Holdings in Zoopla Property Group PLC

RNS Number : 1269K

LSL Property Services

16 September 2016

 

16 September 2016

LSL Property Services plc

Holdings in Zoopla Property Group PLC

LSL Property Services plc ("LSL") announces that it has sold in aggregate 7,780,000 ordinary shares in Zoopla Property Group PLC ("Zoopla") at an average price of £3.20 between the period from 20^th July 2016 to 16^th September 2016. 

Following the disposal, LSL holds 3,533,786 of Zoopla's ordinary shares, representing 0.8% of Zoopla's ordinary share capital.

The proceeds of the disposal will be used to reduce corporate indebtedness and for other general corporate purposes.

This announcement is made in accordance with Listing Rule 10.4.1.

For further information contact:

Ian Crabb, Group Chief Executive Officer
Adam Castleton, Group Finance Director
LSL Property Services plc	0207 382 0360

Notes on LSL:

LSL is a leading provider of residential property services to its key customer groups.  Services to consumers include: residential sales, lettings, surveying, conveyancing and advice on mortgages and non-investment insurance products. Services to mortgage lenders include: valuations and panel management services, asset management and property management services. For further information, please visit LSL's website: www.lslps.co.uk

 

END

 

 

MSCZMGMLVVDGVZM