Purplebricks Group PLC Result of General Meeting (5143B)

TIDMPURP

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     AGAINST     %age AGAINST     Total Votes      Withheld 
                                        FOR                                 Cast (excluding 
                                                                               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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END

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June 02, 2023 06:19 ET (10:19 GMT)

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