21 Oct 2016 14:45
21 October 2016
Purplebricks Group plc
("Purplebricks" or the "Company")
Exercise of warrants
Purplebricks Group plc (AIM: PURP), the hybrid estate agent providing a new way to buy, sell or let property, announces that warrants to subscribe for 186,016 Ordinary Shares (the "Warrants") were today exercised by a Warrant holder, at an exercise price of 6.93 pence per Ordinary Share.
Pursuant to the exercise of the Warrants, an application has been made to the London Stock Exchange for 186,016 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 26 October 2016.
The Company's issued ordinary share capital following Admission will be 246,797,113 Ordinary Shares.
For further information, please contact:
Purplebricks Group plc +44 (0) 20 7457 2020
Michael Bruce, Chief Executive
Neil Cartwright, Chief Financial Officer
Zeus Capital Limited - Nominated Adviser and Joint Broker +44 (0) 20 3829 5000
Nicholas How (Corporate Finance)
Pippa Underwood (Corporate Finance)
Ben Robertson (Corporate Broking)
Peel Hunt - Joint Broker +44 (0) 20 7418 8900
Dan Webster
Instinctif Partners +44 (0) 20 7457 2020
David Simonson
Mark Reed
George Yeomans
About Purplebricks
Purplebricks is the leading next generation estate agency in the UK 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.