20 Mar 2018 09:59
20 March 2018
ZPG Plc
Share purchase to cover warrant exercises
ZPG Plc (LSE:ZPG) (the "Company") announces that, prior to its accounting period end on 31 March 2018, it has entered into an irrevocable, non‐discretionary programme with Jefferies International Limited to repurchase 590,000 ordinary shares of GBP 0.001 each in the capital of the Company (the "Shares") to satisfy the exercise of warrants. 1
The purchase of the Shares will commence immediately and end no later than 23 May 2018. The programme will be effected within certain pre‐set parameters, and in accordance with the Company's general authority to repurchase shares granted to the Company by shareholders at the AGM held on 30 January 2018, the EU Market Abuse Regulation (596/2014), the Commission Delegated Regulation (2016/1052) and Chapter 12 of the Financial Conduct Authority's Listing Rules. The Company confirms that it currently has no unpublished price sensitive information.
It is intended that the Shares bought back will be held in Treasury, until released as required, to satisfy warrant exercises.
1. Based on current share prices, the Company does not expect the programme to exceed £2.5m.
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For further information, please contact:
ZPG Plc
Ned Staple, General Counsel and Company Secretary - ned.staple@zpg.co.uk / 020 3872 5658Lawrence Hall, Director of Communications - lawrence.hall@zpg.co.uk / 020 3872 5653 Rachael Malcolm, Head of Investor Relations - rachael.malcolm@zpg.co.uk / 020 3872 5648
About ZPG Plc (www.zpg.co.uk)
ZPG Plc (LSE:ZPG) ("ZPG") owns and operates some of the UK's most trusted digital brands that help empower smarter property and household decisions including Zoopla, uSwitch, Money, PrimeLocation and SmartNewHomes. We are also one of the leading residential property data and software providers with a range of products including Hometrack, Calcasa, TechnicWeb, Ravensworth, Alto, Jupix, ExpertAgent, PropertyFile and MoveIT. Our websites and apps attract over 50 million visits per month and over 25,000 business partners use our services. ZPG was founded in 2007 and has a highly experienced management team, led by Founder & CEO, Alex Chesterman OBE.
Zoopla is the UK's most comprehensive property website, helping consumers to research the market and find their next home by combining hundreds of thousands of property listings with market data and local information.
uSwitch is the UK's leading comparison website for home services switching, helping consumers to find the best deal and save money on their gas, electricity, broadband, TV, phone, banking and other products.
Money is one of the UK's leading financial services comparison websites, helping consumers compare products including mortgages, loans, credit cards, bank accounts and insurance from more than 600 providers.
PrimeLocation is one of the UK's leading property websites, helping house-hunters in the middle/upper tiers of the market find their dream home from the top estate agents, letting agents and property developers.
SmartNewHomes is the UK's leading website dedicated exclusively to new homes, helping buyers understand the market and search for new build homes from all the leading property developers across the country.
Hometrack and Calcasa are leading providers of automated property valuations and statistical property market insights in the UK, the Netherlands and Australia to partners including mortgage lenders, developers, investors, government agencies, housing associations and others.
TechnicWeb is the UK's leading estate agency website design and hosting business specialising in designing and operating fully-responsive websites for the property sector.
Ravensworth is the UK's leading provider of print solutions to estate agents and offers a comprehensive range of products and services for every stage of the property marketing journey from listing through to post-sale.
Alto, Jupix and ExpertAgent are some of the leading cloud-based estate agency and property management software systems used by thousands of property professionals across the UK for the day-to-day management of inventory, marketing and communications.
PropertyFile and MoveIT are innovative tools used by estate agents to improve communication and efficiency with their customers and to allow them to generate additional revenue streams via referrals.