Additional disclosure following statement

RNS Number : 4158V

Purplebricks Group PLC

30 January 2017

 

30 January 2017

Purplebricks Group plc

Additional disclosure following statement of 27 January

Purplebricks Group plc (AIM: PURP) ("Purplebricks"), the hybrid estate agent providing a new way to buy, sell or let property, provides additional comment further to its announcement of 27 January 2017.

As noted in the interim results announcement, the Company entered 2017 in its strongest positon ever with significantly increased LPE capacity, substantial growth in brand awareness, record instructions, sales and revenue together with a more advanced infrastructure.

The Board confirms that, as expected with the start to the calendar year, the Company has seen record monthly valuations and instructions activity in January (as mentioned in a tweet by the Company on 26 January). 

As expectations are for trading to show year-on-year instruction growth, the record level of valuations and instructions in January is in line with such expectations.    

The Board reconfirms that the Company has had a good start to the calendar year and, with a number of key months ahead of us, its expectations for the financial year ending 30 April 2017 remain unchanged. 

Enquiries:

Purplebricks	[phone]
Michael Bruce, Neil Cartwright
Zeus Capital Limited	[phone]
Benjamin Robertson, Nicholas How
Peel Hunt	[phone]
Dan Webster
Investec	[phone]
Keith Anderson, Carlton Nelson
Instinctif Partners	[phone]
David Simonson, Mark Reed, George Yeomans

About Purplebricks

Purplebricks is the leading next generation estate agency in the UK and Australia that combines highly experienced and professional Local Property Experts and an innovative use of technology to help make the process of selling, buying or letting so much more convenient, transparent and cost effective. Purplebricks is transforming the way people perceive estate agents and estate agency.

 

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