Publication of Circular and Notice of GM

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

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
	[e-mail]
Equitory, Investor Relations	[e-mail]
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	[phone]

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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