution to shareholders will be
distributed in due course as further explained in the Circular.

AIM Cancellation

As a consequence of the above, admission of the Company's ordinary shares of 1
pence each ("Ordinary Shares") to trading on AIM will be cancelled (the
"Cancellation").

The final day of trading on AIM of the Ordinary Shares will be 15 June 2023
and the Cancellation is expected to take place at 7:00 a.m. on 16 June 2023.

Change of Name

The Company's name will be changed to "Bricks Newco plc", the change is
expected to be made effective prior to the Cancellation.

Board Resignation

As previously announced on 17 May 2023, Helena Marston has resigned from her
role as CEO and a director of the Company with effect from today.

 

Further announcements will be made in due course.

 

 Enquiries

 For further information, please contact:
 Purplebricks
 Dominique Highfield (CFO)                         Via M7 Communications Ltd

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

 PricewaterhouseCoopers LLP (Financial Adviser)    +44 (0) 20 7583 5000
 Jon Raggett

 

 M7 Communications
 Mark Reed          + 44 (0) 7903 089 543

                    mark@m7communications.co.uk

 

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.

Notice related to financial adviser

Zeus Capital Limited, which is authorised and regulated by the Financial
Conduct Authority ("FCA") in the United Kingdom, is acting exclusively
for Purplebricks and for no one else in connection with the subject matter
of this announcement and will not be responsible to anyone other
than Purplebricks for providing the protections afforded to its clients or
for providing advice in connection with the subject matter of this
announcement.

PricewaterhouseCoopers LLP is authorised and regulated in the United Kingdom
by the FCA and is acting exclusively for the Purplebricks and for no one
else in connection with the subject matter of this announcement and will not
be responsible to anyone other than Purplebricks for providing the
protections afforded to its clients nor for providing advice in relation to
the subject matter of this announcement.

 

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