LSL Property Services Holdings in Zoopla Property Group PLC (1269K)

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RNS Number : 1269K

LSL Property Services

16 September 2016

16 September 2016

LSL Property Services plc

Holdings in Zoopla Property Group PLC

LSL Property Services plc ("LSL") announces that it has sold in aggregate 7,780,000 ordinary shares in Zoopla Property Group PLC ("Zoopla") at an average price of GBP3.20 between the period from 20(th) July 2016 to 16(th) September 2016.

Following the disposal, LSL holds 3,533,786 of Zoopla's ordinary shares, representing 0.8% of Zoopla's ordinary share capital.

The proceeds of the disposal will be used to reduce corporate indebtedness and for other general corporate purposes.

This announcement is made in accordance with Listing Rule 10.4.1.

For further information contact:

 
 Ian Crabb, Group Chief Executive 
  Officer 
 Adam Castleton, Group Finance 
  Director 
 LSL Property Services plc           0207 382 0360 
 

Notes on LSL:

LSL is a leading provider of residential property services to its key customer groups. Services to consumers include: residential sales, lettings, surveying, conveyancing and advice on mortgages and non-investment insurance products. Services to mortgage lenders include: valuations and panel management services, asset management and property management services. For further information, please visit LSL's website: www.lslps.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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September 16, 2016 12:30 ET (16:30 GMT)