17 Apr 2020 07:00
Purplebricks Group plc
("Purplebricks", the "Company")
Directorate Changes
Purplebricks Group plc (AIM: PURP), the UK's leading hybrid estate agency, today announces that Chief Financial Officer, James Davies, has advised the Board of his intention to resign from the Company and the Board effective from 8 May 2020. The Company is pleased to announce that Andrew Botha will be joining Purplebricks as Chief Financial Officer, effective from 11 May 2020 subject to the completion of the customary due diligence checks required by the AIM Rules.
Mr Botha joins from online travel group Secret Escapes and was previously Group CFO at ZPG, the digital media business that owns and operates some of the UK's most recognised online brands including digital property portal Zoopla, PrimeLocation, uSwitch and Money.co.uk. From his time at Zoopla, Andrew has developed a strong understanding of the UK hybrid property market. He has also worked for a number of other publicly quoted and privately-owned digital businesses, including Lastminute.com, Betfair and Notonthehighstreet. Andrew has more than 25 years' business experience and brings with him an extensive background in corporate finance, financial planning and analysis, investor relations, strategic planning and risk management.
Paul Pindar, Chairman of Purplebricks, commented:
"On behalf of the Board I would like to thank James for his hard work and dedication during his tenure at Purplebricks. We wish him the very best with his future endeavours. I am delighted to welcome Andy to the Board as Chief Financial Officer. Andy has a remarkable track record in growing digital businesses, and I look forward to working with him and the executive management team to execute Purplebricks's strategy."
James Davies commented:
"It has been an exceptional privilege to have been part of the growth and success of Purplebricks. I joined when it was a nascent challenger brand and today it ranks as the UK's largest estate agency by volume. I am proud to have been on that journey. Notwithstanding the current COVID-19 circumstances, the Company is in a strong financial position and ready for its exciting next stage of development and success."
The following information is disclosed in accordance with Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies:
Full name and age: | Andrew James Botha, aged 52 |
Current directorships: | Secret Escapes Limited |
| Evr Holdings PLC |
| Orange Grove Limited |
| Geek Vintique Ltd |
Former directorships (previous 5 years): | CFP Software Limited |
| Core Estates Ltd |
| Dot Zinc Holdings Limited |
| Dot Zinc Limited |
| Hometrack Data Systems Limited |
| Hometrack.co.uk Limited |
| Jupix Ltd |
| Moveit Network Limited |
| Notonthehighstreet Enterprises Limited |
| Property Software Holdings Limited |
| Property Software Limited |
| PSG Webs Services Limited |
| Ravensworth Printing Services Limited |
| Real Estate Technology Limited |
| Sia Limited |
| Technicweb Limited |
| Ulysses Enterprises Limited |
| USwitch Limited |
| Vebra Investments Limited |
| Vebra Limited |
| Vebra Solutions Limited |
| W New Holdings Limited |
| Websky Limited |
| Zephyr Bidco Limited |
| Zoopla Limited |
| ZPG Comparison Services Holdings UK Limited |
| ZPG Comparison Services Limited |
| ZPG Limited |
| ZPG Property Services Holdings UK Limited |
| ZPG Property Services Limited |
There is no further information required to be disclosed under Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.
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Purplebricks | +44 (0)20 7466 5000 |
Vic Darvey, CEO |
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James Davies, CFO |
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Zeus Capital (NOMAD) | + 44 (0)20 3829 5000 |
Daniel Harris, Nick Cowles |
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Citi | +44 (0) 207 986 4000 |
Stuart Field, Robert Farrington |
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Peel Hunt | +44 (0)20 7418 8900 |
Dan Webster, George Sellar |
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Buchanan | +44 (0)20 7466 5000 |
David Rydell, Jamie Hooper, Kim van Beeck |
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About Purplebricks
Purplebricks is a leading estate agency business. Based in the UK, it also operates in Canada and is invested in Homeday.de in Germany. Purplebricks combines highly experienced and professional Local Property Experts 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.
PURP.L (PURP)