15 Feb 2016 18:31
Countrywide PLC
Holdings in Zoopla Property Group PLC
Countrywide PLC ("Countrywide") announces that 8,659,302 Zoopla Property Group PLC ("Zoopla") ordinary shares have been sold by Countrywide, representing 2.1 per cent of Zoopla's ordinary share capital for a price of 220 pence per share. Gross proceeds realised by Countrywide will be £19.1 million.
Following the disposal, Countrywide will continue to hold 9,234,473 Zoopla ordinary shares representing 2.2 per cent. of Zoopla's ordinary shares.
Details of the use of proceeds from the disposal will be provided at the time of the Countrywide Preliminary Results on the 25th February 2016.
Countrywide has a long-term strategic partnership with Zoopla. Countrywide will continue to work closely with Zoopla in the future.
Contacts:
Media | Investors |
Countrywide Press Office +44(0)7721 439043 | Jim Clarke, Group Chief Financial Officer +44(0)7970 477299 |