23 Nov 2017 15:26
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE")
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
23 November 2017
ZPG Plc
Statement regarding GoCompare Group Plc
Further to the announcements by ZPG Plc ("ZPG") and Gocompare.com Group plc ("GoCompare") in relation to ZPG's possible offer for the entire issued and to be issued share capital of GoCompare, ZPG confirms that it does not intend to make a further offer for GoCompare and is consequently bound by the restrictions under Rule 2.8 of the Code.
ZPG continues to take a disciplined approach to capital allocation to ensure that investments, including acquisitions, are made in the best interests of ZPG shareholders.
This announcement is made in accordance with Rule 2.8 of the Code. ZPG reserves the right to announce an offer or possible offer, or participate in an offer or possible offer for GoCompare, and / or take any other action which would otherwise be restricted under Rule 2.8 of the Code within six months after the date of this announcement either with the consent of the board of GoCompare, if a third party announces a firm intention to make an offer for GoCompare, if GoCompare announces a "whitewash" proposal or a reverse takeover, or if the Panel determines that there has been a material change of circumstances.
A copy of this announcement will be available subject to certain restrictions relating to persons resident in restricted jurisdictions on ZPG's website at www.zpg.co.uk/investors as soon as possible.
The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.
-End-
Enquiries:
ZPG Plc
Lawrence Hall, Head of Communications - lawrence.hall@zpg.co.uk / 07890 078 945Rachael Malcolm, Head of Investor Relations - rachael.malcolm@zpg.co.uk / 0203 8725 648
Maitland - PR AdviserJames Isola +44 (0)20 7379 5151
Credit Suisse - Financial Adviser
Tel: +44 (0)20 7888 8888
Gillian Sheldon
Joe Hannon
Lewis Burnett
Jefferies International Limited - Financial AdviserTel: +44 (0)20 7029 8000
Paul NichollsDominic Lester
Tariq Hussain
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, 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 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 is a leading supplier of automated property valuations and property market insights in the UK and Australia to partners including mortgage lenders, developers, investors, 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.